INSIGHTS
Why businesses should choose English law
Law, its extent and method are critical to doing business; and English law provides a highly desirable system. It is predictable yet innovative; and also apolitical.
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The Oxera Report was the first serious report into the economic value of English Law as a platform for international business transactions. Philip Wood’s book is another important first: it is the first serious analysis of the risks which international businesses should be considering when they choose a legal platform for their commercial transactions.
Legal UK hopes that the boardrooms of international businesses and international finance providers will now have the tools to recognise that their choice of legal platform is a major risk factor which should be recognised by all board members.
A question I've long asked about the tense relationship between law and economics is: who does the dancing and who calls the tune? This timely contribution reminds us that they're both contributing to the same beat.
The Oxera report hits the nail on the head. It is time the true and full value of English law was recognised. It is the foundation and future of so much international trade in multiple sectors: maritime, derivatives, insurance are just three of the most important among many.
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INSIGHTS
English law is a platform that supports a significant amount of economic activity in the UK and globally.
Read moreChapter overviews
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Foreword
LegalUK was set up in 2017 by the Lord Chief Justice, as a group that is committed to encouraging, internationally, the wider use of English law and UK dispute resolution.Read -
Summary
English law underpins most contracts and transactions made within the UK, and many outside the UK. However, the value of English law (as it applies to business transactions) to society as a whole, as opposed to the legal services sector, has not been examined before. English Law is a key part of what makes theRead -
Chapter 1: Introduction
Oxera has been commissioned by LegalUK to identify the economic value of English and Welsh law (referred to in the rest of this report as ‘English law’) to the UK.Read -
Chapter 2: How does the law deliver economic value to society?
An overview of the chapter.Read -
Chapter 3: The importance of internationally mobile transactions: English law and the UK
An overview of the chapter.Read -
Chapter 4: Towards an economic valuation of English law
An overview of the chapter.Read -
Chapter 5: Key considerations in managing and promoting the role of English law
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Chapter 6: Conclusion
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Chapter A1: English law underpins significant value through internationally mobile transactions: four examples
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Acknowledgements
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Figures and tables
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