In a June 23, 2016 referendum, the combined electorates of the United Kingdom and Gibraltar voted in favor of the United Kingdom, and consequently Gibraltar, leaving the European Union (EU).
According to Article 50 of the European Union Treaty, the United Kingdom will leave the EU two years after formal notice to leave is given unless this term is extended by unanimous agreement of all EU members, as happened in the only previous withdrawal from the EU by Greenland.
The British Prime Minister, David Cameron, has previously stated that if the result of the referendum was to leave, notice to the EU would be given promptly. However, he has resigned, effective September 2016.
Read our Education Center article on the impact of a Brexit on intellectual property rights.