The post-Brexit horizon: opportunities for Japanese businesses?

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

Brexit and Financial Services: 2021 Update

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

EU-UK Trade and Cooperation Agreement: implications for employment law

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

Key TCA issues for the energy sector

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

EU-UK Trade and Cooperation Agreement – Tax

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

EU-UK Trade and Cooperation Agreement – Implications for Mobility

In this blog post we look into the implications of the EU-UK Trade and Cooperation Agreement on mobility. In summary: UK nationals can visit the Schengen zone* for tourism or business purposes for up to 90 days in total in any 180 day period. This can be a single visit or a number of visits. … Read more