UK and EU agree revised Brexit deal: What does it mean and what next?

At the EU Summit today, the UK Government and European Commission agreed a revised Brexit deal, reaching agreement on the key outstanding issue of the Irish backstop and revising the terms of the future relationship. The European Commission has asked the European Council to endorse the revised Withdrawal Agreement and revised Political Declaration on the … Read more

Implications of “No Deal” – an overview for business

While the risks of a no-deal Brexit on the 31 October 2019 have greatly diminished, a no-deal Brexit is still firmly on the table for that date or, perhaps more likely, a future date. Our updated Brexit Legal Guide addresses in detail the legal position if the UK leaves the EU with or without a … 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

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

Webinar available: Brexit after the Conservative leadership election

In today’s webinar, a day after the Conservative leadership election results were announced and shortly prior to Britain’s new Prime Minister Boris Johnson stepping into office, Paul Butcher, Brexit Director at Herbert Smith Freehills LLP, was joined by Paul Stephenson , Partner at Hanbury Strategy, to discuss the results of the leadership race and their implications for … Read more