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Cyber and Data Privacy

Beyond Brexit: How Does the New Relationship between the UK and EU Affect Technology Transactions?

The end of the Brexit transition period and the implementation of the new UK/EU Trade Agreement have had a significant impact on technology transactions throughout Europe. Businesses entering into Europe-wide technology engagements should pay particular attention to the effects on technology licensing, data privacy and international data transfers, employment and immigration rules, and financial services regulatory requirements.

Brexit – Data protection after the Brexit transition period

Whilst the UK left the European Union (“EU”) on 31 January 2020 (“Exit Day”) it remained within the EU’s legal framework during the Brexit Transition Period (“Transition Period”). When the Transition Period ends at 11:00 p.m. GMT on 31 December 2020 (“Completion Day”), EU law that was enacted before Exit Day applies in the UK as if it were national law by virtue of Section 3 of the European Union (Withdrawal Agreement) Act 2020 (“Withdrawal Agreement”).

Brexit – Intellectual property after the Brexit transition period

Whilst the UK left the European Union (“EU”) on 31 January 2020 (“Exit Day”) it remained within the EU’s legal framework during the Brexit Transition Period (“Transition Period”). When the Transition Period ends at 11:00 p.m. on 31 December 2020 (“Completion Day”), a suite of IP-related statutory instruments (as amended) (“IP Regulations”) will come into force, which amend the UK’s intellectual property (“IP”) regime to reflect the end of the Transition Period.