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
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.