Questions about how Brexit might impact you? Call Dechert’s hotline.
+44 20 7184 7892
Lawyers in Dechert’s International Trade and EU Law practice bring a uniquely valuable perspective to the legal and commercial analysis, having significant background and knowledge of the EU and the UK’s engagement with it. Our team members' experience includes working on legal and policy issues for the European Commission, negotiating on behalf of Member States in the Council, and serving in various roles within the UK Government, including HM Treasury and the Prime Minister’s Office.
Read our Brochure: Brexit: Navigating the maze. Addressing the risks. Seizing the opportunities.
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Telephone: +44 20 7184 7892
Miriam previously served for seven years as a Senior Member of the Cabinet for two EU External Relations Commissioners, was a lead EU negotiator for the WTO, and was seconded to the UK Foreign Office to advise during the EU Presidency.
Telephone: +44 20 7184 7315
Andrew was previously Legal Advisor to the UK Prime Minister and Head of International and EU Law at the Attorney General’s Office.
Telephone: +44 20 7184 7418
Roger is an expert on EU law and practice; he was previously a national expert at the European Commission, and has served as a legal advisor on EU financial services measures at both HM Treasury and the Bank of England’s Prudential Regulation Authority.
Telephone: +44 20 7184 7350
Richard is a former diplomat who represented the UK government in EU Council Working Groups covering a range of issues primarily related to trade and EU external relations.
What should I be doing now?
The range of actions will vary significantly from one company to another. However, steps most companies should consider now include:
- Review your contractual arrangements and identify any aspects that assume the UK to be in the EU or rely on being able to participate in the internal market.
- Review and identify other aspects of your business that rely on, or assume the applicability of, pan-EU arrangements such as passporting for financial services, EU Trade Marks, EU-wide medicine licenses, etc.
- Identify EU laws which currently impact your operations.
- Identify nature and extent of interaction with pan-EU agencies.
- Consider a government relations strategy (whether directly or through an industry group). Identify key proposals or considerations. Respond to government consultations.
- Consider the impact on your customer base.
Exactly what effects could Brexit have?
Dechert’s sectoral experts work closely alongside our International Trade, EU law and Government Regulation team to map out the impact the Brexit may have on any given sector and business and advise on the trade and regulatory consequences. Read more about some of the notable areas likely to be affected including:
- Asset Management
- Competition Law
- Data Protection
- Employment Law
- Environmental Law
- Financial Services
- Imports and Exports
- Intellectual Property
- Legal Framework
- Life Sciences
- Other Sector Laws
- Trade Agreements
How Dechert can help
Dechert can assist you in answering all of your questions. Our team can identify potential mitigation steps that may help to minimize any risks associated with Brexit while also maximizing opportunities. Our team can also advise on the development of strategies for engagement with investors, customers or (during the negotiation phase) the UK government or EU negotiators.
In addition to the deep expertise offered by our lawyers, Dechert also collaborates closely with leading firms of accountants, providing you with an evaluation not only of the legal implications for you and your sector, but also the economic implications. This combined approach can often assist with understanding the relative importance of risks identified. We would be pleased to arrange such a collaborative approach for you, and to recommend accountancy firms who with whom we have successfully collaborated previously.
Visit Crunched Credit to read about the impact of Brexit on the commercial real estate debt market.