The lawyer David Allen Green, who has emerged as a leading commentator on Brexit, likened the current scenario to Samuel Beckett’s Waiting for Godot, specifically when Estragon asks Vladimir whether they should leave and the latter says yes, but both remain still. The scene perhaps exemplifies UK Prime Minister Theresa May’s statement that “Brexit means Brexit” – a sentence that risks sounding hollow until a solid plan is drawn up.
Seeking order amid chaos
A number of recent reports have attempted to shed light on what Brexit might mean for the private debt industry. They appear to offer encouragement, but caution needs to be exercised.