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In this issue:
Brexit the final countdown?
Has the House of Commons missed its opportunity to
avert a no-deal Brexit? Malcolm Dowden, Legal Director at Womble Bond Dickinson
(UK) LLP considers the options, concluding that it would take a seismic shift
in the current political and administrative position to prevent, or even delay,
Brexit. Meantime, lawyers, individuals, and businesses must work with the
available facts, and prepare for no-deal as a foreseeable outcome. See News
Analysis: Brexit―the final countdown?
The Law Society has published an update on its
bilateral discussions with EU bars on post-Brexit relations. It says the Law
Society would de facto no longer be a full member of the Council of Bars and
Law Societies of Europe in the event of a no-deal Brexit as the UK delegation
would have severely limited participation. The Society also sets out the
current state of play in relation to Belgium, France and Germany. See: LNB News 01/08/2019 28.
The University College London European Institute
has raised serious concerns over the no-deal Brexit arrangements for personal
data flows between the EU and the UK, particularly regarding the economic
sphere. The Institute highlights that 75% of the UK’s international data flows
are with the EU, and much UK economic activity is dependent on these flows.
Therefore, the Institute warns of significant disruption to EU–UK personal
data flows in the event of a no-deal Brexit which would result in no adequacy
decision. See: LNB News 27/08/2019 6.
John Binns, partner in the business crime and
corporate regulatory department of BCL Solicitors LLP and member of the
Lexis®PSL Corporate Crime Consulting Editorial Board, considers the potential
impact of Brexit on the UK’s
anti-money laundering laws. See News Analysis: The UK’s anti-money laundering laws post-Brexit—will it make any difference?
Government departments have issued various new and
updated guidance to help stakeholders prepare
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