The implications of Brexit for the pharmaceutical and medical devices industry in the long run will only really become apparent when the final model governing the UK’s new relationship with the EU is determined. It is at this stage difficult to predict how the withdrawal will be managed, and whether the UK government will trigger the Article 50 process immediately. We are likely to witness lengthy negotiations between the UK and the EU on the…
President Tusk, President Schulz and Prime Minister Rutte met this morning in Brussels upon the invitation of European Commission President Juncker. They discussed the outcome of the United Kingdom referendum and made the following joint statement:
“In a free and democratic process, the British people have expressed their wish to leave the European Union. We regret this decision but respect it.
It was today announced that, on 23 June 2016, the British public voted in favour of a so-called “Brexit”, or exit from the European Union (“EU”). Whilst the result of the referendum is not legally binding on the UK Government it is politically so and, furthermore, the governing Conservative Party promised that the referendum would be binding in their manifesto. Mechanics of leaving the EU The vote in favour of Brexit means that, at some…
With registration for voting in the EU Referendum extended until midnight on 9 June 2016, and only two weeks until the date of the vote, it is more important than ever to begin considering the what impacts of remaining in the EU or leaving will be for you and your business. For a list of issues that businesses should consider, please see our previous update here, and for a more specific overview of considerations from an…