The BCC’s guide to the UK leaving the EU

Based on feedback from our members, we are aware that there is a significant amount of uncertainty regarding the UK leaving the EU in terms of how businesses will be affected. This site, which we have prepared in conjunction with our partners, will reflect the Brexit developments and provide you with the most up-to-date and relevant information.

Brexit useful links – a collected range of sources you can go to for more relevant information.

If you require any further information or need assistance, feel free to contact us.

Partners of the project:

 

Latest news:

Can the UK Parliament stop a no-deal Brexit?

​There are less than 100 days until 31 October 2019, when the UK will leave the European Union without a deal by default, unless between now and then the UK and EU27 are able to agree a deal or further extension to the Article 50 period (or the UK revokes its Article 50 notice). The new UK Prime Minister (PM), Boris Johnson, has announced that 31 October will be the UK’s departure date “do or die, come what may”, with or without a deal. He has also ruled out doing a deal with the EU which includes the current Northern Irish “backstop”, and the EU has been equally clear that this is an essential component of any deal. Accordingly, the prospect of the UK leaving on 31 October without a deal has become more likely, despite the fact that a majority of Members of the UK Parliament (MPs) are opposed to this and the PM’s claim that the chances of this are “a million-to- one against”.

A reflection on the current state of play regarding how EEA firms can provide financial services into the UK post-Brexit

​On 11 April 2019, politicians kicked the possibility of a cliff edge Brexit into the (relatively) long grass but with UK politics still deeply divided, a leadership contest for the next prime minister underway and the Irish backstop still unresolved, it is unlikely that clarity on the Brexit saga will be forthcoming any time before 31 October 2019.

Brexit – English law and courts: Update on the UK’s ratification of the Hague Convention on Choice of Court Agreements

The Hague Convention is an international convention which requires Contracting State courts (including all EU Member  State courts) to respect exclusive jurisdiction clauses in favour of other Contracting State courts and to enforce related judgments. The UK is currently party to the Hague Convention in its capacity as an EU Member State.

Podcast – Preparing for Brexit: Intellectual property

In the event of the UK leaving the EU with or without a deal, how are IP rights affected and what should clients do to ensure there is no loss of protection.

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BCC

Czech businesses are already starting to feel the impacts of Brexit

Almost half of small and mid-sized companies from the Czech Republic have a plan ready for the next steps to be taken in connection with the departure of the UK from the European Union. Already, 28% of these companies have experienced a decrease in orders or revenues as a result of the volatile situation and circumstances surrounding Brexit. Indirect influence, for example, in the form of extra administrative costs or adjustments made to contractual terms and conditions, has been recorded by four out of ten companies. These results came from a recent survey conducted by the British Chamber of Commerce and Bibby Financial Services amongst companies doing business with the UK.

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PwC: business breakfast entitled 30 days until Brexit

The program focuses on the areas of VAT, toll and logistics, corporate taxes, access to the job market, legal connections and the impact on the contract agenda.

The event already took place in past but you can learn about the content from attached file

Jak se po brexitu změní Váš byznys?

Brexit – English law and courts: should recent developments change your approach?

More than two months after the EU Commission and the UK Government announced that they had reached political agreement as to the terms of the UK’s withdrawal from the EU, the question of whether the UK will leave the EU pursuant to a withdrawal agreement or otherwise is more uncertain than ever before.

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Deloitte: What impact will Brexit have on your company? Are you ready for “no deal”? The “D” day is nigh!

On 7 February 2019 Deloitte discussed possible outcomes of different Brexit scenarios for businesses, including practical examples. Their experts looked at legal business challenges, tax impact, customs consequences and more.

The seminar already took place in past but you can learn about the content HERE.

Preparing for a hard Brexit – ten points relevant to mainstream debt capital market issuance

If Parliament votes down the deal, a number of scenarios could arise. Whilst not inevitable, one of these scenarios is that the UK will leave the EU on 29 March 2019 without a deal – a so-called “hard Brexit”. A hard Brexit will mean that the UK will not be a Member State of the EU and that Union law will not be applicable in the UK.

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BCC

Brexit useful links

The British Chamber of Commerce collected a range of sources you can go to for more relevant information.

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