The following Restructuring & Insolvency guidance note provides comprehensive and up to date legal information covering:
This tracker is designed to assist R&I practitioners keep up-to-date with forthcoming legislation which will impact their particular areas of practice. For further discussion of the potential effects of Brexit, see Practice Note: Brexit—worst case scenarios for R&I lawyers.
For updates on the process and preparations for Brexit, see Practice Note: Brexit timeline.
As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an implementation period, during which it continues to be subject to EU law. References to exit day in many Brexit SIs are to be read as reference to IP completion day (Implementation Period completion day, defined in clause 39 as 31 December 2020 at 11.00 pm) (unless that provision is expressly disapplied by the SI in question). For further details, see News Analysis: Brexit—impact of the Withdrawal Agreement and European Union (Withdrawal Agreement) Act 2020 for R&I lawyers and Brexit Bulletin—key updates, research tips and resources and Practice Note: Brexit—impact on Recast Regulation on Insolvency.
Various draft Brexit SIs have been laid in preparation for Brexit in exercise of legislative powers under the European Communities Act 1972 and EU(W)A 2018 to address failures of retained EU law to operate effectively, and other deficiencies arising from the withdrawal of the
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