Article 50 Extension Agreed

11 April 2019
UK&EU2

At last night’s EU Summit, the UK and the EU agreed to an extension of the Article 50 period to 31 October 2019 on the condition that the UK participates In elections to the EU Parliament, which are due to take place on 22 May 2019.

The UK will therefore not leave the EU on 12 April.

However, the possibility of a ‘no deal’ has not been removed, and remains the legal default on 31 October unless and until the Withdrawal Agreement is passed by Parliament, or Article 50 is revoked.

We would therefore encourage firms to review the advice and guidance on mitigating the impact of ‘no deal’ which the CLC has already produced, and continue to make the appropriate preparations.

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