The people of the United Kingdom (UK) have spoken on the issue of whether the UK should leave or remain in the European Union (EU). In a referendum held on June 23, 2016, British voters by a narrow margin voted for the UK to leave the EU. The UK’s decision to withdraw from the EU (a process colloquially termed “Brexit”) will likely have significant consequences in ways both known and as yet unknown. What will Brexit mean for companies...

The White House rules out moving a bilateral trade deal with Britain to the front of the line. Top U.S. and European officials vowed to press ahead with a massive transatlantic free trade deal on Monday despite Britain’s historic vote last week to exit the European Union. In making the pledge, a White House spokesman said that the United States would not prioritize a bilateral trade deal with Britain ahead of a Europe-wide pact — suggesting that London would have...

What would have normally been headlines on Friday turned out to be mere parentheticals in light of the fallout from Thursday's Brexit vote. One of the two stories that were largely overlooked was a much weaker-than-expected durable goods orders, which by itself might have given the Fed more pause over whether to raise rates this summer. On the positive side of the ledger, all 33 of the top US banks passed the quantitative portion of their stress tests. The results...

The United Kingdom voted by referendum to leave the European Union. The turmoil resulting from this historical news will most likely lead to uncertainty for the years to come.Luxembourg, as a founding member of the EU, will closely contribute to the upcoming discussions on the future of the UK/EU relationship and we, at Arendt, have looked at the various options that could shape the future of this key relationship.Standstill period leading to withdrawal The UK will not leave the EU...

The U.S. International Trade Commission (“ITC”) issued a broad Exclusion Order upholding trademark protection of the diamond-patterned outsole portion of the shoe company’s famous Chuck Taylor sneaker.  The Exclusion Order has the effect of barring imports of sneakers that infringe on the Converse diamond-patterned outsole. The decision is considered a partial victory for defendants Walmart, Sketchers and New Balance, which were accused of infringing the trademark of the midsole – which consists of a rubber band around the front of...

Below a few checklists cover a broad range of industry areas to guide you through what a Brexit could really mean for your business. EACCNY Member CMS will continue to provide you with insight and information on key areas such as financial services, energy and corporate as well as competition. Please visit the Brexit Special Section back to find updated content as developments emerge. Please use the navigation to view our full collection of checklists. All checklists as PDF Banking Employment IPF Real Estate Competition Energy Lifesciences Taxation Construction Financial Services Pensions Energy in CEE Corporate Health...

UK votes for Brexit. PM Cameron resigns GBP/USD falls 18 figures to its lowest level since 1985 before recovering Global equity markets slump. Eurostoxx falls more than 10% - hits lowest level since 2013 What has happened? The UK referendum decision to leave the EU had a huge impact on markets overnight, in part because markets were almost fully pricing in a vote to “Remain”. GBP fell very sharply, with the JPY and the USD the main beneficiaries. Initially GBP/USD fell to 1.3240 from...