Businesses look towards European courts ahead of Brexit

28th April 2018 brexit-uncertainty

The results of a survey from Thomson Reuters Legal has found that 35% of the business involved in their research have already decided to change their contracts to ensure that disputes are not heard in the UK but rather inside the European Union. This throws into question whether London is considered still the global centre for dispute resolution. London courts have become increasingly reliant on international litigants.
Jim Leason from Reuters states 'Brexit uncertainty is causing concern as businesses want clarity over their trading arrangements for the future.' 'The English legal system and professions that support it are major contributors to the UK economy. Selecting English law and the English courts has long been the preference for international commercial arrangements.'

If you wish to discuss any aspect of a corporate matter, please telephone 01276 680000 and ask for Tony Struve or Julie Shannon. Alternatively, please email team@healdnickinson.co.uk

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Businesses look towards European courts ahead of Brexit ( 28th April 2018 )
The results of a survey from Thomson Reuters Legal has found that 35% of the business involved in their research have already decided to change their contracts to ensure that disputes are not heard in the UK but rather inside the European Union. This throws into question whether London is considered still the global centre for dispute resolution. London courts have become increasingly reliant on international litigants. Jim Leason from Reuters states 'Brexit uncertainty is causing concern as businesses want clarity over their trading arrangements for the future.' 'The English legal system and professions that support it are major contributors to the UK economy. Selecting English law and the English courts has long been the preference for international commercial arrangements.' If you wish to discuss any aspect of a corporate matter, please telephone 01276 680000 and ask for Tony Struve or Julie Shannon. Alternatively, please email team@healdnickinson.co.uk
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As a result of the cost of fraud on registered land to the HM Land Registry commission, it is recommending that a 'duty of care' is imposed on conveyancers. Those that are compliant in following the new directions will not held liable. However for those conveyancers that are not, the commission would look to recover the costs. 'Our reforms ensure that the financial consequences of fraud fall on the minority of conveyancers who do not exercise appropriate due diligence. They will also encourage best practice in the profession, and, by providing a standard set of checks, give clarity and certainty to conveyancers about their obligations in respect of identity checks,' the commission says. If you wish to discuss any aspect of a conveyancing matter, please telephone 01276 680000 and ask for Tony Struve or Michael Daniels. Alternatively, please email family@healdnickinson.co.uk
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