There has been little immediate change in the legal environment since the UK voted to leave the European Union (Brexit) as the UK has to give notice of its intention to withdraw from the EU, which then starts a two year period in which the UK and the EU negotiate the terms of withdrawal.

The Prime Minister, Theresa May, has stated that Article 50 will be triggered on 29 March 2017 (which will start the two year period) and that the Government plans to introduce a Great Repeal Bill in the next Parliamentary session. On 17 January 2017, she set out the 12 principles that the Government will use to negotiate the UK's exit from the EU. On 02 February 2017, the Department for Exiting the European Union published a White Paper setting out the basis for these priorities and the approach to forging a new strategic partnership between the UK and the EU. The final agreement will be put to a vote in both the House of Commons and the House of Lords.

The European Union (Notification of Withdrawal) Act 2017 which gives the Prime Minister the power to give notice under Article 50 received Royal Assent on 16 March 2017.

The UK’s exit from the European Union does, however, raise crucial issues as to the potential legal consequences and impact on business activities in the UK.

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This document (and any information accessed through links in this document) is provided for information purposes only and does not constitute legal advice. Professional legal advice should be obtained before taking or refraining from any action as a result of the contents of this document.