“The formal process for the UK’s departure from the EU began on 29 March 2017 when the UK Government notified the European Council under Article 50 of the Lisbon Treaty of its intention to leave the EU. This started a two year period in which to negotiate a withdrawal agreement (this period can be extended if all 28 member states agree). If no agreement is reached within that period the UK will leave the EU on 29 March 2019 (or the end of any agreed extension period). If a withdrawal agreement is reached, the date on which the UK will leave the EU will be the date when that agreement takes effect, which is any date that the parties may choose, so could well be after March 2019 …” (more)
[Chris Shelley (Penningtons Manches LLP), 24 May]
First posted 2017-05-25 07:46:03
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