The following Commercial practice note provides comprehensive and up to date legal information covering:
The implementation period put in place to enable the UK to transition away from the EU’s laws and institutions ended at 11 pm (GMT) on 31 December 2020. At this point in time (referred to in this Practice Note as ‘IP completion day’) there was an immediate and significant change in the UK’s legal regime. This Practice Note explains the implications of this change in relation to distribution.
The appointment of a distributor in the UK is primarily subject to the common law of contract which will largely be unchanged following IP completion day.
Where trading across borders with distributors based in other countries, including EU Member States, distributors may be protected by local laws that offer a distributor greater protection than under UK law. For further information see: Getting the Deal Through: Distribution & Agency 2020.
In addition, distributors operating in the UK and EU Member States need to consider how they may be affected following IP completion day by changes in legislation relating to competition law, intellectual property rights, sale of goods, data protection, advertising, marketing and cross-border supply as well as changes arising from the UK being a third country and no longer being a Member State.
From 1 January 2021, Chapter I and Chapter II of the Competition Act 1998 (CA 1998)
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Commercial Property Standard Enquiries (CPSEs) are industry standard pre-contract enquiries used in commercial property transactions. CPSEs are endorsed by the British Property Federation and are free to use. The CPSEs include specific environmental enquiries at enquiry 15 and there are several
Pension commencement lump sums (PCLSs)When a member of a pension scheme becomes entitled to receive their scheme benefits, they can usually take part as a tax-free lump sum. HMRC calls this a ‘pension commencement lump sum’ (PCLS). Taking a lump sum is usually at the option of the member who will
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