On 29 March 2019 the British leave the European Union (EU). Although the EU and United Kingdom (UK) agreed on some points – there will be a transition period, for example -, the modalities of Brexit are not settled yet because it is still open whether there will be a “hard” or “soft” Brexit. Nevertheless, companies should start to prepare now.
The following article shall sensitize companies to the up coming changes. Furthermore, it offers methods of resolution. In doing so, it makes no claim to be complete but to be an introduction to the challenge Brexit. The article assumes there will be a hard Brexit.