Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

The Business of Brexit: How Will You Be Impacted?

3,141 views

Published on

The U.K. has voted to leave the European Union. And while Brexit likely won't happen for at least two years, organizations around the world are anxiously wondering what it will mean for their business.

To address these questions in a Canadian context, Gowling WLG recently offered a series of Brexit seminars in our offices across Canada, titled “The Business of Brexit: How will you be impacted?”

With over 1,400 legal professionals in 18 cities worldwide — including across Canada, the U.K. and Europe — Gowling WLG is uniquely positioned to help clients navigate the challenges that Brexit may present.

Led by Gowling WLG’s Brexit experts, this on-demand seminar focuses on:

The process for the U.K. to withdraw from the EU
How the U.K. legal landscape may change
The potential impact of Brexit on Canadian businesses and key global industry sectors.

Published in: Law
  • Best survey site online! $1,500 a month thanks to you guys! Without a doubt the best paid surveys site online!I have made money from other survey sites but made double or triple with GoldOpinions.com for the same time and effort. The variety and number of daily paid surveys I get from them is unmatched. A must for anyone looking for extra cash or a full time income. ■■■ http://t.cn/AieX2Loq
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • DOWNLOAD THIS BOOKS INTO AVAILABLE FORMAT (2019 Update) ......................................................................................................................... ......................................................................................................................... Download Full PDF EBOOK here { https://soo.gd/irt2 } ......................................................................................................................... Download Full EPUB Ebook here { https://soo.gd/irt2 } ......................................................................................................................... Download Full doc Ebook here { https://soo.gd/irt2 } ......................................................................................................................... Download PDF EBOOK here { https://soo.gd/irt2 } ......................................................................................................................... Download EPUB Ebook here { https://soo.gd/irt2 } ......................................................................................................................... Download doc Ebook here { https://soo.gd/irt2 } ......................................................................................................................... ......................................................................................................................... ................................................................................................................................... eBook is an electronic version of a traditional print book THIS can be read by using a personal computer or by using an eBook reader. (An eBook reader can be a software application for use on a computer such as Microsoft's free Reader application, or a book-sized computer THIS is used solely as a reading device such as Nuvomedia's Rocket eBook.) Users can purchase an eBook on diskette or CD, but the most popular method of getting an eBook is to purchase a downloadable file of the eBook (or other reading material) from a Web site (such as Barnes and Noble) to be read from the user's computer or reading device. Generally, an eBook can be downloaded in five minutes or less ......................................................................................................................... .............. Browse by Genre Available eBooks .............................................................................................................................. Art, Biography, Business, Chick Lit, Children's, Christian, Classics, Comics, Contemporary, Cookbooks, Manga, Memoir, Music, Mystery, Non Fiction, Paranormal, Philosophy, Poetry, Psychology, Religion, Romance, Science, Science Fiction, Self Help, Suspense, Spirituality, Sports, Thriller, Travel, Young Adult, Crime, Ebooks, Fantasy, Fiction, Graphic Novels, Historical Fiction, History, Horror, Humor And Comedy, ......................................................................................................................... ......................................................................................................................... .....BEST SELLER FOR EBOOK RECOMMEND............................................................. ......................................................................................................................... Blowout: Corrupted Democracy, Rogue State Russia, and the Richest, Most Destructive Industry on Earth,-- The Ride of a Lifetime: Lessons Learned from 15 Years as CEO of the Walt Disney Company,-- Call Sign Chaos: Learning to Lead,-- StrengthsFinder 2.0,-- Stillness Is the Key,-- She Said: Breaking the Sexual Harassment Story THIS Helped Ignite a Movement,-- Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones,-- Everything Is Figureoutable,-- What It Takes: Lessons in the Pursuit of Excellence,-- Rich Dad Poor Dad: What the Rich Teach Their Kids About Money THIS the Poor and Middle Class Do Not!,-- The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness,-- Shut Up and Listen!: Hard Business Truths THIS Will Help You Succeed, ......................................................................................................................... .........................................................................................................................
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • DOWNLOAD THIS BOOKS INTO AVAILABLE FORMAT (2019 Update) ......................................................................................................................... ......................................................................................................................... Download Full PDF EBOOK here { https://soo.gd/irt2 } ......................................................................................................................... Download Full EPUB Ebook here { https://soo.gd/irt2 } ......................................................................................................................... Download Full doc Ebook here { https://soo.gd/irt2 } ......................................................................................................................... Download PDF EBOOK here { https://soo.gd/irt2 } ......................................................................................................................... Download EPUB Ebook here { https://soo.gd/irt2 } ......................................................................................................................... Download doc Ebook here { https://soo.gd/irt2 } ......................................................................................................................... ......................................................................................................................... ................................................................................................................................... eBook is an electronic version of a traditional print book THIS can be read by using a personal computer or by using an eBook reader. (An eBook reader can be a software application for use on a computer such as Microsoft's free Reader application, or a book-sized computer THIS is used solely as a reading device such as Nuvomedia's Rocket eBook.) Users can purchase an eBook on diskette or CD, but the most popular method of getting an eBook is to purchase a downloadable file of the eBook (or other reading material) from a Web site (such as Barnes and Noble) to be read from the user's computer or reading device. Generally, an eBook can be downloaded in five minutes or less ......................................................................................................................... .............. Browse by Genre Available eBooks .............................................................................................................................. Art, Biography, Business, Chick Lit, Children's, Christian, Classics, Comics, Contemporary, Cookbooks, Manga, Memoir, Music, Mystery, Non Fiction, Paranormal, Philosophy, Poetry, Psychology, Religion, Romance, Science, Science Fiction, Self Help, Suspense, Spirituality, Sports, Thriller, Travel, Young Adult, Crime, Ebooks, Fantasy, Fiction, Graphic Novels, Historical Fiction, History, Horror, Humor And Comedy, ......................................................................................................................... ......................................................................................................................... .....BEST SELLER FOR EBOOK RECOMMEND............................................................. ......................................................................................................................... Blowout: Corrupted Democracy, Rogue State Russia, and the Richest, Most Destructive Industry on Earth,-- The Ride of a Lifetime: Lessons Learned from 15 Years as CEO of the Walt Disney Company,-- Call Sign Chaos: Learning to Lead,-- StrengthsFinder 2.0,-- Stillness Is the Key,-- She Said: Breaking the Sexual Harassment Story THIS Helped Ignite a Movement,-- Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones,-- Everything Is Figureoutable,-- What It Takes: Lessons in the Pursuit of Excellence,-- Rich Dad Poor Dad: What the Rich Teach Their Kids About Money THIS the Poor and Middle Class Do Not!,-- The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness,-- Shut Up and Listen!: Hard Business Truths THIS Will Help You Succeed, ......................................................................................................................... .........................................................................................................................
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • DOWNLOAD THAT BOOKS INTO AVAILABLE FORMAT (2019 Update) ......................................................................................................................... ......................................................................................................................... Download Full PDF EBOOK here { http://bit.ly/2m77EgH } ......................................................................................................................... Download Full EPUB Ebook here { http://bit.ly/2m77EgH } ......................................................................................................................... Download Full doc Ebook here { http://bit.ly/2m77EgH } ......................................................................................................................... Download PDF EBOOK here { http://bit.ly/2m77EgH } ......................................................................................................................... Download EPUB Ebook here { http://bit.ly/2m77EgH } ......................................................................................................................... Download doc Ebook here { http://bit.ly/2m77EgH } ......................................................................................................................... ......................................................................................................................... ................................................................................................................................... eBook is an electronic version of a traditional print book that can be read by using a personal computer or by using an eBook reader. (An eBook reader can be a software application for use on a computer such as Microsoft's free Reader application, or a book-sized computer that is used solely as a reading device such as Nuvomedia's Rocket eBook.) Users can purchase an eBook on diskette or CD, but the most popular method of getting an eBook is to purchase a downloadable file of the eBook (or other reading material) from a Web site (such as Barnes and Noble) to be read from the user's computer or reading device. Generally, an eBook can be downloaded in five minutes or less ......................................................................................................................... .............. Browse by Genre Available eBooks .............................................................................................................................. Art, Biography, Business, Chick Lit, Children's, Christian, Classics, Comics, Contemporary, Cookbooks, Manga, Memoir, Music, Mystery, Non Fiction, Paranormal, Philosophy, Poetry, Psychology, Religion, Romance, Science, Science Fiction, Self Help, Suspense, Spirituality, Sports, Thriller, Travel, Young Adult, Crime, Ebooks, Fantasy, Fiction, Graphic Novels, Historical Fiction, History, Horror, Humor And Comedy, ......................................................................................................................... ......................................................................................................................... .....BEST SELLER FOR EBOOK RECOMMEND............................................................. ......................................................................................................................... Blowout: Corrupted Democracy, Rogue State Russia, and the Richest, Most Destructive Industry on Earth,-- The Ride of a Lifetime: Lessons Learned from 15 Years as CEO of the Walt Disney Company,-- Call Sign Chaos: Learning to Lead,-- StrengthsFinder 2.0,-- Stillness Is the Key,-- She Said: Breaking the Sexual Harassment Story That Helped Ignite a Movement,-- Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones,-- Everything Is Figureoutable,-- What It Takes: Lessons in the Pursuit of Excellence,-- Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!,-- The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness,-- Shut Up and Listen!: Hard Business Truths that Will Help You Succeed, ......................................................................................................................... .........................................................................................................................
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • DOWNLOAD FULL BOOKS, INTO AVAILABLE FORMAT ......................................................................................................................... ......................................................................................................................... 1.DOWNLOAD FULL. PDF EBOOK here { https://tinyurl.com/y8nn3gmc } ......................................................................................................................... 1.DOWNLOAD FULL. EPUB Ebook here { https://tinyurl.com/y8nn3gmc } ......................................................................................................................... 1.DOWNLOAD FULL. doc Ebook here { https://tinyurl.com/y8nn3gmc } ......................................................................................................................... 1.DOWNLOAD FULL. PDF EBOOK here { https://tinyurl.com/y8nn3gmc } ......................................................................................................................... 1.DOWNLOAD FULL. EPUB Ebook here { https://tinyurl.com/y8nn3gmc } ......................................................................................................................... 1.DOWNLOAD FULL. doc Ebook here { https://tinyurl.com/y8nn3gmc } ......................................................................................................................... ......................................................................................................................... ......................................................................................................................... .............. Browse by Genre Available eBooks ......................................................................................................................... Art, Biography, Business, Chick Lit, Children's, Christian, Classics, Comics, Contemporary, Cookbooks, Crime, Ebooks, Fantasy, Fiction, Graphic Novels, Historical Fiction, History, Horror, Humor And Comedy, Manga, Memoir, Music, Mystery, Non Fiction, Paranormal, Philosophy, Poetry, Psychology, Religion, Romance, Science, Science Fiction, Self Help, Suspense, Spirituality, Sports, Thriller, Travel, Young Adult,
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here

The Business of Brexit: How Will You Be Impacted?

  1. 1. BREXIT THE IMPACT ON CANADIAN BUSINESSES
  2. 2. 2 Brexit: The Impact on Canadian Businesses OUTLINE “ ” Because the world changed again today.
  3. 3. 3 Topic Background and context How does the UK leave the EU? The post-Brexit UK/EU relationship What should Canadian businesses focus on? Comprehensive Economic and Trade Agreement (CETA) Brexit’s impact on intellectual property rights How can we help? Brexit: The Impact on Canadian Businesses OUTLINE
  4. 4. BACKGROUND AND CONTEXT Brexit: The Impact on Canadian Businesses
  5. 5. 5 Brexit: The Impact on Canadian Businesses WHAT HAPPENED ON JUNE 23rd?
  6. 6. 6 Brexit: The Impact on Canadian Businesses WHAT IS THE CURRENT STATE OF POLITICAL LEADERSHIP IN THE UK?
  7. 7. 7 Brexit: The Impact on Canadian Businesses WHAT IS THE CURRENT STATE OF POLITICAL LEADERSHIP IN THE UK? • Changing of senior political leadership in Britain o Conservatives: New leader and Prime Minister is Theresa May. She was sworn in July 13, 2016 o Labour: Jeremy Corbyn’s leadership will be challenged by Angela Eagle and Owen Smith, both Labour MPs o UKIP: Nigel Farage has resigned; succession process unclear
  8. 8. HOW DOES THE UK LEAVE THE EU? 8 Brexit: The Impact on Canadian Businesses
  9. 9. 9 Brexit: The Impact on Canadian Businesses • The UK cannot be forced out • Article 50 notice o The mechanics HOW DOES THE UK LEAVE THE EU?
  10. 10. 10 Brexit: The Impact on Canadian Businesses • Article 50 notice triggers a two year period for the UK’s withdrawal from the EU Negotiations between the UK and EU to agree on the terms of withdrawal within the two year notice period. Any agreement must be approved by: HOW DOES THE UK LEAVE THE EU?  UK: Parliament  European Council  20 EU Countries (65% of population)  EU Parliament
  11. 11. 11 Brexit: The Impact on Canadian Businesses • Post notice options: o Negotiated withdrawal agreement o Extension of the notice period o No withdrawal agreement and no extension: EU treaties cease to apply to the UK HOW DOES THE UK LEAVE THE EU?
  12. 12. THE TIMING OF THE ARTICLE 50 NOTICE? 12 Brexit: The Impact on Canadian Businesses • PM May quoted as saying “Brexit means Brexit” • Both PM May and Minister Davis quoted as saying Article 50 notice should be given by end of the year • Some suggestion and speculation that the UK will seek to negotiate its exit terms with the EU before delivering the Article 50 notice but early response from the EU is that there will be no negotiations until the Article 50 notice is delivered (Donald Tusk, Pres. of the EU Council, June 29, 2016)
  13. 13. WHAT COULD A POST-BREXIT UK/EU RELATIONSHIP LOOK LIKE? Brexit: The Impact on Canadian Businesses
  14. 14. 14 Brexit: The Impact on Canadian Businesses • A WTO/free trade model o Most significant break from the EU o Payment of tariffs o With a free trade agreement, no tariffs but still regulatory compliance • A customs union (Turkey) o Tariff-free access to the EU for goods; agreement to levy tariffs in common with the EU on goods from outside the customs union o Requirement that UK law track EU law in certain areas – intellectual property and competition o Would not apply to services WHAT COULD A POST-BREXIT UK/EU RELATIONSHIP LOOK LIKE?
  15. 15. 15 Brexit: The Impact on Canadian Businesses • European Free Trade Association (“EFTA”) WHAT COULD A POST-BREXIT UK/EU RELATIONSHIP LOOK LIKE? o Iceland, Liechtenstein, Norway and Switzerland o EFTA does not have an agreement with the EU o Switzerland has multiple (120) bilateral agreements with the EU o Iceland, Liechtenstein and Norway are members of the European Economic Area Agreement (“EEA”), which has an agreement with the EU
  16. 16. 16 Brexit: The Impact on Canadian Businesses • European Economic Area Agreement (“EEA”) o The EEA agreement with the EU allows Iceland, Liechtenstein and Norway to participate fully in the EU as the EEA embraces the four freedoms and related areas; requires contribution to the EU budget o Countries are bound by the EFTA court, which was set up to enforce adherence to the EEA Agreement and therefore EU law o In practice, if the UK joined the EEA by becoming a member of EFTA, it would be subject to most EU laws, including those related to freedom of movement – therefore, is this a realistic option? WHAT COULD A POST-BREXIT UK/EU RELATIONSHIP LOOK LIKE?
  17. 17. WHAT SHOULD BUSINESSES FOCUS ON DURING THIS PERIOD OF UNCERTAINTY? Brexit: The Impact on Canadian Businesses
  18. 18. KEY CONSIDERATIONS 18 Brexit: The Impact on Canadian Businesses • Brexit has resulted in uncertainty that presents challenges for companies in four key areas: 1. Decision-making 2. Immediate economic impacts 3. Consequences resulting from the UK’s exit from the EU 4. Dual regulation
  19. 19. DECISION-MAKING 19 Brexit: The Impact on Canadian Businesses • Companies may be required to make decisions based on incomplete information • Important to set up a process to make the best decision: 1. Collect all available information 2. Conduct a detailed risk assessment 3. Consult with professional advisors
  20. 20. ECONOMIC UNCERTAINTY 20 Brexit: The Impact on Canadian Businesses • If you have operations in the UK, or if you do business in the UK, consider the impact of: o A weakened pound for a prolonged period of time o A slowdown in the UK economy; some are predicting recession in late 2016/early 2017 o The Governor of the Bank of England has already hinted at interest rate decreases, and the availability of additional stimulus o An uncertain near and mid-term economic outlook with consequent volatility and general weakening in the financial markets
  21. 21. ECONOMIC UNCERTAINTY 21 Brexit: The Impact on Canadian Businesses • What are the potential legal and commercial impacts of such uncertainty on your business? o How do swings in the exchange rate affect your business? o Is there any threat to access to capital for your business – will credit tighten as lenders assess higher levels of risk? o Are there any pending transactions that need to be reassessed in light of the changed economic environment in the UK? Is there an opportunity to escape an undesirable contract or commitment? o Is there any solvency risk to your supply chain or customer base? o Should existing commercial contracts be reviewed to ensure that these new risks are adequately addressed in those contracts? o Is your business positioned to capitalize on new opportunities that may present themselves?
  22. 22. 22 Brexit: The Impact on Canadian Businesses • No legal changes yet • The UK’s withdrawal from the EU is going to bring legislative and regulatory change • The degree of change will be determined over the course of the post-Article 50 notice negotiations • Scope and severity of change will depend on exit model LEGISLATIVE & REGULATORY UNCERTAINTY
  23. 23. 23 Brexit: The Impact on Canadian Businesses LEGISLATIVE & REGULATORY UNCERTAINTY Capital People FOUR FREEDOMS: Goods Services
  24. 24. 24 Brexit: The Impact on Canadian Businesses • Will your business be impacted should the fundamental pillars of the EU no longer apply to the UK? • Key employees? • The ability to sell goods and services throughout the EU? • Does your business need to consider establishing a subsidiary in the EU so it is prepared to access EU markets? • If you do business with UK companies that is predicated on access to the EU through the UK, then do you need to consider: – New options for your contractual arrangements – New European arrangements in order to address customs and duties that may be imposed on goods and services flowing from the UK into the EU CONSEQUENCES OF FORMAL DEPARTURE
  25. 25. 25 Brexit: The Impact on Canadian Businesses • Many UK statutes and regulations are harmonious with existing EU regimes. Will these change, and if so, how? LEGISLATIVE & REGULATORY UNCERTAINTY Life Sciences Data Protection Antitrust/ Competition Sector Regulations Employment Consumer Protection & Product Safety Commercial Agents Protection Late Payment Protection
  26. 26. WHAT BREXIT MEANS FOR THE COMPREHENSIVE ECONOMIC AND TRADE AGREEMENT (CETA) Brexit: The Impact on Canadian Businesses
  27. 27. 27 Brexit: The Impact on Canadian Businesses CETA • Negotiations commenced in 2009. In 2016, the text of the final agreement was published • 3-Step EU ratification process o European Council - Fall 2016 o European Parliament - Fall 2016/Spring 2017 o EU member State Parliaments - 2017 • Considerable uncertainty about how Brexit will mesh with the CETA ratification process
  28. 28. • If CETA is signed before the UK leaves the EU, what are the potential options? 1. UK is cut out of CETA and has to negotiate its own agreement with Canada 2. UK joins the EEA and adopts the EU single market legislation including CETA 3. Bilateral UK – EU agreement signed directly between the parties, which could include rights under CETA 28 Brexit: The Impact on Canadian Businesses CETA
  29. 29. • Background and context o Broader in scope than NAFTA o EU is Canada’s second largest trading and investment partner – the US is the largest o EU economy at $18 trillion is the world’s largest, US is the second largest o EU imported $2.3 trillion in goods from around the world; Canada’s total GDP was $1.9 trillion (all 2013 data) 29 Brexit: The Impact on Canadian Businesses OUTLINE OF CETA
  30. 30. • Impact o Addresses goods, services and investment o Goods: on full ratification of CETA, 98% of EU product tariffs will not apply to Canadian goods, i.e. Canadian goods will enter the EU duty-free  100% of non-agricultural products will be duty- free; 94% of agricultural products 30 Brexit: The Impact on Canadian Businesses OUTLINE OF CETA
  31. 31. • Impact o Services: the services sector accounted for 70% of Canada’s GDP in 2013 (largest sector)  CETA will eliminate or reduce barriers to the service industry, such as citizenship/residency requirements, temporary entry restrictions, and ownership and investment constraints 31 Brexit: The Impact on Canadian Businesses OUTLINE OF CETA
  32. 32. • Impact o Investment: EU is the second-largest source of foreign direct investment (FDI) in Canada ($191 billion/28% of FDI in Canada) and the second-largest destination for Canadian foreign direct investment ($187 billion/24% of Canadian FDI abroad)  CETA designed to encourage EU companies to invest in Canada to gain preferential access via NAFTA to the US  Non-EU companies can invest in Canada to gain preferential access to US (NAFTA) and the EU (CETA) 32 Brexit: The Impact on Canadian Businesses OUTLINE OF CETA
  33. 33. WHAT BREXIT MEANS FOR INTELLECTUAL PROPERTY Brexit: The Impact on Canadian Businesses
  34. 34. • Types of IP rights: o Patents o Trademarks o Copyright • Managing your IP rights: o Contractual considerations 34 Brexit: The Impact on Canadian Businesses OVERVIEW
  35. 35. 35 Brexit: The Impact on Canadian Businesses WHAT IS A PATENT? • Exclusive right to make, use and sell an invention • An invention is something with utility, that achieves a result (e.g. a new pharmaceutical, a better mousetrap etc.) • Patents are granted for inventions that are new and non-obvious • Patents can be obtained for entirely new inventions as well as for improvements to existing technologies PATENTS
  36. 36. 36 Brexit: The Impact on Canadian Businesses A TRADEMARK (IS NOT A PATENT) TRADEMARKS • A trademark is a word, slogan, logo etc. that identifies for consumers the source of a good or service they buy (e.g. STARBUCKS coffee) • A registered trademark is obtained for particular goods/services (or particular classes of goods/services) • Registered trademark’s owner can prevent others from using a confusingly similar trademark for the same or similar goods/services
  37. 37. 37 Brexit: The Impact on Canadian Businesses COPYRIGHT A COPYRIGHT (IS NOT A PATENT OR A TRADEMARK) • Generally, the exclusive right to reproduce, publish or publicly perform an original musical, literary, artistic or dramatic work • Software/source code are protected (in Canada they are considered a literary work) • Also applies to other subject matter (performers performances, sound recordings, broadcast signals, etc.) • Copyright owner can prevent others from reproducing etc. all or a substantial part of their work, unless a defence applies (e.g. fair dealing for research or criticism etc.)
  38. 38. 38 Brexit: The Impact on Canadian Businesses HOW TO OBTAIN NATIONAL IP RIGHTS HOW ARE NATIONAL IP RIGHTS OBTAINED? 1. Country by country in national IP offices
  39. 39. 39 Brexit: The Impact on Canadian Businesses HOW TO OBTAIN NATIONAL IP RIGHTS HOW ARE NATIONAL IP RIGHTS OBTAINED? 1. Country by country in national IP offices 2. International treaties/conventions (independent of the EU) allow single initial application to lead (more cost effectively) to multiple country specific registrations in treaty/convention members
  40. 40. 40 Brexit: The Impact on Canadian Businesses HOW TO OBTAIN NATIONAL IP RIGHTS HOW ARE NATIONAL IP RIGHTS OBTAINED? 1. Country by country in national IP offices 2. International treaties/conventions (independent of the EU) allow single initial application to lead (more cost effectively) to multiple country specific registrations in treaty/convention members 3. Unitary Patent System/European Union Trademark Single application – single registration enforceable across all member states (affected by Brexit)
  41. 41. 41 Brexit: The Impact on Canadian Businesses HOW ARE NATIONAL IP RIGHTS OBTAINED? • Country by country o Local national filings o File an application with a national Intellectual Property Office (can be done for all IP rights) o Rights granted, enforced only in that country o IP rights granted in this way by the UK’s IP Office are not affected by Brexit
  42. 42. 42 Brexit: The Impact on Canadian Businesses HOW ARE NATIONAL IP RIGHTS OBTAINED? • Treaties/conventions (More efficient, but still country by country) o Patents: Patent Cooperation Treaty, European Patent Convention o Trademarks: Madrid Protocol o Copyrights: Berne Convention and other treaties o Separate copyrights arise automatically in every country (limited exceptions) upon a work’s creation (without the need to register) o These treaties/conventions are independent of the European Union o IP rights granted (or recognized) in this manner in the UK are not affected by Brexit
  43. 43. 43 Brexit: The Impact on Canadian Businesses HOW ARE NATIONAL IP RIGHTS OBTAINED? • “Unitary” systems are affected by Brexit • Allow an IP owner to file a single application that results in a single IP registration that is automatically enforceable across all member states • System does not exist for copyright registrations • System exists in EU for trademarks: “European Union Trademark” • System is proposed for EU patents: “Unitary Patent System”
  44. 44. Direct Filing in UK Trademarks filed in UK under Madrid Protocol 44 Brexit: The Impact on Canadian Businesses UK TRADEMARK ROUTES AFFECTED BY BREXITUNAFFECTED BY BREXIT “Unitary” European Union Trademark BREXIT
  45. 45. o Until Brexit is effective, a “European Union Trademark” is valid and enforceable in the UK (and throughout the EU) o Once the UK ceases to be a member of the EU, the “EU trademark” will no longer extend to the UK 45 Brexit: The Impact on Canadian Businesses EUROPEAN UNION TRADEMARK
  46. 46. o What happens next? o Possible that UK will adopt a mechanism to convert an existing “EU trademark” registration into a UK trademark registration o Also possible that trademark owners will need to file new UK- specific application for their mark • Your professional advisor can develop the optimum strategy for you 46 Brexit: The Impact on Canadian Businesses EUROPEAN UNION TRADEMARK
  47. 47. Direct Filing in UK Patent Cooperation Treaty Filing Designating/ Electing UK European Patent Convention Designating UK 47 Brexit: The Impact on Canadian Businesses UK PATENT ROUTES AFFECTED BY BREXITUNAFFECTED BY BREXIT Unitary Patent Unified Patent Court BREXIT
  48. 48. • Copyright law will not be directly affected by Brexit • Future EU directives on copyright law may not be implemented by the UK after Brexit 48 Brexit: The Impact on Canadian Businesses COPYRIGHT
  49. 49. • IP rights pertain to many contracts o Licences o Settlement agreements o Co-existence agreements o Joint venture agreements 49 Brexit: The Impact on Canadian Businesses CONTRACTUAL CONSIDERATIONS
  50. 50. • Existing contracts • If they cover the EU as a defined territory, review to consider whether/how they are affected 50 Brexit: The Impact on Canadian Businesses CONTRACTUAL CONSIDERATIONS
  51. 51. • Future contracts Draft them to accommodate the extraction of the UK (and perhaps other countries in the future) from the EU without a need to re-open the contractual terms. This may be problematic with existing agreements. 51 Brexit: The Impact on Canadian Businesses CONTRACTUAL CONSIDERATIONS
  52. 52. HOW CAN GOWLING WLG ASSIST? Brexit: The Impact on Canadian Businesses
  53. 53. Brexit: The Impact on Canadian Businesses • Consider what issues you may face in your business • Go to our website and access our “Brexit Untangled” page • Contact the appropriate expert to assist you HOW CAN GOWLING WLG ASSIST?
  54. 54. 54 Brexit: The Impact on Canadian Businesses • Visit our Brexit Untangled page – continually updated with the latest information on the impact of Brexit HOW CAN GOWLING WLG ASSIST?

×