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.
- Fabio Ilacqua
Partner – Head of New York Office
GOP USA, LLC – One Rockefeller Plaza, Suite 1610,
New York, NY 10020 Tel.: +1 212 957 9600 E-mail: email@example.com
Compliments of Gianni & Origoni – a member of the EACCNY.