On 24 December 2020, the UK and the EU reached a new Trade and Cooperation Agreement. This impacts how solicitors and law firms provide services and their establishment within the EU. It will also have consequences for practice areas such as intellectual property law, anti-money laundering and VAT.
The full text of the free trade agreement (FTA) with the EU has been published. Representatives of the EU27 have agreed to its provisional application on 1 January 2021 and it is now subject to ratification by the European and UK Parliaments.
The Law Society has published an initial analysis, which we’ll update in the coming days and weeks.
The agreement does not cover civil or commercial judicial cooperation or family law, where our earlier guides are still relevant.