The UK to leave the EU - Plesner advises on the consequences

The result of the EU referendum was announced on Friday, 24 June 2016 and the UK voted to leave the EU. We have set up a special Brexit task force with specialists across Plesner's various practice areas. The task force is available to our clients and we will provide regular updates on the development on our website, www.plesner.com.

The outcome of the vote will not have any immediate legal effect as EU law and UK law will still apply without any changes for now, but we are entering a period of uncertainty as to the future legal landscape. Even if the period could last several years, it is important to keep abreast of developments if you trade with the UK, have a business in the UK or have agreements or contracts that are subject to or will be subject to UK law.

No changes for now

Legally, there will be no changes for now. The UK is still a member of the EU and the current rules will still apply until the UK leaves the EU. It will take at least two years for the UK to leave the EU and it is expected that the formal announcement to the EU will only be made after the election in October of a new prime minister following David Cameron's exit, but several years may also pass before the formal announcement is made. But nevertheless it is important to prepare for the consequences of the UK leaving the EU.

The UK is now facing the task of negotiating numerous agreements with the EU, negotiating trade agreements with more than 50 countries and passing new legislation in the UK. The process will take years and the negotiations will be subject to openness and press coverage, which means that the contents of the agreements will not be a sudden surprise.

We have set up a Brexit task force that will follow the political developments and the negotiations between the UK and the EU closely. The development in the negotiations will have different consequences for the different industries and businesses and each business should make sure to be updated on developments.

As a market-leading law firm we are able to advise businesses in all industries about the Brexit consequences, including identifying risks and preparing contingency plans. Our task force is available to all clients requiring Brexit advice.

Plesner's Brexit task force

Plesner's Brexit task force is headed by Casper Münter and consists of the following specialists:

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