Brexit Vote Creates Conundrums For Competition Attorneys

June 24, 2016

As the shock of the U.K.'s vote to leave the European Union wears off, international competition attorneys will have to sort through many changes that could impact their practice and figure out how to deal with possibly overlapping antitrust and merger enforcement authorities in the two jurisdictions.

The full effect of Britain's exit from the EU on competition law may not even be known for years, after leaders from Britain and the EU negotiate how, exactly, the U.K.'s departure is going to work. Britain will have to decide what model to follow as a nation independent of the EU — for example, joining the European Economic Area, like Norway, or pursuing a different avenue altogether.