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Brexit impact on contracts, data and legal issues

The UK Brexit transition period ends on 31 December 2020. This page brings together guidance and news from ICAEW, as well as externally-produced resources providing practical information on regulatory issues, contracts, commercial relationships and data handling.

Need to know

Latest news and insights

NAO reports on post-Brexit border unreadiness

9 November 2020: A National Audit Office report on UK border preparedness for the end of the Brexit transition period has concluded that while progress is being made, significant disruption is likely, as many traders and third parties will not be ready for new EU controls.

Guides and FAQs

November 2020 Update: Data protection and Brexit

When the transition period ends on 31 December 2020, the UK will become what is known as a ‘third country’ by the EU. This means UK organisations or individuals cannot assume they can continue to process the personal data of EU data subjects in the same way as now.

EU law and business: Brexit implications

Much Brexit guidance is concerned mainly with trade in goods, but there are a variety of other areas of EU law that also affect business. Our Know-how guides gives you a framework to understand these implications. It will be particularly relevant for services businesses seeking to assess how they are impacted.

Webinars

An exporters guide to Brexit

This webinar, in partnership with MHA MacInytre Hudson, explores export supply chain scenarios and highlights areas that UK businesses must consider as part of their Brexit planning to avoid unnecessary delays or compliance failures. It covers INCOTERMS for reviewing contracts, options for minimising customs duties, and labelling requirements.

External resources

Intellectual property after 1 January 2021

A summary of key changes to UK intellectual property law after the transition period ends, including changes to IP rights such as trade marks, designs, patents and copyright.

Using personal data in your business or other organisation after the transition period

Government guidance on what businesses need to do regarding data protection and data flows with the EU after the end of the transition period. It includes information on receiving personal data from the EU/EEA and already adequate third countries, personal data flows from the UK, personal data provisions in the Withdrawal Agreement, and GDPR.

Brexit-proofing your contracts: a checklist

Checklist from UK law firm Travers Smith on how to brexit-proof your contracts covering definitions, pricing, compliance, change control, relief events, termination, data protection, governing law and dispute resolution.