Corporate weekly highlights—18 April 2019

Corporate weekly highlights—18 April 2019

This week's edition of Corporate highlights includes news of an update to our Public M&A trend report and the latest on Brexit, eg the issue by HMT of equivalence directions for EEA-approved prospectuses and EEA-adopted IFRS. It also covers an updated FCA technical note on periodic financial information and inside information, a consultation on the transposition of the Fifth Money Laundering Directive and two recent cases on contractual law issues.

In this issue:

Brexit

European Union (Withdrawal) Act 2018 (Exit Day) (Amendment) (No 2) Regulations 2019

SI 2019/859: This enactment is made in exercise of legislative powers under the European Union (Withdrawal) Act 2018 (EU(W)A 2018) in preparation for Brexit. This enactment amends the definition of ‘exit day’ in EU(W)A 2018, s 20(1) from 12 April 2019 at 11 pm to 31 October 2019 at 11 pm, and consequently amends EU(W)A 2018, s 20(2). Various provisions of EU(W)A 2018, including the repeal of the European Communities Act 1972, and a wide range of primary and secondary legislation, take effect or come into force on exit day. It comes into force immediately after 3.15 pm on 11 April 2019.

For further information, see: LNB News 12/04/2019 11.

Technical update to the Withdrawal Agreement following Article 50 extension

The Department for Exiting the European Union has published correspondence with the European Commission confirming agreement to a technical change to the Withdrawal Agreement. The amendment alters the recitals and Article 185 to reflect the agreed extension to the Article 50 withdrawal period.

For further information, see 

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