Shearman & Sterling LLP multinational law firm headquartered in New York City, United States.

balance scale

Jun 24, 2016

Brexit: Issues for Financial Businesses

Subscribe

Jump to...

 

Today, it was announced that the UK public has voted to leave the European Union. There will now be a negotiation of a new relationship between the UK and Europe. The fact of the vote itself has no legal effect on the laws of the UK or EU. The UK will remain a member of the EU until there is either an agreement to exit or expiry of a two-year period after issuance of a formal notice of exit by the UK government. That notice, when served, triggers a negotiation period of up to two years during which time the current EU laws continue to apply in the UK. The UK will lose some of its rights to participate in EU political processes during this period.

This note discusses potential legal models for any post-Brexit negotiated solution in the context of financial business in particular.

View Full Memo Brexit: Issues for Financial Businesses

Authors and Contributors

Barnabas Reynolds

Partner

Financial Institutions Advisory & Financial Regulatory

+44 20 7655 5528

+44 20 7655 5528

London

Thomas Donegan

Partner

Financial Institutions Advisory & Financial Regulatory

+44 20 7655 5566

+44 20 7655 5566

London

James Webber

Partner

Antitrust

+44 20 7655 5691

+44 20 7655 5691

+32 2 500 9871

+32 2 500 9871

London

John Adams

Partner

Investment Funds

+44 20 7655 5740

+44 20 7655 5740

London

Kolja Stehl

Counsel

Financial Institutions Advisory & Financial Regulatory

+44 20 7655 5864

+44 20 7655 5864

+49 69 9711 1623

+49 69 9711 1623

London

James Duncan

Partner

Finance

+44 20 7655 5757

+44 20 7655 5757

London

Sandy Collins

Professional Support Lawyer

Financial Institutions Advisory & Financial Regulatory

+44 20 7655 5601

+44 20 7655 5601

London