BREXIT: The European Union referendum result

Posted on June 29, 2016

On the 24th June 2016 Great Britain voted to leave the European Union (EU). We are the first member state to have taken such a step. This, coupled with the prime ministers decision to step down, means that there is likely to be a period of uncertainty, both politically and economically, in the country but what should happen next is this;

 

A new prime minister: Following the resignation of David Cameron, the conservative party must find a new leader, who will also lead the country. This is scheduled to take place by the beginning of September 2016

 

Article 50: This article of the 2009 Lisbon Treaty will be used by Great Britain to notify the EU of its withdrawal and obliges the EU to try to negotiate a withdrawal agreement. It is likely that this process will take at least 2 years. Until the Article 50 procedure takes place we remain as a member state of the EU.

 

Post Article 50: From a legal viewpoint there may be changes to domestic legislation that have been enacted due to European law (although there is no obligation for us to disregard any of the European law that has been enshrined in domestic legislation)

 

Quite simply, as it stands at the moment the referendum result last Thursday has no effect on the way that we carry out our work here at Ashley Taylors Legal. If, when the legal process to withdraw has taken place, this changes any aspect of our practice you will be informed immediately.

 

If you have any questions please do not hesitate to contact us.