Brexit – a possible UK exit from the EU

In the UK, the General Election is a few days away and with it is the prospect of a Referendum on the UK’s membership of the European Union (EU) by the end of 2017, if the Conservatives form the next Government.

In our briefing, we consider the implications from a legal perspective of a UK exit from the EU.   

A key point to note from the outset is that this would depend very much on what the EU membership would be replaced with.  For example, would the UK have no formal link with the EU, or would we join the European Free Trade Association (EFTA) and (like most EFTA countries) the European Economic Area (EEA) agreement with the EU or would we enter into some other free trade agreement with the EU?

What we do know is that much of the UK’s law is comprised of directly effective EU law, or UK law implementing EU Directives or supplementing directly effective EU law.  If these laws were to be discontinued, it would leave huge gaps in our legislative framework and, at least initially, transitional arrangements would be needed.

Our publication considers the key constitutional changes, the consequences for the UK/EU relationship, the impact on the UK legal framework, the possible transitional provisions, the form a referendum might take and the consequences for businesses operating in the UK in various sectors including financial services, energy, telecoms and media as well as the possible impact on corporate law, lending and security, restructuring and insolvency, disputes, contracts, data protection, real estate, environmental law, employment law, pensions, tax, competition and antitrust and intellectual property rights.

Please contact Jane Webber if you would like a copy of the full briefing.

 

 

1 Comment

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One Response to Brexit – a possible UK exit from the EU

  1. Heike Luecke

    Dear Jane,

    Would you be able to send me a copy of the full briefing, please?

    Thanks

    Best wishes

    Heike

     

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