English law is the preferred legal framework for global commercial maritime contracts. As a report published by the City of London Corporation notes:PwC (2016), op. cit., p. 21.
- Use of English law and UK arbitration internationally for maritime business is a cornerstone of the UK’s strength in maritime law.
Indeed, the widespread use of English law as the industry standard in maritime contracts across the globe has historically given the UK an advantage and ‘unrivalled legal and judicial expertise’.See: https://www.maritimeuk.org/about/our-sector/maritime-business-services/ (last accessed 5 May 2021).
According to the London Maritime Arbitrators Association, more maritime disputes are referred to arbitration in UK than in any other location, with London accounting for approximately 80% of maritime arbitrations.See: https://lmaa.london/about-lmaa/ (last accessed 5 May 2021).,HFW (2019), ‘The Maritime arbitration universe in numbers: One year on’, May. Specialist courts, such as the Commercial and Admiralty Courts, hear the majority of shipping litigation and have a strong reputation internationally.In 2018 and 2019, 60% of cases heard in the Commercial Court involved litigants based outside England and Wales according, see: … Continue reading
Although other maritime hubs will also have some expertise in English law, the UK is at a major advantage thanks to the number of legal practitioners and the depth of existing expertise.