The UK has now left the EU. But the consequences of Brexit are far from resolved.

Under the terms of the Withdrawal Agreement, the UK and the EU have entered a transition (or implementation) period. As things stand this will run until 11 pm UK time on 31 December 2020 (if no extension is agreed). Until then EU law will continue to apply in and to the UK, and the UK and EU will essentially continue to act as if the UK remained an EU Member State (albeit without any UK representation in the EU's institutions).

While the transition period limits the immediate impact of the UK's exit from the EU, it is important to understand that this is not the end of the separation process.

The UK and EU are about to embark on detailed negotiations on the details of their future relationship. If no agreement can be reached (or is not finalised and ratified) before the end of the transition period, this will lead to another 'no-deal' scenario at the end of the year.

Businesses should, therefore, keep a close eye on negotiations and their 'no deal' plans close to hand. We are uniquely placed to address the many questions our clients may have throughout the transition period, providing pragmatic and informed thought from our leading EU and constitutional law practice, as well as the expert views from our lawyers across all affected areas.

Scroll down for more commentary and insight.