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We look at the likely impact of the Withdrawal Agreement and draft Withdrawal Agreement Bill for R&I lawyers, in particular its impact on the Brexit SI: Insolvency (Amendment) (EU Exit) Regulations 2019, SI 2019/146.
Withdrawal Agreement (19 October 2019)
European Union (Withdrawal Agreement) Bill (the Bill)
European Union (Withdrawal Agreement) Bill—Explanatory Notes
This legislation has been introduced to facilitate the ratification and implementation of the Withdrawal Agreement (19 October 2019) agreed in principle between the UK and the EU on 17 October 2019.
The Bill is required in order to implement the Withdrawal Agreement, to enable the government to ratify the deal and to give it effect in domestic law. The Bill contains provisions on various matters, including the transition period. It incorporates several amendments to the European Union (Withdrawal) Act 2018 (EU(W)A 2018), particularly for the purpose of legislating for transition, deferring several provisions from exit day to the end of the transition (or ‘implementation’) period.
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