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There is a consequence if elements of the negotiation aren't concluded by the end of the transition period
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However, post-transition, it means the equivalent of 'no-deal'
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The difference is that there's a lot more ground to be covered, a lot less time, and rather less agreement about what's desired
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That means cases to international courts, which will be both much slower than CJEU referral and with less power to apply penalties
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/end