Like most Irish businesses, we were strong supporters of the UK remaining in the EU, so the outcome of the referendum is disappointing. It will cause significant economic uncertainty throughout Europe for some considerable time and the political environment has fundamentally changed.
In legal terms, there will be a process of readjustment. Our clients in Ireland and globally will need to incrementally react to the shifting legal landscape as the article 50 negotiations unfold and changes are made to UK law. In simple terms, that will require some future proofing of contracts and planning for divergent regulation. In more strategic terms, structuring choices for transactions and business establishment will emerge.
Ireland will soon be the only English speaking and common law member of the EU and this will make it the logical gateway to the single market.
Read about our latest Brexit news and insights.
Our lawyers have deep international experience and are positioned to assist international clients in assessing and reacting to the legal issues as they emerge.
There is no immediate change to law, but the longer term likely changes are widespread and complex given the extensive intermingling of national UK laws and EU law. We have outlined the possible changes for the following sectors and legal practices via the links below.
If you have any questions on Brexit, please contact your usual Mason Hayes & Curran contact or one of our team listed adjacent.