Brexit Next: Legal Implications
The British people have voted to leave the European Union.
No European Union Member State has left the EU so the process of withdrawal is untested. Effecting a successful “Brexit” will involve disentangling the UK from complex politico-legal, financial and other relationships and obligations.
Prior to the referendum the UK government stated: “a vote to leave the EU would be the start, not the end, of a process.” Our withdrawal from the EU requires the UK to secure a long list of international agreements and arrangements in many different areas. It is important to note that the UK will continue its membership of the EU and will continue to be subject to EU law for a number of years to come as Brexit is negotiated.
To help you in this time of uncertainty, we have created a dedicated microsite Brexit Next: Legal Implications to keep you updated on developments as they happen. Our checklists cover a broad range of industry areas, guiding you through what a Brexit could really mean for your business and you can also look at what we think the Brexit process might look like and the future options for the UK in its relationship with the EU.
With over 850 lawyers in the UK and 3,000 globally, CMS is a top 10 global law firm and Europe’s leading law firm with 39 offices in 18 EU member states. We will be regularly updating our website with the legal implications and through Law-Now updates.