Previously published on Medium.com | “Can the peoples of Europe rise to the heights of the soul and of the instinct and spirit of man”? - Winston Churchill, September 19, 1946. University of Zurich Politicians Must Exit the Scene They have done enough damage and created division. The first three months of the application of the Brexit Trade Agreement have been a repetition of the conflictual narrative of the past four years, where politicians have taken an aggressive course and dominated the Brexit...

Feel free to also check out below Faegre Drinker's 'The U.K. Immigration Video Series': As employees, business leaders and travelers begin to adapt to the U.K.’s post-Brexit immigration system, a strong grasp of the most commonly used visa categories — including new visas established as a result of Brexit — is essential. To help you get up to speed, Faegre Drinker created a series of short videos providing basic overviews of each visa category, prepared and narrated by the...

By entering into a Trade and Cooperation Agreement, the EU and the United Kingdom averted a “no deal” Brexit at the last second and established a provisional legal foundation until 30 June 2021 for data transfers to the United Kingdom (for more background, please see: Data protection implications since January 1, 2021). However, no decision has been reached as yet on whether and how data transfers into the United Kingdom would be possible after the transitional period. On 19 February 2021, the European Commission published...

There is still much uncertainty about the financial regulatory consequences of Brexit for UK entities operating in the Netherlands. In this News Update, we give an overview of the current situation, focusing on market access. We discuss the cancellation of European passports, the exceptions to this, equivalence decisions and cooperation between supervisory authorities. If you wish to stay informed, you can subscribe to the News Update Financial Regulatory. The EU-UK Trade and Cooperation Agreement covers financial services in the same way as they are generally covered in...

The following note highlights certain barriers to free trade flows between the UK and the EU that have arisen in the post-Brexit era, with particular reference to rules of origin and origin procedures. It assesses the consequences these new rules will have in determining market power, influencing supply chain practices, and the application of UK and EU competition law in the future. The Trade and Cooperation Agreement The UK's continued membership of the European Union and Customs Union during the so-called...

On 24 December 2020, the EU and the UK finalised a Trade and Co-operation Agreement (the “TCA”) setting out the terms of their future relationship. This came just seven days before the end of the transition period for the United Kingdom’s exit from the European Union on 31 December 2020, following which: the UK ceased to be treated as a member state of the EU for all purposes; and EU law ceased to apply in the UK. READ MORE... Contact: Fabio Ilacqua Partner – Head...

Table of contents: 1. Introduction – 2. End of free movement of workers and new immigration system in the UK – 3. End of free movement of goods – 4. New cross-border trade rules. Major impacts on contracts, corporate and M&A transactions – 5. Major impacts on financial services – 6. Major impacts on IP, information technology and data protection – 7. Major impact on tax matters. Main Italian tax consequences – 8. New regulation on aviation – 9....