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Brexit – The Divorce Bill

On 1 January 1973, the United Kingdom acceded to the treaties constituting the European Communities. Just over a year later, one of England’s greatest judges, Lord Denning, remarke...

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Date: 07/06/2017

Authors:

Charles proctor colour 2017

Charles Proctor

Partner

On 1 January 1973, the United Kingdom acceded to the treaties constituting the European Communities. Just over a year later, one of England’s greatest judges, Lord Denning, remarked that Community law “…is like an incoming tide. It flows into the estuaries and up the rivers. It cannot be held back…”

The present state of EU/UK relations suggests that Lord Denning’s tide is beginning to ebb. Indeed, to continue the analogy, it appears that this green and pleasant land may be due for a wholesale environmental clean-up.

The representatives of the UK and the EU have not yet even sat down at the same table, but there are already signs of serious tensions between the two sides. The size of the Brexit bill and the EU’s proposed structure for the negotiations are but two of the immediate areas of dispute.

The attached briefing therefore examines the current situation, with particular reference to the financial settlement and the United Kingdom’s financial obligations.

Brexit – The Divorce Bill (click here for PDF of briefing)


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