LOS ANGELES – Intellectual Property (IP) rights holders
will likely see no immediate effect from the "Brexit"
vote for the United Kingdom (UK) to leave the European Union (EU),
according to attorneys from Lewis Roca Rothgerber Christie LLP.
"With respect to Intellectual Property protection, not much
change is expected in at least the next one to two years or
more," said Art Hasan, co-leader of the Intellectual Property
practice group at Lewis Roca Rothgerber Christie LLP.
It is not clear when the UK will formally initiate efforts to
exit the EU.
"Procedurally, when the UK officially notifies the EU of
its intention to leave, it must complete negotiations of the terms
of its exit in the following two years. During that time EU
legislation will remain in effect and no changes to any existing IP
legislation are expected," explained Anne Wang, managing
partner of the firm's Los Angeles office.
