As expected, the market access to the EU for UK financial services firms has changed post-Brexit. The implications of the Trade and Cooperation Agreement (“Agreement“) for financial services are more severe than for example trade, and the effects come close to that of a hard Brexit. Andreas Fillmann explores what this means for UK Financial Services looking … Continue Reading
On 24 December 2020, after intensive negotiations, the EU Commission reached a preliminary agreement with the UK on the terms of its future cooperation with the EU. The result of nine months of negotiations is a 1,246-page trade and cooperation agreement. The preliminary agreement consists of three parts, as outlined in detail in a press … Continue Reading
The UK will leave the EU single market, Customs Union, and VAT and excise duty area on 31 December. From 1 January 2021, the UK will operate its own external border as a sovereign nation. Is your business ready for the looming deadline of Brexit? Dealing with Brexit and the ongoing uncertainties about the COVID-19 … Continue Reading
Last week, partners from a number of our practice groups hosted a webinar to members of the British Plastics Federation on how Brexit will affect the Plastics Industry. Paul Anderson, Aline Doussin, Carl Rohsler and Supinder Sian reviewed the impacts on trade, immigration, financial services & contracts and intellectual property. Click here to see the … Continue Reading
We recently presented to the Association of Corporate Counsel (‘ACC’), Washington DC about: the timing and procedure of the withdrawal, and the negotiation of the future relationship between the UK and the EU; the consequences for UK and US companies arising from the end of the application of EU Freedoms, Mutual Recognition, Passports and other … Continue Reading
Since the shock Brexit vote on 23 June there have been big movements in a number of financial markets, as participants of all types reposition themselves for the period of uncertainty that the leave vote has ushered in. Regardless of the eventual terms of a UK exit from the EU, market movements that have already happened can be … Continue Reading
So after all the shouting, the half-truths and the speculation, there is a vote to leave. What does this mean for your business? What will your Board need to know today? Although no one knows today all the details of what will happen next, in our ‘Brexit – What Next?‘ piece we have looked at some … Continue Reading
A less publicised aspect of Britain’s potential exit from the European Union is the impact on the Asia Pacific region. Leaving the escalating political and media debate aside, as the 23 June 2016 referendum rapidly approaches we examine the potential implications for Asia Pacific should a “leave” vote succeed. From a regulatory perspective, the potential … Continue Reading
The EU Referendum on membership, on 23 June 2016 now looms large on the horizon. This is the next in our series of Blogs which will deal with specific issues in specific areas or sectors that businesses may face if there is a Brexit and we consider here the possible legal implications of a so-called … Continue Reading
As described in the previous blog existing domestic legislation in the remaining 27 Member States of the EU (“EU 27”) would need to be reconsidered by domestic legislators and be amended, depending on both domestic needs and any requirements arising under the negotiations between the UK and the remaining EU27 Member States. First of all … Continue Reading
Analysing the legal consequences of a potential Brexit and possible alternatives for the future relationship of the UK with the EU requires taking into account of the specific aspects of each relevant industry and sector. The general principles which are the starting point of each sector and industry specific analysis are the following: Membership of … Continue Reading
