On 31 January 2020 the UK officially left the EU and entered into a 11-month transition period, running until 31 December 2020. During the transition period, the legal environment will not significantly change. This transition period can be extended once, by up to one or two years. Such a decision must be taken jointly by the EU and the United Kingdom before 1 July 2020.
The negotiations around the future relationship between the EU and the UK have now kicked off. The risk of no deal remains in the event that the parties do not come to an agreement at the end of the transition period. In March 2019, we made an overview of 15 unexpected consequences of a no deal Brexit.
As soon as details become clear regarding the new framework between the EU and the UK, we will inform our clients through newsletters, blogs and direct contact.
Please be referred to the key dates below to determine what the upcoming months may have in store.
Click on the visual to enlarge
Stibbe Brexit Team
Brexit brings legal uncertainty. Consequences will vary depending on the markets involved and area of law. Stibbe's Brexit team is available to advise you on all legal, regulatory and tax implications of Brexit on your business. Please get in touch with either your usual Stibbe contact or our Stibbe Brexit team for advice.