The news regarding the conditional agreement between the EU and UK on the terms of a 21 month transition period is welcome. However, as both sides have made clear: nothing is agreed until everything is agreed. We will only know at the end of the Article 50 process whether a cliff edge has been avoided. That is, at the earliest, near the end of 2018.
With just a few months to go, businesses have no choice but to make plans and will face tough calls on when to put them into practice.
We have prepared a short booklet looking at the kinds of issues that businesses are facing and the kind of responses they may need to make.
Please get in touch with your regular Herbert Smith Freehills contact if you would like further information about how we can help you put your Brexit plans into practice.
You can subscribe to our Brexit Notes blog to keep up to date with our latest thinking.
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