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Product liability & compliance
We’d be happy to discuss your Brexit transition across these areas. Please reach out to your Cooley contact if you have any questions.
Antitrust & competition
What changes can be expected for UK competition law?
The EU-UK Trade and Cooperation Agreement does not bring major changes to UK competition law. Whilst the agreement presents a slightly different terminology to what we are familiar with, the common principles appear largely the same as under the existing regime. In terms of jurisdiction, the European Commission continues to be the competent authority for UK antitrust cases initiated before 31 December 2020. The only exception to this rule is where the anticompetitive conduct is still ongoing at the end of the transition period and may have an effect on trade in the UK. In those circumstances, the UK Competition and Markets Authority may investigate facts from 1 January 2021 onwards. For all other cases that have not been formally initiated
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The U.K. and the EU conclude the EU-UK Trade and Cooperation Agreement, which entered into force on December 31, 2020.
The Agreement provides guidance on origin rules that must be met for products to benefit from duty-free movement between the U.K. and the EU.
Other trade topics such as export controls, product regulation, sanctions and trade remedies are not (substantially) addressed by the Agreement, but are nevertheless impacted following the end of the Transition Period between the U.K. and the EU.
On December 24, 2020, the United Kingdom (U.K.) and the EU concluded the EU-UK Trade and Cooperation Agreement (TCA). The TCA sets out preferential arrangements in a number of different areas, including the trade in goods, and became applicable on December 31, 2020, at 11 pm U.K. time, when the Transition Period between the U.K. and the EU ended.