Press Release
Brexit Vote to Leave Expected to Lead to a Period of Uncertainty
24 June 2016
London - The UK’s historic vote to leave the European Union (EU) will have significant consequences throughout the UK, the EU, and in the global economy. The referendum vote is expected to lead to a high degree of uncertainty and disruption as businesses come to terms with the new normal of a post-Brexit environment. Businesses, governments, and regulatory bodies will need to take measures to adjust to the legal, financial, regulatory and technical ramifications of the referendum.
To fully prepare clients for the legal and business implications and potential disruption to their companies, K&L Gates LLP is directing clients and others to a suite of resources it has created to bridge any concerns brought on by the vote to leave. The firm in February was the first to have established a multidimensional Brexit client support initiative that is needed now more than ever and includes:
K&L Gates Brexit Client Support Initiative
• a 24-hour hotline;
• a dedicated task force of multidisciplinary lawyers comprising partners from the firm’s global litigation, finance, corporate, intellectual property, policy and regulatory, and employment law practice areas reachable by emailing brexit@klgates.com; and
• a series of “Brexit Bites” briefings examining key issues associated with the withdrawal and its after effects — including analysis on such topics as employment, intellectual property, and tax laws, financial services regulation, international trade, material adverse change clauses, and the formal withdrawal process — all which are housed in a dedicated Brexit section on K&L Gates HUB.
“The referendum vote has profound consequences not just for the UK and Europe but will create shockwaves across the globe,” said Martin Lane, K&L Gates Regional Managing Partner, Europe. “We have deliberately put in place a structure to support and guide clients throughout this period of change and uncertainty.”
Clients and other companies are encouraged to direct questions to the Brexit hotline, which is staffed by K&L Gates partners who will respond promptly to queries or refer them to the appropriate person.
To fully prepare clients for the legal and business implications and potential disruption to their companies, K&L Gates LLP is directing clients and others to a suite of resources it has created to bridge any concerns brought on by the vote to leave. The firm in February was the first to have established a multidimensional Brexit client support initiative that is needed now more than ever and includes:
K&L Gates Brexit Client Support Initiative
• a 24-hour hotline;
• a dedicated task force of multidisciplinary lawyers comprising partners from the firm’s global litigation, finance, corporate, intellectual property, policy and regulatory, and employment law practice areas reachable by emailing brexit@klgates.com; and
• a series of “Brexit Bites” briefings examining key issues associated with the withdrawal and its after effects — including analysis on such topics as employment, intellectual property, and tax laws, financial services regulation, international trade, material adverse change clauses, and the formal withdrawal process — all which are housed in a dedicated Brexit section on K&L Gates HUB.
“The referendum vote has profound consequences not just for the UK and Europe but will create shockwaves across the globe,” said Martin Lane, K&L Gates Regional Managing Partner, Europe. “We have deliberately put in place a structure to support and guide clients throughout this period of change and uncertainty.”
Clients and other companies are encouraged to direct questions to the Brexit hotline, which is staffed by K&L Gates partners who will respond promptly to queries or refer them to the appropriate person.
K&L Gates comprises approximately 2,000 lawyers globally who practice in fully integrated offices located on five continents. The firm represents leading multinational corporations, growth and middle-market companies, capital markets participants and entrepreneurs in every major industry group as well as public sector entities, educational institutions, philanthropic organizations and individuals.
