International Comparative Guides | 18 November 2019
The UK has long been one of the leading shipping hubs, this role having been enhanced by its European Union membership and involvement with and contribution to the operations of EU institutions, as well as being the largest and most influential common law country to have joined the EU. This role changed, however, once the UK submitted, on 29 March 2017, the notification of its intention to withdraw from the Union pursuant to Article 50 of the Treaty on European Union (the “Brexit”). This means that once the Brexit process is completed (the “Withdrawal Date”) , all European Union primary and secondary law will cease to apply to the UK, save for the agreed or residual legislation. Further, the UK will then become a ‘third country’ in accordance with EU rules and regulations.