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Every scandal has a 'gate', so now every existential European crisis has to have the obligatory two consonants tacked onto an 'exit':
Britain + exit = Brexit
Marry it to a hashtag and that's social media sorted too. The UK's potential divorce from the EU pruned back to a clunky acronym.
Whatever happens, we are clearly going to be seeing a lot more of our hashtagged friend in the months and years to come, whether we like it or not.
So what should lawyers be doing? More importantly, what should they be telling clients?
Last night, a panel of QCs and leading experts from Monckton Chambers, chaired by Sir Stephen Laws, gathered to discuss the ‘what ifs’ of Brexit.
They stressed that legal advisors can’t afford to ignore this. Increasingly lawyers are going to be asked to advise on the potential implications of a UK exit. Clients will only be fobbed off with platitudes for so long.
So what if we decide to say our ‘Br'au revoirs’ to the EU?
Here are some of the the key ‘takeaways’ from the evening:
So far so negative?
Possibly—and this is just the briefest of flavours of the issues that the panel raised.
However, perhaps we ought to finish on a more chipper note?
The challenges that the country would face are arguably not insurmountable if we decide to leave.
Indeed, this is all academic if negotiations for reform go well, as well they might. There seems to be an increasing political will to accommodate the UK as the sixth largest economy in the world and member of the UN Security Council. Other EU countries are keen on reform too.
Perhaps, in the end, the threat of Brexit will result in 'Breform'? And, all being well, the death of ‘Br + noun’ acronyms?
I can only hope so.
So what do you think? Should we stay or should we go and how would this affect you in legal practice? How do you think this would affect commercial law? Do let us have your thoughts below.
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