Brexit

We are Stibbe Brexit specialists

Brexit

The United Kingdom has voted to leave the European Union. The UK and EU will now enter into negotiations to form a new relationship. Pursuant to Article 50 of the EU Treaty, the UK should notify the European Council, and then the UK and the EU should negotiate a withdrawal agreement. If, two years from the date of notification, the withdrawal agreement has not come into force, the EU Treaty and all associated regulations will cease to apply to the UK. The same goes for a number of trade agreements which were negotiated and concluded by the EU on behalf of its member states.


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.

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05.04.2019 EU law
Brexit and chemical substances

Articles - The recent Brexit negotiations and votes by the British Parliament increase the risk of a hard Brexit, or at least a Brexit following which the UK would leave the EEA. In such case, chemical substances registered in the UK will no longer be legally registered under REACH, and import and export of hazardous chemicals will require prior approval. This blogpost elaborates on a few of the consequences for businesses.

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22.02.2019 BE law
Lost your passport - How a hard Brexit will affect UK financial institutions’ access to the Belgian financial market

Articles - FSMA gives local guidance - Belgian legislature prepares contingency measures The UK is due to leave the European Union on 29 March 2019. Unless specific arrangements granting the UK at least a temporary status quo will be adopted before 29 March 2019, the UK financial industry will be considered third-country entities and will therefore be seriously restricted in carrying on their activities in the EEA, including Belgium.

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05.02.2019 NL law
UK investment firms will be temporarily exempt from the Dutch licensing requirement as of 30 March 2019

Short Reads - On 4 February, the Dutch Minister of Finance published an amendment to the Exemption Regulation under the Financial Supervision Act (Vrijstellingsregeling Wft). The amendment provides for a temporary exemption from the licencing requirement for investment firms that provide investment services on a cross border basis from the United Kingdom in the Netherlands to professional parties or trade for their own account.

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21.03.2019 NL law
15 aspects of Brexit you did not know

Short Reads - A Brexit without a deal, or with a deal that does not cover all relevant aspects, is still a potential scenario. We have highlighted a number of unexpected legal consequences of Brexit in such a no deal or incomplete deal scenario.

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18.02.2019 NL law
Brexit and data protection: preparing for a 'no-deal'

Short Reads - As it stands, the UK will exit the European Union at midnight on 29 March 2019. Therefore, businesses within the UK, or with trade relations with the UK, would be best advised to assume that a no-deal Brexit is inevitable. The exchange of personal data  within the EU is governed by the General Data Protection Regulation (GDPR). In a no-deal Brexit, the GDPR will cease to be applicable in the UK upon its EU exit.

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05.02.2019 NL law
Britse beleggingsondernemingen worden na 30 maart 2019 tijdelijk vrijgesteld van de vergunningplicht in Nederland

Short Reads - De minister van Financiën heeft op 4 februari jl. een wijziging van de Vrijstellingsregeling Wft gepubliceerd. Ondernemingen die vanuit het Verenigd Koninkrijk in Nederland door middel van grensoverschrijdende dienstverrichting beleggingsdiensten verlenen aan professionele partijen of voor eigen rekening handelen, worden tijdelijk vrijgesteld van de vergunningplicht.

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05.02.2019 NL law
Transitional rules announced for certain Dutch tax acts in case of no deal Brexit

Short Reads - On 4 February 2019, the Dutch State Secretary of Finance sent a letter to the Dutch Parliament announcing transitional rules for Dutch taxes (other than customs legislation) if there will not be a Brexit withdrawal agreement (i.e. a no deal Brexit). The letter includes an outline of the transitional rules.

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12.10.2018 BE law
Ignace Vernimme and Michiel Van Roey speak on IP rights during Agoria's Research & Standardization Event

Speaking slot - On Thursday 25 October, Agoria's Regulatory and Standardization Expertise Center organizes its 5th information day about regulations and standards for topics including international trade, privacy and contract law, transport, Internet of Things and blockchain, eHealth, ... at regional, national and European level.

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30.03.2017
News on the Brexit

Inside Stibbe - On 29th March 2017, the United Kingdom has triggered Article 50 of the Lisbon Treaty, thus making the UK’s withdrawal from the European Union official nine months after the referendum and starting the maximum two-year countdown of the exit process. While UK-EU trade relations will have to be redefined and some legislation ought to be reviewed, the consequences that the Brexit has for our very integrated jurisdiction and enforcement framework remain uncertain.

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