Without an intervening event, the UK will withdraw from the EU at 11pm on 29 March 2019. Otherwise much remains unknown. The negotiated withdrawal deal comprising a legally binding Withdrawal Agreement and non-binding Political Declaration is facing significant opposition in the UK and will not be submitted for parliamentary approval until next week. Without a deal in place a “no deal” Brexit in which the UK leaves the EU abruptly, with no transition period, becomes an increasing possibility. Against this background, businesses are implementing strategies to cope with whatever is coming.
We have updated our online Brexit Legal Guide to take into account the latest developments and to explain the anticipated impact of Brexit in various practice and sector areas depending on whether the negotiated withdrawal deal is accepted or there is a “no deal” Brexit. This includes updates to the following sections Trade: The New Relationships, Antitrust, Merger Control and State Aid, Aviation, Capital Markets, Contract, Corporate Law, Data Protection, Disputes, Employment, Intellectual Property, Migration, Finance, Pensions, Tax, Telecoms and Media.
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The contents of this publication, current at the date of publication set out above, are for reference purposes only. They do not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action based on this publication.
© Herbert Smith Freehills 2019