Law360 interviews Morgan Lewis partner William Yonge about a draft treaty the European Union has signed with Britain on its exit from the bloc, including a 21-month transition deal.
“We still have to assume the worst: a cliff-edge Brexit with no transitional period,” Yonge said in the article. “One could take a view that the transitional period will come to pass, in which case one could decide not to implement contingency planning until the start of the transition. But that in itself would be taking a risk.”