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Brexit: how will it impact your UK tech start-up?

Entrepreneurs, investors and CEOs in the UK are rightfully concerned about the impact of Brexit on their businesses. Uncertainty is scary. Companies need to have prepared, and be ready to adapt.

Our guidance on key areas will help you navigate through this period:

What was the UK’s transition period?

The UK left the EU on 31 January 2020. As a result of the Brexit transition period, EU law continues to apply in, and in relation to, the UK until the end of the transition period. The period ended on 31 December 2020. This is because the UK opted not to extend the transition period.

The EU Treaties, EU free movement rights and the general principles of EU law (such as the single market and the customs union) ceased to apply in the UK. Prior EU regulations will continue to apply in UK law until they are modified or revoked by UK regulations.

How can Bird & Bird help you?

Bird & Bird has a range of tools to help businesses deal with the commercial impact of Brexit, including:

  • Brexit Briefings that offer information about the ramifications of Brexit on different sectors or areas of law
  • Brexit Jargon Buster for explanations of the key teminology used during the Brexit debate
  • Commercial Drafting Checklist which highlights Brexit-related issues for businesses to consider when contracting during this period.

Further Alerts and Briefings will be issued by Bird & Bird on our dedicated Brexit Portal as these issues become clearer.

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