Americas: Brexit’s US lessons

Author: | Published: 11 Jul 2016

US counsel watching the fallout of Brexit may be stunned. They may not. Mainly, they'll be wondering what it all means for tomorrow. And so a frantic searching for clues begins, a somewhat sorry exercise in examining a set of seemingly withered British tealeaves.

And what a mess it is. But before the detailed legal studies are made, there are three broad conclusions to be drawn. Each will contribute to the analysis of legal minutiae that's certain now to come.

First, globalisation is not dead. Contrary to many commentators that foresee Brexit heralding its end, capital will still move across the globe with dizzying...