Brexit may damp allure of UK courts for financial companies
Brexit could "considerably diminish" the attractiveness of UK courts to multinational financial firms if a legal framework protecting "English judgments and jurisdictional clauses", following a policy paper from the Bar Council, backed by The Law Society. The decision to pull out of the European Union puts at risk the assumption that rulings in UK courts will be recognised across the EU. Law firm Simmons & Simmons said 88% of its clients want the UK government to make a public statement on the issue, while more than 50% of its clients are thinking about moving away from English law.
By William Shaw (December 13, 2016, 5:59 PM GMT) -- Brexit will render U.K. courts less attractive to financial services firms unless the government brokers a deal to ensure English judgments and jurisdictional clauses are still respected across the European Union, a prominent legal lobby warned Tuesday....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

Access to case data within articles (numbers, filings, courts, nature of suit, and more.)

Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.

Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS