LegalUK commissions new research revealing the enormous economic value of English law

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.