On 24 December 2020, almost four and a half years since the 2016 referendum, the EU and the UK reached an agreement in principle on the terms of a trade deal between them: the ‘EU-UK Trade and Co-operation Agreement’. The European Union (Future Relationship) Act 2020 (which approved and implements the agreement) was fast-tracked through Parliament six days later.
Businesses can now make strategic plans with more certainty, but there is a lot of information to digest and some of the detail still needs to be ironed out. Businesses will still need to continue to monitor developments closely.
At Shoosmiths, we have stayed close to developments and have welcomed discussions with our clients to help them with their preparations and risk analysis on Brexit.
Our most popular cross-service client briefing ‘Brexit -preparing for all eventualities’ has been updated and you can download the new edition ‘Brexit – Next steps’ - which summarises the main legal implications of Brexit across a number of disciplines and sets out steps that businesses can take now - here.