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.'
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