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Allen & Overy is an international legal practice and trusted counsel to the world’s leading companies, financial institutions and public sector organisations. In this series of podcasts, our lawyers share their perspectives on today’s most significant global legal, regulatory and commercial issues. Disclaimer: Podcasts are not legal advice. Laws may have changed since a podcast was recorded.
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Wednesday Feb 27, 2019
Wednesday Feb 27, 2019
At the heart of what Brexit will actually mean for business are the UK’s terms of trade with the EU27 and the rest of the world after it leaves the EU. The continued uncertainty over the terms of the UK’s withdrawal from the EU have brought into focus the prospects of the UK leaving the EU without an agreement in place (a so-called “hard Brexit”). One of the well-publicised consequences of this would be that the UK would have to rely on World Trade Organisation (WTO) rules to trade with the EU and certain third countries with which the EU has concluded free trade agreements (and vice versa).
In this episode of our Brexit podcasts, Senior Associate in our International Trade and Regulatory Law Group, Jonathan Benson, introduces the key concepts in the WTO rules and discusses key considerations for businesses operating under such a trading regime post-Brexit.