By Alice Gardner
The only certainty we currently have with Brexit is that the UK will cease to be a member of the EU on 30 March 2019 if the UK government does not finalise a withdrawal agreement with other member states (or agree an extension of time with the European Council) by midnight on 29 March 2019.
It was hoped that withdrawal negotiations would by now be well underway and businesses would have a clear idea of the likely landscape in March as regards staffing, exports, cross-border services and intellectual property etc. As we currently stand though, people are starting to think more about the “no deal” scenario.
If there is no deal, the UK will become a “third country” from 30 March 2019. From a company law perspective this would mean that the legal personality and limited liability of UK companies which have their central administration or place of business in one of the remaining 27 EU member states may not be recognised.