The European Council has agreed to a "flextension" of
the Brexit deadline. This means that the UK will now leave the EU
on 31 January 2020, unless the UK Parliament ratifies the revised
Brexit deal before then, in which case exit day will be brought
forward. See our blog post
here for further detail.
It is still possible that the UK will leave the EU on 31 January
2020 without a deal (if the UK Parliament has not ratified the
revised Brexit deal by then and the UK Government does not secure
another extension). In that context, the following will be of
interest to corporate practitioners:
- Company law – The Department for
Business, Energy & Industrial Strategy (BEIS) has published guidance on the legislative and practical
changes to UK company law in the event of a no-deal Brexit. There
is limited new guidance and the document largely just collates all
the previously published guidance, with some additional
clarification and expansion.
