Government publishes further competition Brexit legislation amending its original Regulations on competition law in order to address the issue of EU commitments relating to the UK

On 10 September 2019 the UK Government published the text of a second Competition Brexit SI, the Competition (Amendment etc.)(EU Exit)(No2) Regulations 2019 (the new Regulations) which make a number of changes to the  original Competition (Amendment etc.)(EU Exit) Regulation 2019 (the principal Regulations).  The principal Regulations are discussed in an earlier blog post here. … Read more

Government No-Deal Brexit Planning Assumptions Published

The Government today published an important document related to its no-deal planning (code named “Operation Yellowhammer”). This document reveals the Government’s view (as of 2 August 2019) as to the reasonable worst case scenario expected in the event of a no-deal Brexit. The Government was legally required to disclose this document following a motion introduced … Read more

Updated Brexit Legal Guide launched

Today our updated Brexit Legal Guide was released. Below is a message from our Chair and Senior Partner James Palmer which accompanied the updated guide. Dear clients and professional colleagues, The outcome of the June 2016 UK referendum on EU membership ushered in a period of increasing political turmoil in the UK. When I wrote … Read more

Brexit – impact of no-deal for corporate law practitioners

As a no-deal Brexit (i.e. the UK leaving the European Union without a withdrawal agreement in place) remains a possible outcome, below is a summary of the legislative and regulatory changes that will apply in the event of a no-deal Brexit that will be of interest to listed companies and corporate law practitioners. Further detail … Read more

Updated: Eric White and Lode Van Den Hende contribute to report offering workable alternatives to Irish backstop

Prosperity UK’s Alternative Arrangements Commission set up to develop credible and practical alternative arrangements relating to the Irish border has today released a 4-page Briefing Document which summarises the recommendations made by the Commission in its final report of 18 July 2019. The Commission’s report includes two draft protocols contributed by EU and international trade … Read more

Brexit Asset Management Update

In this post we summarise the latest Brexit developments related to asset management. FCA extension to use of temporary transitional power The FCA has announced that it will extend the proposed duration of the directions issued under the temporary transitional power to the 31 December 2020. This is to reflect the extension of Article 50. … Read more