Spain/Portugal: Opportunity Knocks

Brexit could have a damaging effect on the Iberian economies and the future looks very uncertain – however, it also presents opportunities for Spanish and Portuguese law firms as well as potentially making Iberia a more attractive business base.

Well, it actually happened. Despite many thinking it would never come to pass, the British public have indeed voted to leave the European Union. So, as the full implications of the result of the UK's referendum continue to sink in nearly two months later, where does this leave us?

Unfortunately, there is no easy answer to that question. It seems that Europe has entered what could be an extended period of uncertainty, which could potentially last as much as 10 years, according to some observers. The bad news is investors hate uncertainty, but as one partner at a "magic circle" firm commented in the aftermath of the referendum: "Uncertainty creates a market for lawyers." In addition, there is an even bigger opportunity for