The Brexit transition period ends on December 31st; it cannot be extended beyond that date. Although it seems that not much has changed since the UK withdrew on January 31, 2020, and left the EU’s political institutions, much will change on January 1, 2021, when new rules for businesses will take effect. Our expert, Simon Crown, explained what changes will take place and what we can expect.  This replay was done by Simon Crown, Partner, Clifford Chance, Interviewee and Bridget Marsh, EVP – Deputy General Counsel, LSTA, Interviewer.