Latest thinking

 

Latest thinking

Brexit — What now? The legal process of leaving

27 June 2016

Industries: Financial Institutions

Six things to know about the legal process of leaving the EU. 

What does the Article 50 of the Treaty on the European Union (TEU) process look like?

Here are six things to know about the legal process of leaving the EU:

  1. When does the UK have to notify the EU
  2. How would the withdrawal negotiations work?
  3. What will the negotiations cover? Can the negotiations realistically be completed within the period specified by Article 50 TEU and what are the consequences if no agreement is reached?
  4. Can the negotiations realistically be completed within the period specified by Article 50 TEU and what are the consequences if no agreement is reached?
  5. How will the withdrawal negotiations affect the UK’s continuing participation in the EU prior to withdrawal taking effect?
  6. Can the UK seek to disapply aspects of its EU membership before formally withdrawing?

Read the full article here.