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This article was published on August 2nd, 2017
A top judge has called on the Government to clarify its stance surrounding corporate law disputes after Brexit.
Lord Chief Justice Thomas, who is head of the judiciary in England and Wales stated that “English law and the English courts will be used to resolve business disputes after Britain has withdrawn from the EU in 2019”.
However, he has urged the Government to clarify the position, particularly the mutual recognition of judgements throughout Europe, which currently happen automatically under EU law.
In a speech, Lord Thomas said: “Brexit will not change the substantive content and application of English contract law — as it was never part of EU law”.
He also added: “It is the wish of the entire legal community to continue to assure businesses here and elsewhere in the world that using English law . . . will continue to be the same after March 2019 as it is today.”
He insisted that the Government must clarify the position as contracts are being made every day which will be binding for years to come.
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