05 January 2026Publication
Jurisdiction – the “Brexit transition period gap”
The Belgian Supreme Court has held that the Hague Convention 2005 continued to apply to the UK during the Brexit transition period
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Our pan-European team of lawyers can advise you on complex legal issues for financial services companies post-Brexit.
At 11pm on 31 December 2020, the transition period ended and the UK entered into a new trading relationship with the EU under the EU-UK Trade and Cooperation Agreement ("TCA"). The deal applied provisionally from 1 January 2021, pending approval and ratification in the European Parliament. On 29 April 2021, the EU Council adopted a decision on the conclusion of the TCA, which was the last step for the EU to ratify the agreement. The TCA entered into force on 1 May 2021.
The UK has now left the EU Single Market and the Customs Union. The TCA represents a fundamental shift in the EU-UK relationship but does not address how financial services firms authorised in the UK access EU markets. Instead, firms must rely on equivalence decisions and future government regulations.
EU View
We've developed a useful online tool for financial services to continue doing business in the EU post-Brexit.
This document (and any information accessed through links in this document) is provided for information purposes only and does not constitute legal advice. Professional legal advice should be obtained before taking or refraining from any action as a result of the contents of this document.
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