English and Welsh law underpins global appeal of Britain as business destination
England and Wales is a highly attractive jurisdiction when it comes to international commercial contracts - and that hasn't changed because of Brexit, the Law Society of England and Wales said today.
The Society's president, Robert Bourns, said:
'We have the best law firms in the world. Their expertise and experience has been built up over many years and they set the global standard.
'English courts also have a world reputation for independence and expertise. Our judges are held in high esteem internationally for their commercial nous and for the reliability of their decisions.'
English contract law is largely unaffected by EU law because it derives from common law.
If there are specific terms in contracts which relate to EU law or where UK domestic law might be expected to change, the flexibility of English contract law is such that it will allow the contract to adapt.
'The bottom line is that English and Welsh solicitors, our law firms, and our judges can be relied on and are the best. English contract law is used across the world because it offers certainty, stability and predictability.
'None of this changes because of Brexit.'
Notes to editors
About the Law Society
The Law Society is the independent professional body that works globally to support and represent its members, promoting the highest professional standards, the public interest and the rule of law.
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