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27.06.2016

Brexit: The UK will leave the EU

GSK Stockmann + Kollegen very much regrets the UK’s referendum decision of last Thursday.

This decision will have a hugh impact on the economic developments and the politics of the UK as well as the EU. In the last months, lawyers of GSK have analysed all legal aspects and impacts of a Brexit and also published some of their results. In the future, there will be lot of challenges for clients but also numerous new opportunities (especially in Frankfurt, Luxembourg and Paris).

In particular, banks and other companies of the financial sector which are using the EU passport system will then have to relocate their registered offices to an EU country in order to continue to benefit from the European “Common Market” including the EU passport system.

As it now starts to appear, there is a lot to do. GSK is not only well prepared but has already started to work on many aspects of the forthcoming Brexit. This applies, in particular, to financial regulatory issues but also to corporate, tax, data protection/IT, labour law and real estate.

Please let us know if you have any further questions. We would be happy to assist in whatever Brexit-related issue you might have.

Please find below an overview of our Brexit-related publications so far:

- GSK Update: The Impact of the “Brexit” on Cross-Border Dispute Resolution (English)

- Broadlaw Group article: The EU and the UK – in or out? (English)

- GSK article: BREXIT- what if? (English)

- GSK White Paper: Wer hat Angst vorm Brexit? Und wenn er kommt... (in German)

- Brexit: Rechtliche Auswirkungen im Fall der Fälle (in German)

- Börsen-Zeitung: Brexit würde Finanzsektor schwer treffen (in German)

- Der Brexit, seine Technik und die Folgen für Banken (in German)

- Brexit, what if? PPT-Slides GSK Breakfast-Briefing, Frankfurt am Main, 11 May 2016 (English)

Contact at GSK Stockmann + Kollegen:

Peter Scherer
Dr. Markus Söhnchen
Björn Bronger