“If the UK votes to leave the EU on 23rd June, it is difficult to predict how that exit would be managed and effected, and what the precise implications will be for commercial parties. What is clear, however, is that while the details of any UK exit are being ironed out, which could take two (or more) years, commercial parties may face legal uncertainty. Further, whatever form a Brexit might ultimately take, there is likely to be an impact on the legal rights and obligations of commercial parties in all sectors, as well as the wider legal framework.
In light of this, financial institutions, corporates and investors will need to have a plan in place to keep up with and respond to developments and to take and implement decisions on legal and operational matters efficiently and in a way that minimises potential risks.”
The attachted breifing summarises the legal consequences of a Brexit for commercial parties.
The below papers focus on certain specialist areas.
- Brexit – contingency planning for corporates
- English governing law clauses – should commercial parties change their approach?
- English jurisdiction clauses – should commercial parties change their approach?
- Brexit – contingency planning for employers
- Tax and the implications of Brexit
- Financial services regulation – what impact will Brexit have on regulated firms established in the UK, Europe & third country jurisdictions?
- Impact of Brexit on debt and equity financing transactions
- Gaining or losing the competitive edge? Implications for competition law enforcement
- Implications for cross-border insolvencies and restructurings
- Environmental and climate change laws – divergence or more of the same?
- The EU legislative framework is the cornerstone of many laws, regulations, procedures, and guidance governing the day-to-day activities of life sciences companies operating in the EU – we assess the likely impact of a Brexit
- Data protection legislation – is a change of approach required?
- The long-awaited European Unitary Patent project is scheduled to go live in early 2017 – we assess the likely impact of a Brexit
- Implications of Brexit for UK occupational pension schemes and sponsors
- Securitisation – a head start on the key considerations and possible implications
- UK covered bonds – a head start on the key considerations and possible implications
- Brexit and Derivatives – possible implications
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