As the UK leaves the EU, in light of the seismic result of the United Kingdom referendum this morning, there will be an immense amount to do, for the UK and the remaining EU, and for companies that are either based in, or have interests in the UK. It will be necessary both to consider the existing positions of companies and individuals and how to achieve the best solutions in any future relationship between the UK and the remaining EU. The key theme is “whether specific solutions can be agreed” as illustrated below.
Initially, there will be tremendous uncertainty, because it is not known what the UK will seek, or what the remaining EU Member States will accept, as an agreement on their future relationship.