Keep Calm and Prepare Now for Eventual Brexit

16 August 2016 Publication
Authors: Peter Vogel

Westlaw Journal

Despite the uncertain effects of Britain's impending exit from the European Union Brexit, U.S. companies collecting data about EU and U.K. residents should still update their privacy policies to make sure they comply with the newly enacted EU-U.S. Privacy Shield, say Gardere Wynne Sewell LLP attorneys Peter S. Vogel and Eric Levy.

The United Kingdom on June 23 decided to leave the European Union, in a historic vote that has had a number of unintended consequences.

The short-term effects of this decision were also felt globally -- U.K. stock prices fell, the pound dropped to its lowest level since 1985, and companies in both the U.S. and abroad instantly began to wonder what other consequences Brexit may have for businesses in the international marketplace.

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