Why You Need Transition Due Diligence

Make certain your business or organisation is ready for Transition. I will carry out an assessment of your business and make the necessary recommendations and ensure that your business is ready to grasp the opportunities in 2020.

It is important to view Transition as an opportunity to:

  • Re-visit all of your commercial dealings
  • Existing commercial contracts
  • International data transfers as a ‘third country’
  • (IP) Intellectual Property
  • Re-assess budgets
  • Implications of tax/VAT
  • Employment issues
  • General Data Protection Regulation (GDPR) and corporate governance.

Although, GDPR will still be law post-Brexit, the relationship between the UK and EU with regard to data protection continues to be negotiated to ensure that the information rights of UK citizens are not affected.

The Prime Minister continues to make the case for an ongoing role for the ICO – whether that’s a seat on the European Data Protection Board with voting rights or some other form of relationship that will be decided between the government and the EU. Linda will continue to monitor the situation to enable keep her clients up to date. However, there is every likelihood that the UK will be regarded as a ‘third country’ post Brexit which will have an effect on international agreements and the necessity for standard contractual terms and other measures.

Bigger corporates have already created “Head of Brexit” positions and supporting staff to ensure that they are prepared for  Transition in 2020. The service I offer gives you all the benefits within your organisation’s budget.


2019 and Transition

It is clear that preparation for Transition needs to be undertaken now. The consequences of not taking immediate action could be costly and affect your ability to compete in the new business environment.

The negotiations for the UK’s exit from the European Union and the proposed transition period February to December 2020 mean it is vital for businesses to be fully prepared for any changes of legislation that may result from the outcome of the governments’ negotiations.

To book a Transition Assessment contact Linda Bazant now

Advance Preparation for the Challenges and Opportunities for UK Business in 2020

  • Advance preparation for the possible cost implications so that they are not a “big hit” in 2020
  • Compliance with GDPR as a ‘third country’
  • Full preparation for any changes of legislation that may result from the outcome of the governments negotiations
  • An awareness of how much of your current business set up is reliant on the EU and how you may need to re-structure your business to accommodate change
  • An awareness that, although there is a proposed transition period from February to December 2020, a “wait and see” approach could be detrimental to your business. You need to prepare now!

Businesses Must Ensure That

  • Customer and supplier contracts are robust, up to date and legally compliant;
  • Intellectual Property is properly registered in the relevant territory;
  • Tax / VAT implications are addressed;
  • Employee immigrant status is checked;
  • Foreign currency and exchange contingencies are in place;
  • Data Protection procedures are up to date and GDPR compliant;
  • You are prepared for tariff charges.

To book a Transition Assessment contact Linda Bazant now

Need Information on how I can help you?

email : Linda@LindaBazant.com or call +44 7957 422 069

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