Monthly Archives: February 2018

EUROPEAN COMMISSION PUBLISHES DRAFT ARTICLE 50 WITHDRAWAL AGREEMENT

The European Commission has today published the draft Withdrawal Agreement between the EU and the UK.  The draft Withdrawal Agreement translates into legal terms the European Commission’s view of the 8 December 2017 Joint Report from the negotiators of the EU and … Continue reading

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Filed under Article 50, UK-EU negotiations

UK POLICY PAPER ON THE DRAFT TEXT FOR DISCUSSION: IMPLEMENTATION PERIOD

This document sets out the United Kingdom’s approach to the legal text of the transitional period to be provided for in the Withdrawal Agreement. It responds with a number of amendments to the EU draft position paper on the transitional arrangements in the Withdrawal Agreement … Continue reading

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Filed under UK-EU negotiations

FAILING FINANCIAL INSTITUTIONS: HOW WILL BREXIT IMPACT CROSS-BORDER COOPERATION IN RECOVERY, RECONSTRUCTION AND INSOLVENCY PROCESSES?

This paper addresses the issues for international recognition of reconstruction and insolvency proceedings affecting international banks raised by the United Kingdom’s decision to leave the European Union, and considers what the United Kingdom and the European Union and its member … Continue reading

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Filed under Financial services, Insolvency

The UK’s access to the EU’s preferential trade arrangements

There is much current discussion about the application of the EU’s current preferential trade agreements to the UK post-Brexit, both during and after a transition period. The attached briefing considers a number of issues this raises, including the potential to roll-over … Continue reading

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Filed under Trade, UK-EU negotiations, Uncategorized

What Should GCs Be Doing To Prepare Their Businesses For Brexit?

Here is a recent report aimed at general counsel and published by Legal Business which Herbert Smith Freehills contributed to.  

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European Commission publishes draft legal text on transitional arrangements

The European Commission has today published a draft text of the transitional arrangements proposed to be included in the Article 50 Withdrawal Agreement, following the United Kingdom’s request to remain in the Single Market and the Customs Union for a … Continue reading

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Filed under Article 50, UK-EU negotiations

House of Lords’ EU Committee report into the implications of Brexit for competition law and State aid control in the UK published

The House of Lords EU Committee has published its report into the implications of Brexit for competition law and State aid control in the UK.  In particular, the report recommends that the UK maintains consistency with the EU’s economic efficiency … Continue reading

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Filed under Competition, State aid

Purpose and powers of the Taxation (Cross-border Trade) Bill 2017–19

Tax analysis: The Taxation (Cross-border Trade) Bill will give the government the ability to establish a standalone customs regime, and ensure VAT and excise legislation operates effectively, following the UK’s withdrawal from the EU. Heather Gething, partner, Dorothy Livingston, consultant, and … Continue reading

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Filed under Tax