As negotiations continue over the terms of the Withdrawal Agreement between the UK and the EU, what the future legal landscape for the UK will look like continues to be at large – highly uncertain.
Whilst considerable work has been done to imagine what alternative futures might look like post-Brexit, and the picture will become clearer in time, in the meantime applying a ‘wait and see’ approach to the terms on which you trade across UK-EU borders after March 29 next year could be disadvantageous. Specifically, businesses should usefully consider carrying out an audit of their commercial agreements, to help manage the future risks associated with cross-border trading relationships and put them in the best shape for a smooth transition to a post-Brexit world.
For assistance with this, contact Hewitsons dispute resolution Partner Dominic Hopkins at dominichopkins@hewitsons.com