Monthly highlights: February 2020

Monthly highlights: February 2020

Welcome to this month’s highlights from the Lexis®PSL Banking & Finance team which cover the key news updates from February 2020.

Brexit

Brexit Bulletin—key updates, research tips and resources

This Brexit Bulletin provides a quick reference Brexit research aid and updating tool. It answers key questions on Brexit and includes helpful Brexit updates, research tips and resources. It includes links to further reading materials, plus guidance on keeping up to date on key Brexit developments and the implications for UK law.

UK withdraws Instrument of Accession for the Hague Convention on Choice of Court Agreements

The UK has notified the Ministry of Foreign Affairs of the Kingdom of the Netherlands that as of 31 January 2020 it has withdrawn its Instrument of Accession, Note Verbale and Declarations for the Hague Convention on Choice of Court Agreements. During the implementation period, Regulation (EU) 1215/2012, Brussels I (recast) continues to apply between the EU and the UK for matters of jurisdiction and enforcement. The UK has further announced that it wishes to deposit a new instrument of accession at a time which will be deemed adequate, and which will take place before the period of transition expires.

Brexit Bulletin—FCO publishes the ratified Withdrawal Agreement 

The Foreign and Commonwealth Office (FCO) has published the ratified Withdrawal Agreement (WA). Sir Tim Barrow, the UK’s Permanent Representative to the EU, deposited the instrument of ratification to the European Council ahead of its adoption. Completion of these steps, and its addition to the FCO Treaty Series cleared the final hurdles in the domestic ratification of the WA ahead of the UK’s withdrawal from the EU at 11 pm on 31 January 2020.

Brexit bulletin—European Commission releases draft mandate on the future relationship negotiations

On 3 February 2020, the European Commission adopted draft negotiating directives, to be approved by the European Council ahead of talks on the future relationship between the UK and the EU. The draft mandate covers all areas outlined in the Political Declaration agreed between the UK and

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About the author:

Zahra started working as a paralegal at Lexis Nexis in Banking and Insolvency teams in April 2019. Zahra graduated with a 2.1 honours in a BA French and Spanish, completed the GDL at BPP University and is seeking some experience before commencing the LPC. She has undertaken voluntary work for law firms in London, Argentina and Colombia.