February 27, 2019
At the heart of what Brexit will actually mean for business are the UK’s terms of trade with the EU27 and the rest of the world after it leaves the EU. The continued uncertainty over the terms of the UK’s withdrawal from the EU have brought into focus the prospects of the UK leaving the EU without an agreement in place (a so-called “hard Brexit”). One of the well-publicised consequences of this would be that the UK would have to rely on World Trade Organisation (WTO) rules to trade with the EU and certain third countries with which the EU has concluded free trade agreements (and vice versa).
In this episode of our Brexit podcasts, Senior Associate in our International Trade and Regulatory Law Group, Jonathan Benson, introduces the key concepts in the WTO rules and discusses key considerations for businesses operating under such a trading regime post-Brexit.
February 21, 2019
With less than 6 weeks to go until 29 March and a hard Brexit seeming more likely by the day, in this episode we focus our attention on the key trends and issues we are seeing among our asset management clients as they approach the final stages of their Brexit preparation.
Emma Danforth and Paul Sampson, both senior associates in the asset management group, and Sharon Gowdy, a senior associate from our affiliate business, aosphere will discuss the following:
- the recent developments of ESMA, the FCA and EU27 regulators and potential issues arising out of those developments
- practical issues to be mindful of as we approach exit day
- the options still available for any asset managers who haven’t yet finalised their Brexit planning.
February 13, 2019
In the event of the UK leaving the UK with or without a deal, how are IP rights affected and what should clients do to ensure there is no loss of protection.
In this episode of our Brexit podcasts, partner and global head of IP, David Stone, and senior professional support lawyer, Beverley Potts, discuss the key IP rights that will be affected by Brexit and what you do and don’t need to be doing now to ensure your rights remain protected.
In addition to the podcast, please click here if you would like to read Allen & Overy's written summary of frequently asked questions.
February 8, 2019
In this episode of our Brexit podcast series, Emma Dwyer, partner, and Emma Lancelott, senior lawyer, in our Derivatives and Structured Finance practice discuss what the UK version of the European Markets Infrastructure Regulation, otherwise known as UK EMIR, will look like and the likely practical effect of the onshoring of EMIR in a hard Brexit scenario.
Please be aware that, since the date of recording, the UK FCA has issued a statement on the use of transitional powers post hard Brexit clarifying they will not be used in the context of EMIR reporting – you should bear this in mind when listening to the final section of the podcast. We note that, although the content is correct as at the date of recording, the legal position is evolving in this space and we cannot guarantee that there will not be additional developments in this area. However, the podcast should nonetheless provide a useful overview of the basic position and the key issues arising.
In addition to the podcast, please click here if you would like to access Allen & Overy's consolidated version of UK onshored EMIR and here to access our Hard Brexit: Map of UK onshored EMIR.
February 6, 2019
If the UK leaves the EU without a deal, firms doing business both in the EU and UK will face parallel antitrust, merger control and state aid regimes. In this podcast, antitrust partner Dominic Long and Louise Tolley, a counsel in the firm’s antitrust group, explain the impact of this, discussing what a hard Brexit may mean for future antitrust policy and enforcement activity, as well as the likely practical implications for business.
We have also produced a short article summarising the issues, which can be viewed here.