With just 21 hours to go before a "no deal Brexit", Prime Minister Theresa May agreed an extension to the Article 50 period with EU leaders, which means the UK's potential exit from the EU on 12 April 2019 will not now happen and the UK continues as an EU member for the time being.
On Thursday 23 August, the UK Government published 25 technical guidance notes on what a "No Deal Brexit" on 29 March 2019 would mean in practice, covering a range of issues including imports, medicines, workplace rights, financial services and the future of EU funded programmes.
The Government consulted on the impact of Brexit upon the UK energy sector in late 2015/early 2016. The following points address the main issues highlighted in the Government's report and subsequent steps taken in preparation for Brexit.
On Thursday 13 September, the UK Government published a further 28 technical guidance notes on the implications of a "No Deal Brexit" and repeated its message that UK businesses, citizens and the public sector should be making preparations now.
The UK referendum result at the end of June has opened a window for changes to UK law including environmental legislation. But, as has been widely reported, until the formal mechanism from withdrawing is triggered the UK is still part of the EU and as a member is subject to exactly the same rights and obligations.
As the dust settles on the UK referendum, attention is turning to the areas of law that will be affected, including competition law. With the actual route to be taken by the UK to leave the EU unclear as yet, this article aims to identify the likely issues which will need to be examined depending on the option that is eventually chosen by the UK.
The European Court of Justice has ruled in the Wightman case C-621/18 that the UK may unilaterally withdraw the Article 50 notice to leave the EU (originally served to the EU on 29 March 2017) by giving notice in writing. In such circumstances the Brexit process would come to an end and the UK would continue as an EU Member State on unchanged terms.
The task of anticipating future developments on matters of key significance to insurers following the quite unexpected result of last week’s EU referendum vote remains an almost impossible one. The only predication which can be made with any strong chance of being proved correct seems to be that the eventual outcome will arise out of further unanticipated developments in the weeks ahead.
On 12 March, the House of Commons rejected Theresa May's Withdrawal Agreement and, subsequently voted against a no-deal Brexit and in favour of seeking for an extension of Article 50 of the Treaty on European Union ("TEU").