Open navigation
Search
Search

Select your region

Brexit

9 topics in Brexit

(Last updated: 23 July 2021) 

In a referendum held on 23 June 2016, the United Kingdom (UK) voted to leave the European Union. For a long time, the withdrawal agreement negotiated between the EU and the UK was not adopted by the British Parliament, could not come into force and thus the withdrawal deadline was deferred on several occasions. 

On 31 January 2020 at midnight (CET), the UK left the EU. With that, the Withdrawal Agreement between the EU and the United Kingdom came into force. 

Until the expiry of the transition period set out in the Withdrawal Agreement on 31 December 2020, the UK was still treated as a Member State. Since 1 January 2021, EU law has ceased to apply to the United Kingdom and the UK is no longer part of the internal market or customs union.

Following intense negotiations, the EU and UK reached an agreement on their future partnership on 24 December 2020. The Trade and Cooperation Agreement was applied provisionally as of 1 January 2021 and entered into force on 1 May 2021. 

Although the negotiating parties succeeded in reaching a trade and cooperation agreement, the relationship with the UK will be fundamentally different to membership of the EU internal market. As of 1 January 2021, there is now a customs border between the EU and the UK, and customs formalities must be observed. 

Numerous further points are (as yet) unclear. We offer you comprehensive advice on the withdrawal of the UK from the EU in all legal areas concerned. Please contact us with your questions so that we can work out the best solutions for you.

Timeline: Brexit and other Events relevant to the European Union in this context

Brexit Timeline

Please find below a summary of the possible legal consequences of the UK's withdrawal from the EU, arranged according to areas of law. If you require any further information please feel free to contact John Hammond at any time.

If you have any questions regarding the UK's withdrawal from the EU and its consequences, you can call our lawyers on the Brexit Hotline at any time: +49 711 9764 930.

Insights on Brexit

The Future after Brexit – an Update

14 Aug 2020 10 min read

Brexit - the countdown to customs and border controls

30 Jan 2020 5 min read

CMS - Focusing on Funds – Luxembourg Brexit

21 Aug 2019 4 min read

Webinar: Brexit for Insurers

06 Mar 2019

Brexit vote dampens dealmaking expectations, according to survey by CMS and Mergermarket

01 Nov 2016 3 min read

Private equity panel 2016 III survey by CMS and FINANCE: German private equity market shrugs off Brexit

27 Oct 2016 4 min read

Searching for the international perspective?

CMS’ global thought leadership expands to more than 40 countries. Find local insights to your specific matter – locally and globally.

Local market knowledge. Global outlook

We provide future-facing legal advice to help your organisation thrive. Combining local market knowledge and a global perspective, and with lawyers in locations worldwide, your organisation benefits from the expertise it needs, even across borders.

About CMS
People across CMS Find a Lawyer
7,200+ Lawyers
1,300+ Partners
Locations across CMS Find an office
50+ Countries
90+ Offices
22 Member firms
Back to top Back to top