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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.

We have created a series of publications and a webinar to make sure that you are up to date on the latest information. If you would like to know more or have any questions, please get in touch with the team.  

Brexit – Where are we now and what happens next?

The UK is now in an 11-month transition period during which time arguably the most challenging of Brexit tasks begins in earnest – negotiating the future relationship between the UK and the EU and attempting to strike a trade deal before that transition period ends.

Read our short guide which sets out where we are now, what happens next, and what businesses can do to prepare for the end of the current transition period. 

Brexit - What is going on and what does it mean for you?

With the 29th March 2019 deadline a matter of weeks away, absolutely no-one can say with any certainty what is going to happen next.

Read our short guide  that provides the current state of play and questions your business can consider to help prepare.

What Would 'No Deal' Mean For You?

What lies ahead for your business? In this guide we provide an overview of the World Trade Organisation (WTO) rules relating to goods and services and describe some of the implications of a UK/EU relationship based on these rules.

Read our overview of what a 'no deal' would mean for you

Brexit’s Impact On Financial Services Legal, Risk & Compliance 
Over 200 legal, risk and compliance professionals representing some of the UK’s largest financial institutions took part in our Brexit Business Barometer survey. 
See the results

What Will Trade Look Like After Brexit? 
What might financial trade services look like post 29 March 2019? In this guide we consider the potential impact of the World Trade Organisation (WTO) rules on the future relationship between the UK and the EU. 
Download the guide on what trade will look like after brexit

Key Brexit Q&A 
Following the UK’s vote to leave the European Union (“EU”), we set out some of the key questions and answers raised by this historic decision, including: 

What happens now from a legal point-of-view? 

Do current EU rules still apply? 

What can you be doing now? 

Download the guide to discover more

Brexit: Private Client Summary 
There should be no immediate changes to the UK’s tax rules as a result of the decision to leave the EU – although rates could be changed in an Emergency Budget. There should also be no immediate impact on the position of EU nationals living in the UK, or UK nationals living elsewhere in the EU. Here we look at what impact the vote could have on the tax rules in the longer term. 
Download the guide for what brexit means for private clients

Brexit Impact On Taxation 
What might happen to UK tax now that the UK has voted to exit the European Union (Brexit) in the national referendum? We address direct taxes, CCTB and tax incentives. 
Download the guide on Brexit tax impact

Webinar: What Happens Now? 
Our Brexit webinar covers the key issues impacting an international audience, including: 

What legal process will be adopted for separating the UK from the EU? 

Will pending EU laws be implemented in the UK? 

How can we protect our interests, both in the long term and in the interim period? 

Watch the 2016 webinar

Representative 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.