Article 50 triggered: what's next

Since the people of the UK voted to leave the European Union (EU) on 23 June 2016, CMS has been working with our clients to identify opportunities and find solutions to issues that will arise as the exit process is negotiated and after the exit has taken effect.

The UK has been a member of the EU since 1973 and large parts of our laws are derived from or affected by it. The vote to leave has therefore naturally created a significant period of uncertainty. Many of our clients are planning changes to general businesses practices that will roll out both in the short and long term.

As the largest law firm in Europe and one of the largest in the world, CMS feels a special responsibility to take a proactive approach to understanding and resolving the issues that flow from the UK’s exit from the EU. CMS lawyers are working at the heart of UK Government and also in key Brexit think tanks to help formulate sensible approaches that are both informed by our sectoral expertise and which facilitate commercial decision-making by our clients.

CMS has also been helping to guide our clients in the UK, the Continent and elsewhere on the high-level considerations for their business, prudent forward planning and more specifically on matters that need to be taken into account for specific projects and transactions.

This publication is part of a series that looks to share our knowledge with our clients. As the negotiations and exit process progresses, CMS will update these bulletins to enable our clients to look behind the headlines and be armed with the market intelligence that you need to meet new challenges, and also to move ahead confidently to exploit the opportunities ahead.

Click here to read the brochure online.