The case
London ranks among the top positions when it comes to international legal disputes: Reliable English law, independent judges and qualified lawyers make the British capital a popular venue for commercial contracts. A survey by the communications agency Portland has confirmed this: 158 cases of disputes with parties coming from 69 countries were negotiated between March 2017 and April 2018 at specialized civil commercial courts in London, a slight increase compared to the previous period. Almost 60% of the cases were conducted without a British litigation party.
However, Brexit raises one question: If the UK becomes a third country after leaving the EU in March 2019, British judgments will no longer be enforceable in the EU without any problems. This raises the question as to how many EU litigants will engage in a UK jurisdiction in the future (…). To ensure that London’s attractiveness does not suffer, the British government will have to conclude new agreements. (…) Some EU countries, such as France, are setting up their own courts, which are based on common law.
Source: Portland (NZZ, May 25, 2018)
The commentary
International arbitration is not affected by Brexit. The enforcement of arbitration rulings is based on the 1958 New York Convention, which was signed by 159 countries.