Navigating Brexit, and beyond
The Brexit transition period ended at 23:00 on December 31, 2020 and the UK-EU Trade and Co-operation Agreement has now come into effect.
The UK’s decision to leave the EU presents opportunities and challenges. Here, we set out some of the key issues businesses will need to consider.
Our Brexit Q&As provide the answers to some of the common questions
our clients have about the transition and beyond, tailored to your sector or industry.
Antitrust and competition
Choice of Law, jurisdiction and enforcement
Contractual and counter-party risk
Employment and labor Enforcement Implementation period Insolvency
Intellectual property Real estate and environment Tax
The United Kingdom’s (UK) departure from the European Union (EU) on January 31, 2020 and the subsequent expiry of the transitional provisions on December 31, 2020 has profound implications for trading activities in financial instruments and physical commodities.
With the global economy reeling from the body-blow dealt by the COVID-19 pandemic, Brexit—the UK's exit from the European Union—became fully effective at the turn of the year with the expiry of the implementation period on 31 December 2020.
Aviation is one of the sectors most vulnerable to the impact of the UK leaving the EU as air transport services (including air traffic rights) are excluded from the WTO General Agreement on Trade in Services.
The United Kingdom (UK) and Australia are seeking to establish a new trading relationship underpinned by a comprehensive free trade agreement (FTA).
The UK left the EU on January 31, 2020, and is currently in the Brexit Transition Period.
On July 16, 2020, the Court of Justice of the European Union (CJEU) published its decision in the landmark case Data Protection Commissioner v Facebook Ireland Ltd, Maximilian Schrems and intervening parties, Case C-311/18 (known as the Schrems II case).
© Norton Rose Fulbright LLP 2021