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Our Brexit Task Force is staffed by senior lawyers and advisors across London, Brussels, and Washington to monitor events and to keep clients apprised of legal, regulatory, and policy developments. We are advising clients across a wide range of businesses and industries on the impact and implications of Brexit, including on strategic policy and regulatory issues pertaining to:
We are also advising clients on sector-specific issues in:
Below is a compendium of resources that outline key points about Brexit and its potential impact on industry.
On June 23, 2016, the UK voted in an advisory referendum to leave the European Union. The impact of Brexit will depend on the form a post-Brexit UK will take, the common ground that emerges regarding the relationship that the UK seeks to have, and the relationship that the EU and the 27 remaining Member States will accept. So far, the UK Government has indicated it will leave the EU Single Market and seek a “comprehensive” free trade agreement with the EU. However, detailed framework for Brexit will not become clear for some time as it may take (at least) two years for the UK to negotiate its exit after it notifies the EU of its intention to leave, which it did on March 29, 2017, and it remains unclear whether the EU will be prepared to negotiate the new relationship in parallel with the exit negotiations.
Our team will be following developments closely and is available to answer your questions. Please contact any of our Brexit Task Force leaders listed below.
February 3, 2017, Global Investigations Review
Ian Hargreaves and David Lorello are quoted in a Global Investigations Review article regarding Hargreaves’ recent arrival to Covington. According to Hargreaves, the firm’s “pre-eminence in dispute resolution, and its immense strength and global recognition as a market-leader in white-collar crime matters and investigations” fueled his decision.
Lorello says, ...
January 31, 2017
LONDON—Ian Hargreaves has joined Covington as a partner in the firm’s European Dispute Resolution practice resident in London. Mr. Hargreaves’ arrival follows that of litigation partners Craig Pollack, Greg Lascelles, Elaine Whiteford, and Louise Freeman over the past six months.
Mr. Hargreaves advises on major European white collar and related civil and ...
June 24, 2016, Covington Alert
The UK has voted to leave the European Union in an advisory referendum. 52% leave - 48% remain.
Were the UK to leave the EU, this would have significant implications for the UK and for international businesses operating in the UK. The longer term impact of the decision on the regulatory framework for the UK will depend, in part, on the relationship that the UK ...