The UK voted in favour of Brexit, which means that the UK is
likely to leave the EU at some point. The when and the how remain
unknown, but several options can be expected. Any agreement between
the EU and the UK concluded as a part of this Brexit may affect
markets that our clients are active in. Once notice under Article
50 TEU is given, negotiations on these agreements between the EU
and the UK will start. That is when companies should try to
influence the decision-making process and those parts of the
agreements relevant to their industry. The uncertainty surrounding
Brexit makes it difficult to make strategic decisions right now
because of all the unknowns surrounding the exit. But clients can
prepare for these negotiations by identifying what their interests
are in any of several Brexit scenarios. Click on read more
for additional background and suggested action points.
We set out some potential models for a Brexit in our
Brexit Q&A. All models are based on negotiable trade
agreements between the UK and EU. These can affect businesses, and
may trigger several restrictions. For a business, lobbying is an
essential aspect of influencing the decision-making process and
trying to limit negative effects and restrictions. If you are not
at the table, you're on the menu.
Stay informed. The daily Brussels Playbook by Politico.eu is an
excellent way to stay updated on developments in Brussels, as it
summarises the goings-on and what should be monitored. During
uncertain times, this daily update proves an effective way to keep
up to speed.
Identify interests and decide on priorities now. Delegating this
task to a Brexit taskforce in the company is extremely helpful and
will enable companies to hit the ground running as soon as the
actual Brexit negotiations start.
Liaise with national or European trade associations and build
coalitions with other companies. Coalitions can be extremely
effective. However, an individual lobby may also be necessary since
coalitions may need to compromise.
Spend time in Brussels. Lobbying does not only happen in
scheduled one-on-one meetings. Conferences and social events are
Don't forget your home country. Lobbying at the national
level may also be an effective way to influence the decision-making
process in Brussels. This can be achieved through trade
associations, regulators and, of course, national governments. The
European Council is likely to play an important role in the Brexit
negotiations on the EU side.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
The government has been working to incorporate the changes required as a result of the OECD's work on BEPS Action 5: Harmful Tax Practices, which requires implementation of a Nexus approach to the Patent Box regime.
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).