Brexit remains a critical risk for nearly all businesses. Our team has a track record of advising industry bodies and companies of all sizes and across sectors to mitigate the risks and maximise the opportunities of Brexit. The prospects of a 'hard Brexit' are growing and with uncertainty over any final deal set to remain well into 2019 until we leave on 31st October. We can work with your business, your board and your in-house counsel to understand the international, EU and UK legal framework that underpin your business to help map the risks ahead for yourselves, your suppliers and your customers.
We can combine a deep understanding of key sectors, strong teams in cross-cutting areas of expertise and experience in both international trade law and the conduct of international trade negotiations from the UK and the EU perspective to provide a strategic insight into the ongoing Brexit discussions and couple this with commercially-focussed and cost-effective solutions. We can help you understand the potential impact of Brexit on your sector, your business and your workforce and to take practical steps to mitigate those effects, whether through Brexit-proofing contracts, supply chain mapping, registration of IP, securing data transfers or considering the impact on your cash flow post-Brexit.
Whatever happens in October 2019, this is not wasted effort. In the event of a soft Brexit, on current calculations the UK and the EU trading relationship will change significantly by December 2020 (the deadline for the end of any transition period and the start of a new UK-EU Free Trade Agreement) and the analysis of the regulatory framework, supply chains, contractual arrangements and any workforce planning will be a critical part of any strategic planning for that new trading reality.