BREXIT BACK AND RELAX
After the ratification of the Withdrawal Agreement by the UK Parliament on January 24, 2020, the EU Parliament has ratified the Withdrawal Agreement on 29/01/2020.
This means the UK officially left the EU on Friday January 31, 2020.
However, the Withdrawal Agreement provides for a transition period until December 31, 2020 to allow the EU and UK to further negotiate a trade deal. During this transition period, the UK will no longer be an EU member state but it will continue to follow the EU rules and contribute to the EU budget.
This means that EU trademarks and other unitary intellectual property rights will continue to be in force in the UK until December 31, 2020, after which the equivalent UK rights system will be introduced. Equivalent UK rights will thus be (automatically) created as of January 1, 2021.
These dates may still be extended by the EU and UK.
We have made the necessary arrangements to continuously assist you in all EU and UK matters during and after the Transition Period. Please do not hesitate to get in touch if you would have any questions.
Pieter DE GRAUWE