Clayton & McKervey presents Brexit and Cross Border Opportunities at special lunch and learn event on Nov. 12 at Automation Alley

Southfield, Mich.—Oct. 22, 2018—Clayton & McKervey, an international certified public accounting and business advisory firm located in metro Detroit, announces a lunch and learn titled ‘Brexit and Cross Border Opportunities’ on November 12, 2018 from 11:30 a.m. to 1:30 p.m. at Automation Alley in Troy. The event is designed for business owners expanding globally, as well as economic developers looking for deeper insights on trade and related international topics.

For the event, Clayton & McKervey will be partnering with PrimeGlobal, one of the five
largest associations of independent accounting firms in the world, comprised of approximately 300 successful independent public accounting firms, including Clayton & McKervey, in more than 80 countries. Clayton & McKervey President Rob Dutkiewicz is member of the North America board of directors of PrimeGlobal. International accounting professionals Ulrich Britting, Owner of Best Audit, Germany, and Robert Lissauer, Director Taxation & International Advisory at Hall Chadwick, Australia, both members of Prime Global who are visiting the U.S., will discuss the changing environment for cross border trade, with special attention on their home countries.

Global business topics planned for discussion include:
• Brexit—not just a UK issue
• Global market conditions
• Free trade agreements
• China dynamic
• Impact of U.S. tax changes

There is no charge for the event, but pre-registration is required and can be completed through the Clayton & McKervey website. Automation Alley is located at 2675 Bellingham, Troy, MI 48083

About Clayton & McKervey
Clayton & McKervey is a full-service certified public accounting and business advisory firm helping closely held businesses compete in the global marketplace. The firm is headquartered in metro Detroit and services clients throughout the world. To learn more, visit claytonmckervey.com.

Will Brexit Impact Michigan Business? Detroit Panel Says ‘Not So Fast’

For the first time since the United Kingdom voted to exit the European Union this past summer, experts with the Federal Reserve Bank of Chicago’s economic research department tackled key questions from the Southeast Michigan business community on the impact of Brexit in the United States during a panel discussion hosted by the Detroit Association for Business Economics’ (DABE) in September. Senior Vice President David Marshall and Vice President Hesna Gena cautioned from an economist’s standpoint, businesses should not be quick to panic. Read highlights from the discussion.

Brexit Broken Down:

  • In order to exit the Union, the United Kingdom needs to invoke Article 50 of the Lisbon Treaty. It will take two years to agree on the terms of the split. However, the United Kingdom won’t invoke Article 50 until 2017 when an outline of the agreement is in place.
  • Once invoked, the clock starts ticking and can’t be stopped unless unanimously voted on. This process could take at least eight to nine years.
  • What happens in the United Kingdom and the rest of the world depends on a final trade agreement, which has various options ranging from little change (least economically harmful) to many changes (most economically harmful).
  • Until a decision is reached on a trade agreement, there won’t be much impact on the economy in the short-term.
  • Much of the impact is likely to happen in the long-term – 10 to 15 years from now.
  • The biggest impact will happen between the United Kingdom and the European Union, due to their closely tied regions and economies.
  • For the United States, the direct impact of Brexit will be low. This is due to the United States’ relatively closed economy with very little trading with the European Union. Thus, the direct trade linkages are not big enough to have an impact on the United States.
  • Changes to the potential trade agreement will determine how it impacts the rest of the world. Thus, the bigger the change, the bigger the impact.

Brooks Kushman Shareholder Featured in Detroit Legal News

Brooks Kushman Shareholder William G. Abbatt is featured in Detroit Legal News’ July 8, 2016 article entitled “Ripple Effect: British Ex-Pat Attorney Looks at Impact of ‘Brexit’ on IP laws.”

The article discusses the potential fallout from the United Kingdom’s recent decision to separate from the European Union, how (if at all) the decision will influence changes in intellectual property (IP) laws and legal issues touching U.S. companies with an eye to the European market. One key issue for US-based IP professionals will be the effect of potential changes to the E.U.’s planned Unitary Patent and Unified Patent Court.

According to Abbatt, “Across the pond, the U.K. is one of the more economically significant territories. It has one of the most developed legal infrastructures. The U.K.’s absence from the E.U. may chill some enthusiasm for the Unitary Patent and Unified Patent Court.”

Abbatt’s practice involves all aspects of domestic and foreign patent prosecution. He regularly counsels inventors, small to medium sized businesses and corporations on the development and management of patent portfolios. Bill’s practice extends beyond traditional patent prosecution and includes patent litigation and licensing. He was recently appointed as a Technical Expert and Mediator in a patent infringement suit.