Brexit—impact of extension on R&I lawyers

Brexit—impact of extension on R&I lawyers

 We look at the impact of the latest art 50 TEU extension on R&I lawyers.

Art 50 TEU extension

In what has been another critical week in the political Brexit story, we look at the impact of the extension under art 50 of the Treaty of the European Union (TEU) on R&I lawyers. On 10 April 2019, the European Council adopted a decision, taken in agreement with the UK, providing for an extension until 31 October 2019 at the latest. The decision notes that the extension should last only as long as necessary, and no longer than 31 October 2019. The Withdrawal Agreement may enter into force on an earlier date if approval and ratification procedures are completed sooner. On this basis, UK withdrawal would take place on the first day of the month following the completion of the ratification procedures or on 1 November 2019, whichever is the earliest. If the UK fails to adhere to the obligation to hold European Parliament elections, the extension will end on 31 May 2019 (see LNB News 11/04/2019 76).

The European Union (Withdrawal) Act 2018 (Exit Day) (Amendment) (No 2) Regulations 2019, SI 2019/859 entered into force immediately on 11 April 2019. These regulations amend the definition of ‘exit day’ under EU(W)A 2018, s 20(1), to 31 October 2019 at 11.00 pm (see LNB News 11/04/2019 76).

For updates on the process and preparations for Brexit, see: Brexit timeline. 

Key dates

Various key dates include:

  •  22 May 2019—government target for approval of the Withdrawal Agreement: The government is targeting this date to reach an agreement on the terms of the UK’s exit from the EU, in order to avoid having to participate in the European Parliament elections
  • 23 May 2019—if the UK is still a Member State, the UK must hold European Parliament elections in accordance with EU law. If the UK fails to do so, the withdrawal period will end automatically on 31 May 2019, with or without a deal in place

  • 31 May

Subscription Form

Related Articles:
Latest Articles:

Already a subscriber? Login
RELX (UK) Limited, trading as LexisNexis, and our LexisNexis Legal & Professional group companies will contact you to confirm your email address. You can manage your communication preferences via our Preference Centre. You can learn more about how we handle your personal data and your rights by reviewing our  Privacy Policy.

Access this article and thousands of others like it free by subscribing to our blog.

Read full article

Already a subscriber? Login

About the author:
Kathy specialises in restructuring and cross-border insolvency. She qualified as a solicitor in 1995 and has since worked for Weil Gotshal & Manges and Freshfields. Kathy has worked on some of the largest restructuring cases in the last decade, including Worldcom, Parmalat, Enron and Eurotunnel.