Brexit is expected to have a significant impact on multinationals doing business in and with Europe and the United Kingdom. From the impact on tariffs and customs to changes in manufacturing processes, we’re exploring what affect the United Kingdom’s decision to leave the European Union will have on multinational businesses.

Joining me today to share his insight on what led to the current state of affairs in the European Union is Oliver Heinisch, a partner in the Antitrust and Competition Practice Group in the firm's London office. Oliver advises on all areas of EU, UK and German competition law with a focus on international cartel and abuse of dominance procedures including related antitrust litigation matters as well as merger control law. He also regularly advises clients on questions relating to the UK’s decision to leave the European Union.

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What We Discuss in this Episode:

How did the European Union come to exist?

What economic benefits did the European Union provide by bringing together the 28 member states?

How does a nation become a member of the European Union?

What are the benefits and detriments of being a European Union member state?

The financial struggles that occurred in Greece and how that affected the European Union

What events led to the vote for United Kingdom to exit the European Union?

How united was the United Kingdom’s decision to leave the European Union?

Could Scotland break apart from the United Kingdom in order to remain a member of the European Union?

What does the United Kingdom have to do during the 2-year exit process to ensure a smooth break?

What are the 3 biggest sticking points in the negotiations and the attempt of United Kingdom’s peaceful departure from the European Union?

With the United Kingdom leaving the European Union, what effect will that have on tariffs, trade, customs checks, and manufacturing processes?

How will jobs be affected?

What is the Chequers Brexit Plan and what does the United Kingdom propose in this plan?

Resources:

Article 50 of the Lisbon Treaty

Good Friday Agreement