Foreign jurisdictions eye Brexit boost


Pleased to hear that the Law Society is going to work tirelessly to promote England and Wales as a jurisdiction to continue to do business in. We must strive to reassure the world that the efficacy of English law which substantially predates and is independent from membership of the EU and that the governing law and jurisdiction of England and Wales can continue to be relied on in cross border contracts.

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... some have already started to press for changes in governing law and jurisdiction clauses in cross-border contracts...Other competing jurisdictions have an eye to the main chance, exploiting any perceived uncertainty or threat to independence. Some misrepresent the situation...He noted that ‘Brexit is a fact’, while stressing what is at stake. Many solicitors rely heavily on access to the single market for their livelihoods, he added, while some 200 foreign law firms have offices in the UK and almost 6,000 Society members work in foreign-owned firms or abroad. EU.