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ARTICLE · 05 MARCH 2020

Competition Newsletter February 2020

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On 31 January 2020, the United Kingdom ("UK") ceased to be a Member State of the European Union.

European UnionAntitrust/Competition Law

Impact of Brexit on Competition matters

On 31 January 2020, the United Kingdom ("UK") ceased to be a Member State of the European Union. However, under the UK-EU agreement on the UK's withdrawal from the EU (the “Withdrawal Agreement”), virtually all EU law remains "applicable to and in the UK" until 31 December 2020 (the “implementation period”). Although the Withdrawal Agreement allows for this period to be extended for a further one or two years, UK law currently prohibits the Government from extending the implementation period.

At the end of this period, the UK and EU may have reached agreement on all the aspects of their future relations or none of them. However, it is also quite likely that they will have reached agreement on some, but not on others, so that the question "deal or no deal?" can only be answered for each individual topic or sector.

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