Brexit—worst case scenarios for R&I lawyers [Archived]
Produced in partnership with Chris Mallon of Skadden and Hamish Anderson of Norton Rose Fulbright

The following Restructuring & Insolvency practice note produced in partnership with Chris Mallon of Skadden and Hamish Anderson of Norton Rose Fulbright provides comprehensive and up to date legal information covering:

  • Brexit—worst case scenarios for R&I lawyers [Archived]
  • Brexit impact
  • European Commission Withdrawal Agreement
  • European Union (Withdrawal Agreement) Act 2020
  • ‘No Brexit deal’ scenario
  • Main issues for R&I lawyers
  • Recast Regulation on Insolvency (EU) 2015/848
  • EU Regulation on Insolvency (EC) 1346/2000 and recognition of insolvency proceedings
  • Credit institutions
  • Insurers
  • More...

Brexit—worst case scenarios for R&I lawyers [Archived]

This Practice Note has been archived and is not maintained.

Brexit impact

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.

We look at some of the likely issues for R&I lawyers and professionals. In particular, we consider the impact of certain key EU Regulations falling away and no longer applying to the UK (after any transition/implementation period). See Practice Note: Brexit—general issues and future relationship between the UK and EU [Archived] for further details on the immediate aftermath of the Brexit vote, exit provisions under Article 50 TEU, possible models for the future relationship between the UK and EU and the impact of Brexit on market

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