What 'Brexit' Means for Cross-Border Dealmaking and Merger Filings
A U.K. exit from the European Union would be bad for investment and mean more paperwork and costs for companies getting deals vetted by antitrust watchdogs.
Alec Burnside, Brussels managing partner with Cadwalader, Wickersham & Taft, said in an interview that a U.K. exit from the European Union would be bad for investment and mean more paperwork and costs for companies getting deals vetted by antitrust watchdogs. While merging companies currently benefit from the EU's 'one-stop shop' for merger reviews in Brussels, Brexit would mean also having to file paperwork in London as well, adding to the already "many many notifications around the globe." He also notes that in a post-Brexit world, there will no longer be any British input into the competition policy that the European Commission develops and applies.
