Brexit has officially arrived and brings with it changes to a number of important areas concerning cross-border litigation between the United Kingdom and European Union.
This Holland & Knight alert gives an outline of the possible implications of Brexit in this field, primarily from an English law perspective and with a focus on commercial contractual matters.
It is more important than ever that the points and issues discussed below are considered carefully at the negotiating and drafting stages...
After the political and constitutional upheaval of the last four years that has been Brexit, a trade deal—the EU-UK Trade and Cooperation Agreement—was finally reached between the United Kingdom (UK) and the European Union (EU) on December 24, 2020, just days before the deadline when the UK was set to crash out of all EU treaties.
Amongst the rules about how much fish a French fisherman can catch off the coast of Scotland and whether a vaccine approved in Denmark...
With the end of the transition period on 31 December 2020, the formal and legal process of Brexit has completed. However, this is just the beginning of a new trading relationship and opportunities for the EU and UK and for international business operating across the region. As Osborne Clarke assess the impact of the deal negotiated between the EU and UK, you may have questions that are still unanswered around the impact of the deal and what this means...
The EU-UK Trade and Cooperation Agreement ("TCA") introduces a new framework for State aid, antitrust, merger control and trade in goods and services. Although the TCA's purpose is to ensure a level playing field for fair trade and competition, the new rules clearly distinguish the EU internal market from the UK market. These new rules are likely to give rise to many questions of interpretation and disputes. The TCA has a separate dispute settlement mechanism. The role of the European Court...
The conclusion of the EU-UK Trade and Cooperation Agreement on 24 December 2020 means that the very successful mandate of the Task Force for Relations with the United Kingdom (UKTF) will come to an end. The UKTF will cease to exist on 1 March 2021.
To support the efficient and rigorous implementation and monitoring of the Agreements with the UK, the European Commission has decided to establish a new Service for the EU-UK Agreements (UKS). The UKS will be part...
With the end of the transition period as of 1 January 2021, the UK officially became a third country with respect to the EU, meaning that the EU VAT Directive has ceased to apply to it.
It is therefore important to review the VAT treatment of cross-border transactions with the UK. Below you will find a brief summary of the main changes in this regard.
1) Supply of goods
Note that Northern Ireland is still considered part of the EU for supplies...
Osborne Clarke just published the latest edition of their Regulatory Outlook.
In this edition, they focus on the EU-UK Trade and Cooperation Agreement. The new relationship between the EU and the UK changes the regulatory and compliance landscape for businesses trading across those markets. Some of these changes have an immediate impact and may require businesses to take action now. More broadly, for many, the cumulative impact of having to comply with diverging regulatory regimes will be additional friction, inconvenience...
Members on the Foreign Affairs and International Trade Committees will debate the new EU-UK Trade and Cooperation Agreement on Thursday at 10.00 CET.
The joint meeting of the lead committees will intensify the democratic parliamentary scrutiny process for the new EU-UK Trade and Cooperation Agreement reached by EU and British negotiators on 24 December.
The two committees will in due course vote on the consent proposal prepared by the two standing rapporteurs Christophe Hansen (EPP, Luxembourg) and Kati Piri (S&D, The Netherlands), to allow for...
By John Bruton, former Prime Minister of Ireland (Taoiseach) & former EU Ambassador to the US |
UK gained a little extra sovereignty of the island of Britain, by giving up some UK sovereignty in Northern Ireland
The EU/UK trade deal maintains Ireland’s agricultural export market in Britain. A “No Deal” would have destroyed it. The imposition of tariffs would have imposed huge costsm on consumers and disruption to business.
That said, the fact that the Agreement had to be rushed through...
The post-Brexit trade and cooperation agreement reached in the hours before Christmas between the UK and the EU is one of the most important trade deals in history. It is also the first to disintegrate a trading partnership, constructing, rather than removing barriers to trade.
After 47 years of EU membership, British Prime Minister Boris Johnson welcomed in the New Year telling Britons that “we have our freedom in our hands and it is up to us to make the...