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How should your company prepare for Brexit?

In the face of continuing uncertainty, the best advice for firms is to think through how operations may be affected and conduct a rigorous risk assessment, write Constantin Achillas and Robert Bell

7 April 2017

A common point of discussion among multinational companies is the question of what steps need to be taken to mitigate the risks Brexit poses. The UK handed in its article 50 notice on 29 March 2017, leaving a two-year period of negotiation before its exit from the EU in March 2019. That is where the certainty ends. An agreement could be reached before that date which sets out a clear process and the UK’s exit terms. Conversely, the UK and EU could fail to reach an agreement, leaving the UK outside the EU in April 2019 without a trade treaty.

The view from the UK

There is no doubt that Brexit will bring at least some change to the UK business environment from April 2019. For instance, visa requirements for EU nationals are likely to change, regulatory requirements may begin to diverge, and the supremacy of the EU’s i...

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