Crossing the river: the Brexit transition

pages-from-jibfl_2016_vol31_issue08_sep_fullIn the September 2016 edition of Butterworths Journal of International Banking and Financial Law, Philip Wood, CBE, QC (Hon) head of the Allen & Overy Intelligence Unit, discusses possible approaches to the transition legislation governing the departure of the UK from the European Union (EU). While anchored alongside the EU as a member of the EU fleet, the UK had many ropes, chains and hawsers tying it to continental Europe. When the UK leaves this harbour to sail out into the open seas on its own, it will be necessary to unravel these links.

EU law is deeply entrenched and embedded in the law of the UK in intricate ways. Unpicking and disentangling these closely woven threads could be partial or a total cut. A partial separation would indeed be easier than a full scale divorce which would be a much bigger task.

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Filed Under: Brexit , JIBFL

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