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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 were to 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 was to leave the EU at midnight on 29 March 2019. A transition phase was foreseen until the end of 2020, during which the UK would continue to have access to the internal market and will participate in the customs union.

However, since then, the draft withdrawal agreement has been rejected by the UK Parliament three times and the deadline is currently 31 January 2020.

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.

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Brexit for In­surers
Cross-bor­der mer­gers with a UK com­pany post-Brexit...