Navigating your business through Brexit: four ways DLA Piper can help

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The key to navigating Brexit successfully is informed analysis, accurate forecasting and practical contingency planning. DLA Piper’s dedicated Brexit team has the political, policy and legal capability to provide tailored advice on how to mitigate risk and maximise opportunities, wherever in the world you do business.

What does Brexit mean for business?

In a word, change. On 29 March 2019 the UK is set to leave the EU’s Single Market and Customs Union of frictionless trade and regulatory cooperation between 28 States, unless a temporary transitional agreement allows the UK to remain in both while a Free Trade Agreement is negotiated. UK-based companies that do business with the EU, or with the 50 or so countries with which the EU has free trade agreements, will be significantly affected by this change, including the many multinationals that use the UK as a gateway to the EU. EU companies that do business with the UK will be similarly affected.

With this change comes significant commercial risk: in short, the loss of barrier-free, uniform terms of business across the EU, and the legal uncertainty of what will follow. Opportunities tend to be more overlooked, but they too will arise. For example, from sterling exchangerate fluctuations, changes in UK business regulation as it diverges from EU regulation, a greater focus on domestic supply chains, and the opening of new trade routes under UK trade agreements.

Being able to read the negotiations early, and draw the right conclusions, will be critical to mitigating the risks and seizing the opportunities that arise from Brexit.