Brexit Updates Blog

MAC clauses and Brexit

In a previous post, we touched briefly on the likelihood of a material adverse change (MAC) being called in light of the referendum result, and in this note we discuss the current market position in more depth. There are two types of MACs: a ‘business MAC’ and a ‘market MAC’. Market MACs, often contained in...

UK Litigation in a Post Brexit World

As in so many other areas, the effect of the decision to leave the European Union in the referendum on 23 June 2016 on litigation in England and Wales in still highly uncertain. There are a number of issues that the UK government will need to consider during their negotiation of the terms of the...

Focus on Commercial Real Estate

In the run-up to the Brexit referendum of 23 June 2016, many of the headlines focused on the economy and immigration.  Surprisingly little was made in the mainstream press of the real estate market: one that is reported to be worth nearly £7 trillion; account for 35% of the value of the UK’s stock market...

Focus on Article 50

In this note we focus on Article 50, the mechanism outlining the process through which the United Kingdom (UK) is likely to withdraw from the European Union (EU). What is Article 50? Article 50 of the Treaty on European Union sets out the mechanism by which a member state may leave the EU. Prior to...

Brexit and its impact on finance transactions

In the days following the Brexit vote, the finance team at Dorsey has been asked a number of questions as to how the vote will impact existing finance transactions. The answer is that from a legal perspective the impact will be limited, although the commercial impact will be more significant. We have set out below...

Brexit and what happens now

The political fallout has been swift. David Cameron, the pro-Remain Prime Minister of the United Kingdom (UK) resigned less than 12 hours after the results of the UK-wide referendum on 23 June 2016 were announced.  With turnout at 71.8%, the highest since the 1992 general election, 51.9% – over 17 million people – voted in...

What Brexit Means for EU Trade Marks

On 23 June 2016 the United Kingdom electorate took the historic decision in a national referendum that the country should leave the European Union. How will that impact EU trade marks (known until recently as Community trade marks)? Well, no-one really knows yet. The decision to leave the trading block is a big step into...

Initial Thoughts on Brexit for US Reporting Companies

  Britain’s vote to exit the European Union (Brexit), is an alarm here, there and everywhere, of solidifying popular and national anxiety, of a conviction that free trade and globalization are not tides that lift all boats, that these forces have long threatened ways of life in places like the mill towns of Northern England...