In light of the recent Brexit developments in the UK a no-deal Brexit is increasingly looking like a possibility. This will have very significant implications for parties involved in M&A transactions. This is because, without a deal, the EU merger control regime will immediately cease to apply in the UK. Read more
Without an intervening event, the UK will withdraw from the EU at 11pm on 29 March 2019. Otherwise much remains unknown. The negotiated withdrawal deal comprising a legally binding Withdrawal Agreement and non-binding Political Declaration is facing significant opposition in the UK and will not be submitted for parliamentary approval until next week. Without a … Read more
Paul Butcher and Tom Henderson have published an article in FERMA/AIRMIC’s joint Brexit Newsletter advising risk management professionals of some of the key matters that they will need to consider to prevent a Brexit-related “no deal” crisis. Given it remains uncertain whether the UK will enter a transitional arrangement with the EU lasting until end … Read more
On 30 October 2018 the Government published a draft SI amending current UK competition legislation where necessary in order to make the legislation suitable in a no-deal Brexit scenario. The Competition (Amendment etc.) (EU Exit) Regulations 2019 (The Regulations) provide for changes to the following legislation: The Competition Act 1998 and secondary legislation issued under … Read more
The Government has published further final and draft statutory instruments to make the changes to legislation required in the event of a hard Brexit, i.e. if the UK leaves on 29 March 2019 without a deal. Read more
On 12 July 2018 the UK Government finally published its White Paper on the future relationship between the UK and the EU including a proposal for the establishment of an economic partnership between the UK and the EU. At the core of this proposal is the establishment of a free trade area for goods which … Read more
As the clock ticks down to 29 March 2019, the UK and the EU are stepping up their preparations for the possibility of a “no-deal” outcome. From a corporate governance and risk management perspective, businesses that have not done so already should carry out a Brexit assurance process in order to identify all Brexit-related risks … Read more
The UK Government has today released its White Paper detailing its proposal for the future relationship between the UK and the EU. We will be publishing separately our analysis of the implications of the UK Government’s White Paper, including the impact for business. This will include an update to our new online Brexit Legal Guide. To … Read more
