The default legal position is that the UK will leave the EU automatically at 11pm on 29 March 2019 with no "deal" in place, unless something else is agreed. The current political deadlock in the UK is unprecedented so it is difficult to predict what will happen next.
While some issues are common across industries, the limited shelf-lives, comprehensive regulatory framework and cross-border supply chains means that the impact of Brexit is particularly far-reaching for food and beverage products. The key areas affected are trade, people, regulation and supply chain contracts.
Much about Brexit remains unclear so deciding what changes to make and when is challenging. However what is clear is that you should make sure you have identified potential impacts and have a contingency plan in place so you are in a position to move quickly.
In this publication, Hogan Lovells partner Richard Welfare and associate Josefine Crona analyze the potential impact of Brexit on the Food and Beverage Sector. Click here to read the full article.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.