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ARTICLE · 10 JUNE 2016

The Brexit vote: Potential implications for Australian businesses

Corrs Chambers Westgarth
Corrs Chambers Westgarth
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Corrs Chambers Westgarth

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Given the likely negative consequences of a Brexit, Australian businesses must hope that the status quo is maintained.

AustraliaInternational Law

This month's referendum on the United Kingdom's membership to the European Union – and the prospect it raises of a British exit (or "Brexit") from the EU – has understandably attracted much attention worldwide. Although the vote will take place half a world away from Australia, its effects are likely to be felt everywhere, including by Australian businesses that operate in the UK.

At this stage, we don't know whether a Brexit will even happen, let alone how a UK withdrawal from the EU will work or what a post-Brexit UK will look like. (The British government itself has acknowledged that such a scenario is unprecedented.)

But what we can do is start thinking about what could happen if it does...

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