Aug 13, 2019

UK State Aid in a Post-Brexit World

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The draft agreement on the U.K.’s withdrawal from the EU (the Draft Withdrawal Agreement), published on November 14, 2018, still sets out the only agreed terms of the divorce element of the U.K.’s withdrawal — despite the delays and extensions.

It provides for a transition period (currently up to December 31, 2020 — although this date will presumably be amended to take account of extensions to the Article 50 process) during which it will be ‘business as usual’. The Draft Withdrawal Agreement also contains a Protocol designed to maintain an open border between Northern Ireland and the Republic of Ireland, should the U.K. leave the transition without securing a deal to govern its future relationship with the EU (this is known as the Irish backstop).

Read this chapter in Shearman & Sterling’s 2019 Antitrust Annual Report, “U.K. State Aid in a Post-Brexit World.”

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James Webber

Partner

Antitrust

+44 20 7655 5691

+44 20 7655 5691

+32 2 500 9800

+32 2 500 9800

London

Mark Steenson

Senior Associate

Antitrust

+44 20 7655 5602

+44 20 7655 5602

London

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