EU27 approves Brexit extension
Last night, the EU27 has unanimously agreed with an extension of Brexit until May 22, 2019 provided that the UK agrees to the Withdrawal Agreement which is scheduled for another vote in Parliament next week. If Parliament does not approve the Withdrawal Agreement, extension is granted until April 12, 2019. This additional extension implies that all options are open again.
Nevertheless, the EU continues to make no-deal Brexit preparations.
Even though this development is a major step towards an orderly Brexit, we continue to advise companies to make no-deal Brexit preparations as well until a final decision is made.