The Law Society has launched a report exhorting the merits of English common law in a bid to head off any detrimental Brexit impact on international business
The report, ‘England and Wales―a world jurisdiction of choice’, outlines the benefits of choosing English law and courts. It notes that English law is ‘flexible, predictable and stable’ and has formed the foundation of many legal systems across the world for hundreds of years.
Launching the report this week, Law Society President Simon Davis said: ‘That is true today, it was true before the referendum and it will be true regardless of the outcome of Brexit.’
The report also claims that English common law is largely unaffected by EU law and, ‘in addition, the EU regime on applicable law in contracts in cross border situations, the Rome I Regulation, will continue to apply both in the EU and in the UK after Brexit’.
