Brexit
Overview
The UK’s historic June 2016 decision to leave the European Union creates challenges and opportunities for all businesses, whether they are multinational companies or SMEs. BCLP has established a dedicated cross-office and cross-disciplinary Brexit team to help our clients to navigate what Brexit means for them. The team comprises experts in EU law, international trade, regulatory, financial services, corporate, employment law, data protection and tax.
Since the referendum, we have been working with clients across virtually every sector of the economy, including financial services, retail, energy, automotive, chemicals, manufacturing, media and telecommunications. We are working with our clients to help them to plan accordingly for Brexit, and to be prepared for the range of possible outcomes. We have also helped clients to frame their advocacy strategies, and we have good working relationships with government departments and regulators in the UK and with the EU institutions in Brussels.
Experience
- We have advised a number of European financial institutions with UK branches in relation to their Brexit contingency planning. This included advising on the scope of cross-border activities that will be permitted in the event of trade on WTO terms and drafting contingency plans for submission to the Prudential Regulation Authority
- We have advised a large international financial services supplier on the implications of services trade being based on the WTO rules following Brexit, including detailed analysis of the GATS schedules.
- We advised a large retail client on the implications of Brexit, including a no deal/WTO rules scenario, on its supply chain. This included advice on the impact of changes to the UK’s unilateral preferences to developing countries, the potential loss of existing EU free trade agreements and the implications of leaving the single market and customs union.
- We advised a multinational client on contractual and workforce issues linked to Brexit.
- We have advised a major airport operator on various Brexit-related issues, including EU funding, the implications of a “no deal” scenario and the effect on aviation agreements.
Related Insights
Mar 12, 2021
10 March 2021
11 February 2021
28 January 2021
13 January 2021
30 December 2020
17 December 2020
17 December 2020
Nov 21, 2020