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What does Brexit mean for South African Financial Services?

24 November 2016

What might Brexit, and the uncertainty that surrounds it, mean for South Africa's financial services sector? We explore potential knock-on effects for South Africa's financial services sector – especially in relation to South Africa's capital markets and currency.

Find out more here.

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Industries: Financial Institutions
Jurisdictions: Africa
Services: Financial Services

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In Conversation with David Ofusu-Dorte

9 November 2016

Our Africa Practice continues the 'In Conversation' series with David Ofuso-Dorte, Senior Partner at AB & David, on Brexit and its likely impact on Africa.

Find out more here.

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Jurisdictions: Africa

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The article 50 judgment - Brexit means a Brexit Bill

7 November 2016

By Telha Arshad and Oliver Travers, Hogan Lovells

In its judgment on 3 November (R (Miller and Dos Santos) v Secretary of State for Exiting the European Union), the Divisional Court emphatically found that the Government "does not have [the] power"—without Parliamentary say-so—to trigger the UK's withdrawal from the EU.

The judgment itself reflects the unique status of EU law in our domestic legal order.

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Jurisdictions: United Kingdom
Services: Administrative and Public Law, Government Relations and Policy Advocacy

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Brexit – Could the UK adopt Norway's model?

4 November 2016

By Charles Brasted and Scott Macpherson, Hogan Lovells 

What is the "Norway model"?

Norway is not a member of the EU, having voted against joining on two occasions. Its relationship with the EU has been vaunted as a possible model for a semi-detached UK; but what is that relationship? It is founded on Norway's participation in the European Economic Area (EEA) agreement with the EU, its various Member States, Iceland and Liechtenstein.  The UK could not adopt the Norway model unilaterally. It would have to accede to the EEA agreement, which would require the unanimous agreement of the other EEA members. 

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Jurisdictions: United Kingdom

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Five things you still need to know about Brexit

2 November 2016

By Jackie Newstead

1.  Has "Brexit" happened yet?

In short, no. The referendum was advisory only and the UK continues to be an EU member. In order to leave the EU, the UK must issue a formal notice of its intention to leave to the European Council (the so-called Article 50 procedure). The timing for triggering Article 50 is still under debate, but the UK government is currently in favour of conducting "informal" negotiations regarding the UK's post-Brexit relationship with the EU before formally triggering Article 50.

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Jurisdictions: United Kingdom