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UK-EU - Trade & Cooperation
The Brexit transition period has ended and the UK Government and the European Commission has announced the terms of our new trading relationship in the draft Trade & Cooperation Agreement (TCA).
The TCA is wide-ranging and includes terms on trade in goods and services, economic and social co-operation, law enforcement and security co-operation and governance.
There is now no doubt that the UK’s relationship with the EU has changed for good, there will be both new legal risks and commercial opportunities for your business in the months and years ahead – is your business ready?
If you are an international business or lawyer looking for assistance in relation to UK law, please contact any of the partners listed below or visit our International section for further information.
We can help you navigate the challenges, manage the uncertainty and exploit new commercial opportunities in relation to:
The UK remains very much open for business. Goodman Derrick's corporate team is are here to guide investors through any opportunities, challenges and uncertainties which Brexit may bring.
EEA registered companies and companies with a connection to the EEA which are operating in the UK will now be treated in the same way as other overseas companies and will have to comply with additional reporting requirements, as described on the UK Government’s Brexit Resource.
Cross border mergers between a UK company and an EEA company using the EU Cross Border Merger regime will no longer be possible.
UK companies with businesses established in the EU should seek local law advice immediately and we can recommend advisers in all EU member states if you need them
Goodman Derrick offers a French language service for Francophone clients who want advice on English law but using French language, or non French speakers who need to undertake business or personal transactions in French-speaking countries.
The principles of UK commercial contracts will not change but you should seek advice and scrutinise the detail of your contacts for anything that relates to the EU, EU law, or the E-Commerce Directive.
Following the long awaited, and very last minute, Trade and Cooperation Agreement put in place between the UK and the EU on Christmas Eve we have summarised the headlines concerning data transfers as from January 2021, please click here to read the summary.
The framework surrounding applicable law, jurisdiction and enforcement of judgments between the UK and the remaining members of the EU was part of the trade negotiations.
A risk review of your key contracts will help you understand your position and get ahead of any potential disputes.
Our employment law is derived from the EU and it seems likely that we will be aligned for the immediate term. The medium to long term approach is less clear as it will be reliant on the policy of future governments.
Key immediate concerns for business are the points based immigration system that replaces free movement, workers’ rights, and the future status of key ECJ employment decisions.
Real Estate and Construction
Our property law is distinct and separate to the EU, as it is for all EU members, and it will not be affected by the UK’s new status.
However real estate and construction companies will have the same concerns as any other with regards to their company structure, supply chain, commercial contracts, workers and disputes.
Please contact any of the key partners listed on this page or your usual Goodman Derrick contact if you have any questions relating to the UK's new status.