Brexit News

25 Oct
Brexit News, Member News

Vulcan Insight | Analysis of the latest EU Developments 21-25 Oct 2019

Key Events This Week Brexit – so close yet so far Saturday’s special meeting of the UK Parliament resulted in Prime Minister Johnson having to reluctantly write to EU Council President Donald Tusk to seek an extension until January 31st 2020. President Tusk has recommended that EU27 leaders grant the extension request. This is likely to be done by ordinary written procedure, without any additional European Council summit. After a meeting of EU diplomats in Brussels on Wednesday afternoon, officials have...

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24 Oct
Brexit News, Chapter News, News

The Boris Version of Brexit

Make no mistake about it, the latest version of Brexit is a very hard Brexit. The UK Government has abandoned the legally binding commitment in the previous deal to align with EU regulatory standards to the greatest extent possible. That is now dropped in favour of a political aspiration. The more the UK diverges from EU standards the greater is the likelihood that the EU will have to place tariff and other barriers in the way of UK imports to the...

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23 Oct
Brexit News, Member News

U.K. Inches Towards a New Brexit Deal

By Huw Beverley-Smith, James Ellis-Rees, Christopher Jefferies | Faegre Baker Daniels On 17 October the European Union (EU) and the Prime Minister of the United Kingdom (U.K.) announced that they had reached a new deal to ensure the orderly withdrawal of the U.K. from the EU. While similar to past proposals, the new deal includes several changes to customs and trade issues. The Withdrawal Agreement must now be approved by the Parliament of the U.K. as well as the European...

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22 Oct
Brexit News, Member News

Will this Brexit deal last?

Dr. Sam Natapoff, President at Empire Global Ventures, and Bloomberg News EMEA Reporter Maria Tadeo discuss Prime Minister Boris Johnson’s Brexit deal with the European Union that was barely agreed before it ran into trouble at home, as his Irish allies in parliament said they could not support it. Dan North, Chief Economist North America at Euler Hermes, talks about the U.S. economic outlook and whether we’re headed for a recession. Bloomberg News Reporter Brandon Kochkodin tells the story...

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18 Oct
Brexit News, Member News

Vulcan Insight | Analysis of the latest EU Developments 14 – 18 Oct 2019

Key Events This Week A deal at long last After intense negotiations, a Brexit deal was finally reached between the EU and UK government on Thursday, 17 October. Chief EU negotiator Michel Barnier said that the deal agreed between Brussels and London after days of accelerated talks was a ‘fair and reasonable result’. While it is true that both the EU and the UK have moved, Johnson’s government have on the whole had to come up with more concessions. It appears that...

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18 Oct
Brexit News, Member News

Blacklines Comparison of the New UK / EU Withdrawal Agreement Terms

By Thomas Donegan, Barnabas Reynolds, James Webber | Shearman & Sterling LLP The EU and U.K. in principle agreed new terms for the withdrawal agreement giving effect to the U.K.’s exit from the European Union. These include a revised political declaration and protocol concerning Northern Ireland replacing the controversial backstop. An amended unilateral declaration on consent in Northern Ireland by the U.K. was also published. Attached to this client note are comparison documents showing the changes from the previous set...

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17 Oct
Brexit News, Chapter News

Brexit: European Commission recommends the European Council (Article 50) to endorse the agreement reached on the revised Protocol on Ireland / Northern Ireland and revised Political Declaration

The European Commission has today recommended the European Council (Article 50) to endorse the agreement reached at negotiator level on the Withdrawal Agreement, including a revised Protocol on Ireland / Northern Ireland, and approve a revised Political Declaration on the framework of the future EU-UK relationship. The Commission also recommends that the European Parliament give its consent to this agreement. This follows a series of intensive negotiations between the European Commission and UK negotiators over the past few days. Jean-Claude Juncker,...

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17 Oct
Brexit News, Chapter News

Remarks by Chief Negotiator Barnier at the press conference on the Commission Recommendation to the European Council to endorse the agreement reached on the revised Protocol on Ireland/Northern Ireland and revised Political Declaration

"Check against delivery" Mesdames et Messieurs, Aujourd'hui, nous avons trouvé un accord avec le gouvernement britannique sur le retrait ordonné du Royaume-Uni et le cadre de notre future relation. C'est le résultat d'un travail intensif des deux équipes de négociateurs, l'équipe britannique et notre propre équipe, que je veux personnellement remercier pour leur ténacité et leur professionnalisme, mais aussi, du côté européen, d'un dialogue permanent avec les 27 Etats membres et le Parlement européen, avec qui nous avons réellement co-construit ce nouvel accord. Cet accord est agréé au...

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17 Oct
Brexit News, Chapter News

Remarks by President Juncker at the joint press conference with Boris Johnson, Prime Minister of the United Kingdom

"Check against delivery" Good to see you and good to see the Prime Minister, my friend Boris Johnson. We have a deal. And this deal means that there is no need for any kind of prolongation. This is a fair and balanced agreement. It is testament to our commitment to finding solutions. It provides certainty where Brexit creates uncertainty. It protects the rights of our citizens and it protects peace and stability on the island of Ireland. There will be no border on...

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17 Oct
Brexit News, Member News

British government makes new proposals on border regime in Ireland – cautious reactions

By Giovanna Ventura & Dr. Max Helleberg |  Noerr On Wednesday 02 October 2019, Prime Minister Johnson sent proposals to the EU on the future border regime in Ireland. These proposals initially continue to require the UK to leave the EU on 31 October 2019, with the result that customs controls would be reintroduced at the Irish border. However, these would not be physically carried out at or near the border, but would be carried out locally at traders' premises...

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