CHARLOTTE, N.C.—Womble Carlyle attorney Jeff Hay took part in a panel discussion on “A Swing in the Pendulum: Election 2016 & Brexit, Why Are They Similar?” The discussion was sponsored by the British-American Business Council (BABC) of North Carolina and took place Feb. 9th in Charlotte.
In August, the BABC hosted a Brexit panel to discuss the implications of the June 2016 referendum in the UK. The Feb. 9th event followed up that program with an update on the next phase, the triggering of Article 50, expected to take place in March. Panelists also discussed the outcome of the US Election, and how the result mimicked what took place in the UK last June. As these two, major political changes take place, how will they intersect and impact businesses? Will new leadership and policies help or hinder the progress of globalization?
Some of the topics covered included:
- Unifying two deeply divided nations;
- Borders and freedom of movement;
- Anglo/American Free Trade Agreement;
- Supreme Court rulings and legal implications;
- Cyber-risks and security;
- Economic shifts;
- Financial busts and booms; and
- Taxation, tariffs and changes in regulation.
The panelists focused on political, economic and financial, legal, accounting and taxation, and business issues, specifically, the major issues impacting bilateral trade, investment and policy between the US the UK and Europe.
Joining Hay on the panel were PNC Financial Services Group Senior International Economist Bill Adams, Queens University Professor Dr. Mark Kelso, BDO Audit and Assurance Senior Manager Andrew Moore, and Andrew Terrell, the UK Consul for Government and Prosperity and the head of the new UK Government Office in Raleigh. Mark Walker of Walker and Associates moderated the discussion.
Jeff Hay is Womble Carlyle’s Global Business Group Leader, and serves on the leadership group of the Bond Dickinson–Womble Carlyle Alliance. His multidisciplinary practice includes addressing the varied needs of middle market corporate clients, and he regularly represents international clients with respect to their US legal needs.