Thoughts On "Brexit" - The UK Exit From The European Union

I woke up Friday morning, June 24 in Dubrovnik, Croatia looking forward to a day of meetings and work sessions at the annual meeting of the European Communities Trademark Association (ECTA).

The news came on and I was surprised to hear that the vote on the referendum on whether the UK would remain a member of or leave the EU had been tabulated and that by a vote of 52-48% the UK voters had decided to exit the EU.

Prime Minister David Cameron and his wife appeared outside 10 Downing St. and announced to reporters that the vote was irreversible and that he would resign in approximately three months during which he would try to stabilize the stock market and the British economy.