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

balance scale

Jul 07, 2016

Brexit and Other Key Issues for CFOs and Corporate Treasurers

Subscribe

Jump to...

 
The Brexit vote has had an immediate impact by triggering significant volatility in the financial markets and the UK’s sovereign credit rating dropped to AA/Aa1. Companies have had to respond quickly. The shape of the future relationship between the UK and the EU, which is currently subject to much speculation, will determine the future impact of Brexit, but companies are making contingency plans. Management teams of groups with UK companies or UK trade are now assessing and prioritizing the risks and potential opportunities that Brexit introduces and reviewing their budgets. They are also considering whether to make changes to their corporate organization and funding structure in response to the Proposed US Tax Regulations to avoid adverse tax consequences. This client note sets out a number of near-term practical considerations for CFOs and Corporate Treasurers arising from Brexit and the Proposed US Tax Regulations. We also attach a summary checklist of considerations.

View full memo, Brexit and Other Key Issues for CFOs and Corporate Treasurers

Authors and Contributors

George Casey

Partner

Mergers & Acquisitions

+1 212 848 8787

+1 212 848 8787

New York

Lisa Jacobs

Partner

Capital Markets

+1 212 848 7678

+1 212 848 7678

New York

Joshua Thompson

Partner

Finance

+1 212 848 8703

+1 212 848 8703

New York

David Dixter

Partner

Capital Markets

+44 20 7655 5633

+44 20 7655 5633

London

James Duncan

Partner

Finance

+44 20 7655 5757

+44 20 7655 5757

London

Simon Letherman

Partner

Tax

+44 20 7655 5139

+44 20 7655 5139

London

Frank Miller

Partner

Mergers & Acquisitions

+44 20 7655 5904

+44 20 7655 5904

London

Barnabas Reynolds

Partner

Financial Institutions Advisory & Financial Regulatory

+44 20 7655 5528

+44 20 7655 5528

London