The updated State Aid section of our Brexit Legal Guide is now available.
This provides a useful overview, amongst other things, as to whether:
- during the transition period the existing State aid rules will continue to apply to and in the UK;
- after the expiry of the transition period, the Commission will retain jurisdiction in relation to any State aid matters initiated before the end of the transition period;
- post-transition the UK will take the opportunity to shape its own State aid regime, away from the existing rules applied across the EU;
- the proposed new approach would seek "dynamic alignment" with EU State aid legislation or would opt for more permissive regime that follows WTO rules.
If you would like to discuss specific arrangements for support through the risks of the move to an uncertain future relationship, on how you might express the concerns of your business to governments, on dispute risks that may arise, or on any other questions or challenges you have, please do contact your regular Herbert Smith Freehills relationship contact, or otherwise any of our experts listed here.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
