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When the UK left the EU on 31 January 2020, it entered into a time-limited transition (or implementation) period, which is due to end on 31 December 2020. The Withdrawal Agreement made provision for the transition period to be extended by agreement before 1 July 2020, but despite limited progress in various transition workstreams, and the unexpected impact of the coronavirus (COVID-19) pandemic, the option to extend was not exercised.
Under the transitional arrangements in the Withdrawal Agreement, the domestic legal effects of the UK’s withdrawal from the EU are largely on hold for now, but what happens next? Four years after the UK referendum on EU membership, and halfway through the Brexit transition period, the UK and EU remain locked in negotiations, with much left to resolve in order to finalise and prepare for new arrangements due to take effect on 1 January 2021.
Swift progress is needed on key transition workstreams in order for the necessary arrangements to be agreed, ratified and implemented on time. Meanwhile, the UK and EU have launched fresh information campaigns urging stakeholders, businesses and individuals to prepare for a range of possible outcomes at the end of the year. LexisNexis continues working alongside industry experts to unpack the key priorities, issues and contingencies throughout the transition period.
As part of our ongoing Brexit coverage, our latest report provides a recap of key milestones and developments to date, together with a sample of analysis on key issues and a deep dive into some of the impacted practice areas, highlighting useful information and materials to help lawyers navigate the Brexit transition and prepare for legal changes on the horizon.
Download our free report!
For details of how to download our latest report and get the latest insights and guidance for navigating the Brexit transition, click here!
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