Brexit And Your Business

Brexit

 

31 January 2020 

On 31 January 2020, the UK left the European Union. A transition period began, during which most EU rules continue to apply to the UK as if it were still an EU member state. 

March to June 2020 

The EU and UK have been seeking to negotiate a future partnership to include terms on trade, financial services, data protection, security, fisheries, medicine regulation, aviation and many other areas, pursuant to the Political Declaration of October 2019. The negotiations are led by Michel Barnier for the EU and David Frost for the UK. Four rounds of negotiations have taken place to date (2-5 March; 20-24 April; 11-15 May and 1-5 June 2020) with little concrete progress made. High level talks between European Commission president Ursula von der Leyen and UK Prime Minister Boris Johnson took place by videoconference on 15 June 2020 to take stock of progress and both sides agreed to intensify talks. Face to face negotiations are taking place in the week of 29 June 2020. 

The EU-UK Joint Committee on the Withdrawal Agreement met on 30 March 2020 and on 12 June 2020. The Withdrawal Agreement deals with citizens' rights (e.g. EU citizens living in the UK and vice versa) and the Ireland / Northern Ireland Protocol. 

31 October 2020

The UK government has confirmed that it will not seek any extension to the transition period, which means that in practice any deal must be reached by 31 October 2020, to allow time for the preparation of legal texts. 

31 December 2020

The transition period expires on 31 December 2020. If the EU and UK do not agree a deal, the UK will begin trading with the EU on WTO terms from 31 December 2020.   

  

The buttons below are designed as a practical and accessible overview of some of the key issues arising from Brexit, with the aim of assisting you to identify those relevant to your business. We have identified the top five issues on a sector-by-sector basis. Not all issues/risks will be relevant to all businesses.  

Click on any of the links below for our Top 5 issue breakdown.

High Level Risks

Financial Services Generally

Insurance & Reinsurance

Asset Management & Investment Funds

Banking

Tax

Employment Law & Pensions

Trade, Imports & Exports

Capital Markets

Intellectual Property & Data Protection

Litigation

Competition

Energy

Environment & Climate Change

 

Article Library


Brexit Library


Click here
 to view our article library

 

 

 

Brexit Group

Our dedicated Brexit Group is already helping our clients to seize opportunities and to anticipate and address issues and risks arising from Brexit. Please contact any member of our team below for advice.

 

BryanBourke

Bryan Bourke

Managing Partner

bryan.bourke@williamfry.com
+353 1 639 5106
 
Shane Kelleher

Shane Kelleher

Partner
Financial Regulation
shane.kelleher@williamfry.com
+353 1 639 5148
 
John Larkin

John Larkin 

Partner
Insurance & Reinsurance
john.larkin@williamfry.com 
+353 1 639 5224
Dan Morrissey
Ted McGrath

Ted McGrath

Partner
Tax
ted.mcgrath@williamfry.com
+353 1 639 5262   
Shiela Tormey

Sheila Tormey

Partner
Competition & Regulation
sheila.tormey@williamfry.com
+353 1 489 6512 
Leo Moore

Leo Moore

Partner
Technology
leo.moore@williamfry.com
+353 1 639 5152
Stephen Keogh

Stephen Keogh

Partner
Corporate
stephen.keogh@williamfry.com
+353 1 639 5144

Catherine O'Flynn

Catherine O'Flynn

Partner
Employment & Benefits
catherine.oflynn@williamfry.com
+353 1 639 5136

 

Ivor Banim

Partner, Head of London Office
Corporate
ivor.banim@williamfry.com
+44 20 7961 0897