Trade & Manufacturing - April 2019

Brexit on the Brink: The United Kingdom’s Plan for Brexit Remains Uncertain as the European Union Agrees to Extend the Deadline for Brexit -

On March 29, 2019, Parliament voted down, for a third time, Prime Minister Theresa May’s plan for the United Kingdom to leave the European Union (“EU”). As a result, it remains unclear what the next steps for the Brexit process will be. Currently, the United Kingdom is scheduled to leave the European Union on April 12, 2019, which is the new deadline for Brexit after the EU extended the existing deadline, which had been March 29, 2019.

Given that a majority of the members in Parliament opposes a departure from the EU without a withdrawal agreement, the United Kingdom is likely to request a further extension of the departure date. Nonetheless, it is worth noting that a significant minority of Parliament -- most of whom are members of the governing Conservative Party -- would prefer to leave the EU without a withdrawal agreement. As a result, it is still possible that the United Kingdom could leave the EU without adopting a formal withdrawal agreement.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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