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Amidst daily reports about warring factions in the British government and stalling negotiations between the UK and EU, a conference in Brussels that took place last week took a sober view on the legal consequences of Brexit. In short: They are mind-boggling and perhaps even more complex as previously assumed.

How exposed is your company to Brexit?

The clock is ticking. There is only a little more than one and a half years left until the UK will leave the EU. So far negotiations have not yielded more certainty about the future relationship between the UK and the EU, let alone that of Norway and the EU.

Fisheries are one of the most important economic sectors in Norway. While in contrast the sector only has marginal economic significance in the UK, “taking back control of UK waters” is politically a charged topic in the UK. Brexit will affect the economic interaction between Norway, the UK and the EU in catching, managing, raising and selling fish in a number of ways.

Ever since the UK’s referendum on Brexit, many commentators have pointed to the huge uncertainty that the withdrawal of the UK from the EU creates for citizens and businesses in the UK, the EU and also the EEA. A report published by the Norwegian foreign ministry now indicates that this uncertainty might be even greater as regards the relations between Norway (and other EFTA EEA States) and the UK going forward.

A team from Kluge Advokatfirma, lead by partners Thomas Abrahamsen and Snorre Haukali, has together with Kanter Advokatbyrå KB assisted the sellers of Oglaend System Group in the sale of the group to Liechtenstein global player Hilti. The transaction is subject to approval by antitrust authorities.

Chambers Europe have in their latest edition given Kluge top position in two of our core areas, Competition / Antitrust Public Procurement and Real Estate: Construction.