The post below was first published on our Competition blog The EU State aid regime in its current form ceased to be applicable in the UK as at the end of 31 December 2020, when the Brexit transition period expired. Going forward, State aid or “subsidy control” in the UK will be based on the … Read more

Japanese businesses have welcomed the conclusion of the agreement between the United Kingdom and the European Union on their future relationship following expiration of the implementation period on 31 December 2020. The Chief Operating Officer of Nissan described the agreement as having created a “positive environment” with the company thinking of expanding its operations in … Read more

The UK and EU finalised the Trade and Cooperation Agreement (“TCA”) that governs their future trading and security relationship on 24 December 2020. The TCA offers minimal commitments on financial services and even excludes financial services from some general protections that otherwise apply under the TCA. At the same time, in a non-binding declaration, the … Read more

The post below was first published on our Employment blog. The Trade and Cooperation Agreement (the “TCA”) agreed between the UK and the EU on 24 December 2020 opens up the possibility of changes to EU-derived employment law.  Last week the Government made clear that it has no current intentions to push through changes in the … Read more

The post below was first published on our Competition blog On 1 January 2021, with the end of the Brexit transition period, the UK entered the real world of Brexit. This has immediate implications for merger control both in the UK and the EU. Any companies involved in deals need to be aware of the … Read more

The post below was first published on our Energy blog The EU-UK Trade and Cooperation Agreement (“TCA“) establishes objectives for the energy market by providing for the facilitation of trade and investment between the EU and the UK (the “parties”) in the areas of energy and raw materials, and supporting security of supply and environmental … Read more

The Trade and Cooperation Agreement (TCA) is generally light on tax content. A significant point to note is that the parties’ commitments regarding tax are based on global OECD/BEPS standards, rather than EU standards. This is consistent with the general approach taken in the TCA. The key tax provisions are set out in this blog … Read more

The post below was first published on our Intellectual Property blog The final Brexit agreement, the Trade and Cooperation Agreement (the “TCA”) was agreed between the UK and the EU on 24 December 2020. Within this agreement are provisions that set out the standards expected to be recognised (mutually) between the EU and the UK … Read more