What is it about?
What are the legal implications if a Member State of the European Union (EU) should decide to leave the EU? The article gives an answer to the requirements to be met in order to leave the EU. It further elaborates on standardized future scenarios by looking at existing relations of the EU with other countries. Thereby, it tries to anticipate the legal consequences of an exit in different legal areas as accurately as possible at this point in time.
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Why is it important?
By following the political developments one could find out which of the standardized scenarios for the future relationship with a former Member State turns out to be the most likely one. After that, the article should allow an as accurate as possible anticipation of the legal consequences of an exit from the EU in certain areas of law. These standardized scenarios could e.g. be used in order to amend existing contracts that are affected by an exit from the EU, even though the framework of the future relationship of a former Member State with the EU is still unclear.
Perspectives
I started to think about writing this article while working for a law firm. After it got clear that the United Kingdom (UK) intends to leave the EU we have tried to anticipate potential future relations between the EU and the UK in order to advise clients. The more research I did on the topic the more complex it turned out to be. While others said the topic would just be too complex at this point in time, I still decided to dig deeper for more specific information. The article turned out to be massive in pages. I am convinced it could really give additional input concerning specific questions in relation to an exit of a Member State from the EU. I would advise to focus on the relevant chapters in order to get the most out of the article within a reasonable time.
Julia Told
Universitat Wien
Read the Original
This page is a summary of: (BR)EXIT from the EU, European Company and Financial Law Review, October 2017, De Gruyter,
DOI: 10.1515/ecfr-2017-0025.
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