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A recent Reuters’ survey found 35 per cent of businesses have already changed their contracts so that issues are heard in courts elsewhere. Of those, 51 per cent have chosen for disputes to be heard in EU jurisdictions. All businesses surveyed conducted business internationally.
Following the publication of the White Paper on 12 July 2018, we consider the future jurisdiction of the European Court of Justice (ECJ) under the Chequers plan and contemplate just how real the risk of businesses taking legal disputes elsewhere is. Is the UK’s long-standing reputation as a global legal centre genuinely under threat?
Insurance and reinsurance
United Kingdom