Following the UK’s departure from the EU on 31 January 2020, the end of the transition period on 31 December 2020 as provided for in the UK/EU withdrawal agreement, is fast approaching.
While the withdrawal agreement provides for the possibility of a single extension of up to two years of the transition period, to be agreed by 30 June, any extension is looking increasingly unlikely. As a consequence there is a real possibility that a UK/EU free trade agreement will not be in place for 1 January 2021 and the UK will be trading with the EU and most of the rest of the world on World Trade Organization (WTO) terms. Such fundamental uncertainty and change reinforces the importance for all business sectors to adapt and complete their planning and preparation for the post-Brexit legal and commercial environment.
Since the EU Referendum in June 2016, we have used our in-depth knowledge, experience and contacts with key stakeholders in Brussels and London to assist our clients across most key sectors to navigate the many actual or potential challenges that may arise for their business as a result of Brexit. As the transition period reaches an end and we enter a post-Brexit world, our cross-departmental Brexit working group is on hand to work with you as you seek to address the many diverse and uncertain legal, practical and strategic issues that may arise for you and your business.
Alongside this bespoke work, we will continue to give you access to insights which address both the general legal and public policy impact of how the Brexit process plays out in these times of significant change, and focused forensic analysis to help you get to the heart of what is important for you.