The Last Word – Brexit

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‘The idea that regulation is all from Brussels and the UK is deregulatory is a fantasy. That is just rubbish.’

James Palmer, Herbert Smith Freehills

In the wake of the shock 23 June referendum result on EU membership of the UK, we asked leading lawyers for their thoughts

 

Relationship counselling

‘The important thing we need to remember is that this vote doesn’t only change the UK’s relationship with the EU, it changes its relationship with the rest of the world as a lot of our trade deals are through the EU.

On a human level, we have a number of lawyers and business services people in the UK who will want to know what their position will be. I said: “You’re an important part of Linklaters, so don’t worry about it.”‘

Gideon Moore, managing partner, Linklaters

 

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Guest post: The referendum now poses a serious threat to Parliamentary Sovereignty

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Forget about the online petition. We do not have government by petition, particularly not when we don’t know how many of the online signatories are even British, or are duplicates, or computerised bots or in some other way bogus. No matter how many signatures the petition garners it will not result in a re-run of the referendum, and nor should it.

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Up in the air – As Brexit looms, GCs face leap into the unknown

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Business is struggling to find a response as the Brexit vote looms. We team up with Herbert Smith Freehills to explore the impact… and GCs’ options.

‘One day Alice came to a fork in the road and saw a Cheshire cat in a tree. “Which road do I take?” she asked. “Where do you want to go?” was his response. “I don’t know,” Alice answered. “Then,” said the cat, “it doesn’t matter.”’
Lewis Carroll, Alice in Wonderland

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Poll-axed: The City gets shock election result it wanted but EU vote looms after Conservative sweep

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It has turned out to be the biggest election upset since 1992 and months of polling have been proved wrong but as the final results from the 2015 UK general election come in, the Conservative Party looks highly likely to win enough support to secure a working majority.

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Fault lines – tax, Brexit and what the general election means to City lawyers

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After a relatively stable coalition government, Britain goes to the polls amid huge uncertainty, with the main parties far apart on key policies. Legal Business assesses the manifestos to identify the issues impacting the City and the profession.

‘You can follow all the polls but the money is a much more reliable guide,’ observes one Magic Circle partner. ‘At Ladbrokes you can get the odds on who’s going to be prime minister after the election, but this is not on 8 May but August. They think it will take that long to sort it all out.’

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