Here is my take on this:
Firstly, ask the "legal team" to explain to you what a cookie is, and how that law protects users. Remind the "legal team" that the out-of-touch "politicians" who made that "law" didn't actually understand what a cookie is either, what a cookie shares around, and therefore didn't understand how futile their "law" would be at protecting anything/anyone's privacy whatsoever.
Secondly, show the "legal team" this: http://arstechnica.com/tech-policy/2016/07/tech-industry-gangs-up-on-european-commission-calls-for-cookie-law-to-be-scrapped/ and imply to them that this "law" is not going to stick for much longer, mostly because of the first reason mentioned above [incompetatant polititions].
Finally, you are fine to ignore it if you are outside the EU. They are not going to do anything anyways. But to comply is very easy -- as in you don't have to make a fancy popup (that ironically uses cookies) or actually get a users consent. All you have to do is add "By using this site you agree to our cookie policy" as a link to your privacy policy/terms with a basic cookie audit in those docs. Put this in the footer of your site(s) beside the copyright. Just like any other types of terms, by using the service they agree to the service. If they do not agree, they are violating your terms and must discontinue use of the service.
A link takes like 10 seconds to implement and it's buried way below the fold. No one cares anyways, and the only reason they click "I agree" on popups/bars is to get it out of their face [viewport]. Better to convert (+$$)
then to annoy visitors (-$$)
. Legal teams, spending time/cash, and annoying visitors means this: (---$$)
which is surely what your company doesn't want to do.