The ultimate form of the UK’s exit from the European Union remains a hotly debated topic. Unless some form of extension of the period of notice served by the UK is agreed in the next few weeks or the notice is withdrawn, the UK will leave the European Union on March 29, 2019. In January, the UK Parliament will be faced with a choice of accepting the Draft Withdrawal Agreement produced by the negotiating terms of the UK and the EU as at November 2018 or leaving the EU without a finalized transition agreement, the so-called “No Deal” scenario.
The Draft Withdrawal Agreement covers a number of issues of direct relevant to technology arrangements. The purpose of this update is to highlight some key risks of either the No Deal scenario or a deal on the terms of the Draft Withdrawal Agreement which relate specifically to technology arrangements and to steps to mitigate these risks.