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Rapid Response Team: 0800 559 3500
Switchboard: +44 (0)203 947 1539
Rapid Response Team: 0800 559 3500
Switchboard: +44 (0)203 947 1539

Legal Director Syed Rahman outlines for Law360 the business implications of the UK taking a different approach to state aid in the wake of Brexit

Author: Syedur Rahman  1 January 2020

Current European Union rules make it illegal for EU countries to give state aid to companies that would interfere with fair competition in the European internal market.

But in the wake of Brexit having been completed, there is the issue of whether the UK will continue to follow the EU regarding state aid. With the UK’s withdrawal agreement having signalled a commitment to preventing unfair competition, Rahman Ravelli’s Syed Rahman outlined for Law360 some possible future developments.

While the EU is keen for its members and the UK to be closely aligned when it comes to state aid, the UK is no longer bound by EU regulation. As a result, it can take an entirely different approach to that taken by EU countries.

This may be a course of action that is taken if the government decides that some struggling industries require assistance. But this may cause conflict with the EU - and in the European markets that the UK is keen to remain trading in.

Syed’s comments featured on Law360.

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Syedur Rahman is known for his in-depth experience of serious fraud, white-collar crime and serious crime cases, as well as his expertise in worldwide asset tracing and recovery, international arbitration, civil recovery, cryptocurrency and high-stakes commercial disputes.

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