Thursday, 23 June 2016, the British decided to leave the EU, which will result in a number of legal changes. We at Horten are keeping a close eye on the political consequences, and we will keep you informed about the implications of Brexit.

The result of the vote will not have any immediate legal consequences. Great Britan is still a member of the EU, and the current rules and statutes therefore still apply until Great Britain formally leaves the union. An exit from the EU must take place at two years' notice, and this is expected to be no earlier than when David Cameron resigns as Prime Minister in October and a new Prime Minister has been elected. In principle, however, several years may pass before notice is given.

Uncertain future

Nevertheless, it is a good idea to keep abreast of the Brexit development. If Great Britain wishes to exit the EU, the country will face an uncertain future where cooperation agreements will have to be negotiated with more than 50 countries. In addition, the country must adopt a number of new statutes and rules in the areas where there will be an empty void after the exit from the EU. We therefore recommend to keep a close eye on the future negotiations as the result of the cooperation agreements and statutes will also affect Danish companies and industries.

Stay informed with Horten

Our experts at Horten have wide international experience and will at guide you through the development of Great Britain's exit from the EU and the legal implications for all industries. Do you have any questions or need advice in this connection, you are welcome to contact us.

Contact our experts for assistance:

Employment law: Jonas Enkegaard
Banking & Finance: Claus Bennetsen
EU, Public Procurement and Competition: Andreas Christensen
Capital Markets: Thomas Francis Beckett
Real estate and construction: Michael Neumann
IT & Telecom: Mads Nygaard Madsen
M&A: Hans Christian Pape