The vote of the U.K. Electorate to leave the EU has politicians, economists, lawyers and commentators from all sectors speculating on what will happen next and over exactly what period. While it is unlikely that there will be a sea change in the short term, at least legally, it is certainly prudent to prepare for the unknown. Below we set forth some immediate considerations for U.S. companies regarding funding, operations, intellectual property and employment law.
The ‘Brexit Hangover’
The most immediate impact will be an economic one—as we have already experienced in the days following the referendum. Short- and medium-term volatility in the currency and stock markets will likely impact business confidence; fears of a recession are real.
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