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The Main Elements of the EU-UK Trade and Cooperation Agreement
December 28, 2020, Covington Alert
On December 24, 2020, exactly four and a half years after the result of the UK’s EU Referendum, the UK and the EU reached an agreement on their future trade and cooperation arrangements: the EU-UK Trade and Cooperation Agreement (“EUTCA”). The transition period that has run since the UK left the EU in January 2020 will end at midnight Central European Time on December 31, 2020 and the UK will then be treated by the EU as any other third country.
January 2021, Covington Guide
The EU-UK Trade and Cooperation Agreement (EUTCA) reached on December 24th is a wide-ranging and complex agreement. Our Brexit Task Force offers these "bite-sized" recordings to give a snapshot of what you need to know in each area. Though the EUTCA provides the overall architecture of the future relationship in a number of areas, much of the detail must still ...
November 24, 2020, Covington Alert
On November 20th, the Commons’ Treasury Select Committee launched an Inquiry looking at the future of financial services regulation in the UK after departure from the European Union. In this alert we set out the scope of the Inquiry and how companies can contribute evidence that may influence the Committee’s findings. The Committee is appointed by the House of ...
January 31, 2020, Covington Alert
This evening, at 11:00 p.m. GMT, the UK will leave the European Union. Brexit day marks a beginning, not an end. The UK today embarks on a complex process of negotiating new arrangements for trade and cooperation with the EU and partners around the world. Regulatory divergence seems inevitable, given that the UK will want to make its own decisions on existing ...