On June 23, 2016, the United Kingdom voted to withdraw from the European Union. This historic event, known as the “Brexit,” will have major implications for not only UK companies but any company doing business in the UK. Almost immediately following the vote, the pound hit its lowest level in more than three decades and dampened markets worldwide.
In collaboration with advisors in the UK and across Europe, our lawyers are monitoring the shifting legal landscape for our clients. Since the UK currently remains part of the European Union, EU laws are still in effect.
Brexit will affect almost every industry and area of the law, including:
While the ultimate details of the UK’s departure from the EU will not be clear for several years, we’ll counsel our clients along the way to position their organizations effectively for success in the new reality.