Brexit – November Update: Client Trends And Wider Developments

Introduction

Now that the initial surprise has worn off since the outcome of the Brexit referendum (replaced with surprise at the outcome of the US election!), coupled with the UK Government's announcement that Article 50 will be triggered in March 2017, we have set out below an overview of the client trends and wider developments that we have seen since 23 June.

The recent decision of the UK High Court in the Article 50 ruling illustrates that there is still uncertainty as to how the UK will communicate its intention to leave the EU and if the stated preference to trigger Article 50 in March 2017 will be met. The High Court's decision is now under appeal and the final form Brexit will take is also, as yet, completely unclear.