Brexit

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In June 2016, the United Kingdom (“UK”) voted in a referendum to withdraw from the European Union (“EU”) (“Brexit”).

The negotiations between the EU and the UK concerning the withdrawal officially started on 19 June 2017 and must be concluded within a two-year period, namely by the end of March 2019.

On 14 November 2018, the UK and the EU agreed a draft withdrawal agreement. Under the withdrawal agreement, the UK will leave the EU at midnight on 29 March 2019. There will be a transition phase until the end of 2020, during which the UK will continue to have access to the internal market and will participate in the customs union.

However, on 15 January 2019, the UK Parliament rejected the draft withdrawal agreement. Since then, a no-deal outcome has been looking increasingly likely. What will the impact be for Belgian companies? Belgium is one of the countries most vulnerable to Brexit due to its strong trade links with the UK. Almost 9% of total exports from Belgium are destined for the UK and nearly 5% of Belgium’s total imports come from the UK. Brexit is about more than the potential for tariffs and customs procedures to be re-introduced. Significant regulatory issues may arise, new dispute settlement procedures are likely to be needed and the cost of doing business with the UK will rise.

The purpose of this website is to keep you well informed about the legal implications of the upcoming events.

Your Brexit Key Contacts:

Discover our Brexit checklists under the section "Explore more" below.

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Virginie Frémat
07/03/2019
Brexit for In­surers
14/03/2019
What about VAT after Brexit?
Al­though the UK par­lia­ment ruled against the pos­sib­il­ity of a ‘no deal’ Brexit, the out­come of the cur­rent UK polit­ic­al con­tro­versy re­mains un­cer­tain. Both busi­nesses and gov­ern­ments in both Great Bri­tain and EU are pre­par­ing for every even­tu­al­ity, in­clud­ing.
28/02/2019
Cross-bor­der mer­gers with a UK com­pany post-Brexit...
12/03/2019
Bel­gi­um braces for Hard Brexit with draft law
On Feb­ru­ary 19, Bel­gi­um passed a draft law pre­par­ing it­self for a Hard Brexit should the UK leave the European Uni­on (EU) on the dead­line of 29 March 2019 without a with­draw­al agree­ment in place to reg­u­late UK's de­par­ture and define its fu­ture re­la­tion­ship.
07/03/2019
Up­date of Bel­gian pro­pos­al for MGA reg­u­lat­ory frame­work
On 21 Novem­ber 2018, we is­sued a news­let­ter (ac­cess­ible here) re­gard­ing a draft law amend­ing the law of 4 April 2014 on in­sur­ance, which will cre­ate a new reg­u­lat­ory frame­work for man­aging gen­er­al agents (“MGAs”) in Bel­gi­um (“Pro­pos­al”).