On 29 March 2017, the British Government served formal notice under Article 50 of the Treaty of Lisbon to terminate the UK's membership of the EU. This starts a two-year notice period which means that the actual British exit (or 'Brexit') date is unlikely to be before 2019. In the meantime, the UK and EU will seek to negotiate the terms of exit and their future trading relationship. A negotiated exit is likely to involve a phased transitional approach lasting several years beyond 2019. Some of the immediate challenges for businesses will arise from the impact of Brexit on the free movement of goods, services and employees and the on-going protection of IP rights. Forward planning is, therefore, key.
Our Brexit resources include over 30 practice group and sector briefings, practical tools for businesses and various videos. These can be accessed via the links below. We have a team of contacts who can discuss the subject directly with you and offer further guidance. If this would be helpful, please do get in touch with one of our team.