As we enter the Article 50 negotiation window, where the UK and the EU27 negotiate the arrangements for the UK's withdrawal from the EU, businesses operating in Europe have to continue to deliver on shareholder, employee, and customer expectations today, while also planning for the future at a time when the trading relationship between the UK and the EU27 is still in the process of being shaped.
Some businesses have been engaged in detailed contingency planning for many months. Others say it’s too early to plan and it’s better to wait and see.
Whatever one’s preferred approach, it is essential to stay informed about Brexit developments and to understand the legal consequences of new trading relationships as they emerge. Understanding the big picture, whilst at the same time being able to drill down to the detail where necessary, is critical.
Allen & Overy has spent many months exploring the possible legal consequences of Brexit in significant depth. We have analysed the potential impact in different sectors and in relation to different areas of law and have drawn up strategies for mitigating Brexit-related risk and taking advantage of Brexit-related opportunities for clients around the globe.
As we continue to monitor the situation, our expert, multi-disciplinary teams are ready to advise you at each stage on what Brexit means for your business, whether in the UK, another EU country or outside the EU. Our latest thinking will be updated and posted to this site.
If you have any questions, please email our Brexit team at A&OBrexitqueries@allenovery.com or get in touch with your usual Allen & Overy contact.