What does IP completion day mean for lending lawyers? [Archived]

The following Banking & Finance practice note provides comprehensive and up to date legal information covering:

  • What does IP completion day mean for lending lawyers? [Archived]

What does IP completion day mean for lending lawyers? [Archived]

ARCHIVED: This Practice Note has been archived and is not maintained.

During the implementation period/transitional period, it was effectively business as usual for lending lawyers (see Practice Note: Brexit—impact on finance transactions [Archived]—Impact of Brexit on financial services legislation), but from IP completion day, the picture changes as set out below.

How does Brexit impact B&F?
This Practice Note summarises the impact of IP completion day for each impacted topic area identified below and links through to deeper content where you can find out more.
UK-EU Trade and Co-operation Agreement
What is the impact of the UK-EU Trade and Co-operation Agreement?On 24 December 2020, the European Commission and UK government announced an agreement in principle on the legal terms of the future UK-EU relationship.
UK and EU leaders quickly endorsed the agreement, which was signed on 30 December 2020 and then approved by the UK Parliament. However, the deal will not fully enter into force until ratified in the European Parliament in 2021. In the circumstances, the UK and EU agreed that the deal would apply provisionally from 1 January 2021, pending full ratification by the EU.
In practice, the agreement has no or limited impact on the areas of most interest to lending lawyers. The impact of the agreement in each area is set out

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