The Government today published an important document related to its no-deal planning (code named “Operation Yellowhammer”). This document reveals the Government’s view (as of 2 August 2019) as to the reasonable worst case scenario expected in the event of a no-deal Brexit. The Government was legally required to disclose this document following a motion introduced in the House of Commons on 9 September 2019 (which passed by 311 votes to 302 votes) prior to the proroguing of Parliament on the same day.
The Yellowhammer document identifies significant risks associated with a no-deal Brexit, which is currently due to occur in just 7 weeks (31 October 2019). Our updated Brexit Legal Guide covers the impact to businesses across several sectors in the event of a no-deal Brexit.
If you would like to discuss specific arrangements for support through the risk of a no-deal exit or on dispute risks that may arise, or on any other questions or challenges you have, please do contact your regular Herbert Smith Freehills relationship contacts, or any of the experts listed here.