Brexit Becomes Reality

In a recent conversation with Risk Management, Winston & Strawn London Partner Ian Borman discussed Brexit’s current and future effects on businesses that primarily export goods in Europe.

“For businesses exporting most kinds of goods into Europe, the deal isn’t great,” Ian said. “But for those companies that are designing and manufacturing high-end sophisticated goods, such as microchips and software, or working in new industries such as fintech, the trade arrangements may be less prohibitive due to demand.”

While the deal will prove problematic for many business, he said, “The U.K. government is acutely aware that it needs to make Brexit a success, so it is going to look at ways of making the country an attractive place for foreign direct investment.”

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