The UK Government’s refusal to request an extension to the Brexit transition period, along with the outstanding issues in the negotiations, means that the chances of the EU and the UK trading on a “no-deal” basis as of 1 January 2021 have increased. It is vital, therefore, for companies to address the challenges to their business stemming from a no-deal scenario and prepare for such an eventuality.
We have identified the key areas that will be impacted by a no-deal Brexit and outlined recommendations of what to consider for each of these areas. Forward planning in each of these areas is essential.
The global nature of our Firm and the clients we represent means that we have a number of experts who can provide advice that is tailored to your organisation and the challenges that you face. If you would like help navigating the complicated, evolving landscape, please contact a member of our dedicated team of specialists or your usual Baker McKenzie contact.