Impact of Brexit
24 June 2016
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.
Our lawyers have deep international experience and are positioned to assist international clients in assessing and reacting to the legal issues as they emerge. Our offices in Dublin, London and New York reflect the firm’s international capability and outlook. We look forward to continuing to serve and support international clients during this reshaping of the EU and UK.
Click here to view our analysis of how Brexit may affect your business.