After voting for a Brexit on 23 June 2016, the UK government has officially notified the European Union of its withdrawal on 29 March 2017 by sending a so-called Article 50 brief (referring to the article in the Treaty of the European Union regulating the exit procedure). The UK now has two years to arrange for its withdrawal, meaning that ultimately by 29 March 2019, the UK seizes to be a member of the EU.
The Brexit will have far-reaching consequences for the UK, the EU and for businesses globally doing business with or within the UK. The impact of the exit will depend on the form it will take – a point that is yet to be decided. BANNING drafted a practical guide which highlights the potential legal implications of Brexit for your business.
The guide can be read here.