The UK has submitted its application to accede to the 2007 Lugano Convention on jurisdiction and the recognition and enforcement of judgments. Lugano currently applies as between the EU (including the UK, until the Brexit transition period comes to an end – currently scheduled for 31 December 2020) and EFTA countries (Iceland, Norway and Switzerland). … Read more
The Financial Reporting Council (FRC) and Department for Business, Energy and Industrial Strategy (BEIS) have published joint letters for auditors and accountants with information in relation to auditing and accounting and corporate reporting standards during the transition period following the UK’s exit from the EU. In relation to accounting and reporting, the letter confirms that … Read more
The UK ceased to be a member of the EU at 11pm on 31 January 2020. The impact for corporate practitioners will be limited until 30 December 2020 when the transition/implementation period expires (unless extended). Key point to note are: References to the EU – As the UK is no longer a Member State of the … Read more
