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Pre-pack arrangements can be messy and complicate issues such as continuity of contracts.
The regulations should ensure the continuity of contracts, making clear that, from the end of the transitional period, all references to national currencies in legal instruments are to be read as references to the euro.Lex monetae, a principle of international law, should also ensure that European contracts will continue to be valid in other countries.
Several American states that do a lot of international business, including California, Illinois and New York, have passed legislation recognising the euro and enshrining the continuity of contracts during the transition period.Yet even enforceable contracts can be drawn up by crooks.
The substitution of the Euro for national currencies should not of itself alter the continuity of contracts, unless otherwise provided in the contract.
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"The biggest remaining risks of disruption are where action is needed by both UK and EU authorities, such as ensuring the continuity of existing derivatives contracts.
According to ANIRC, "Ramón y Cajal researchers are finding enormous difficulties to continue their research work in Spain due to the lack of continuity in their contracts".
Businesses continue to face significant uncertainty and we urge the UK and EU27 to reach agreement on transitional arrangements, including addressing issues relating to the continuity of services under existing cross-border contracts as soon as possible.
To ensure continuity of service from that point until the new contracts come into effect later in 2014, we have signed a contract with Capita to take over the management of the existing electronic monitoring services on an interim basis.
It was also seen that contracting out would not guarantee continuity of care as staff turnover was considered higher among private providers that in the public sector.
For staff hired on limited-term contracts, consideration should be given to how continuity of care can be ensured.
This problem was augmented by the lack of continuity of care by the dispensing practitioners due to the service contracting arrangements whereby the practitioner may be different at each patient visit.
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