Initial Thoughts on Brexit for U.S. Reporting Companies

SUMMARY by Cam C. Hoang.

Britain’s vote to exit the European Union (Brexit), is an alarm here, there, and everywhere of solidifying popular and national anxiety, of a conviction that free trade and globalization are not tides that lift all boats, that these forces have long threatened ways of life in places like the mill towns of Northern England and the Rust Belt in Middle America. While it is too early to gauge the full impact in the midst of the hype, and Britain may ultimately negotiate separate trade agreements with each European Union member, there are more immediate uncertainties that US reporting companies with operations in the United Kingdom and the European Union should be prepared to address in upcoming disclosure.

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