The Lugano convention for Legal services broken by Brexit, can we rejoin?
International Legal services broken by Brexit
Boris Johnson has spent decades agitating against the European Union and the last five years battling to free the United Kingdom from the shackles of regulation from Brussels. Now he’s in the awkward position of finding himself at the mercy of EU leaders for permission to rejoin an international treaty, or risk devastating Britain’s multi-billion-dollar legal services industry.
The agreement in question is called the Lugano Convention, and essentially it establishes the jurisdiction of national courts, guaranteeing the legal recognition and enforcement of a wide range of civil and commercial judgments in cross-border disputes.
London is widely regarded as the global capital for international dispute resolution, thanks to England’s world-class legal system and courts. It is a broad and highly lucrative industry, dealing with everything from family disputes to international business operations. And a long-term failure to rejoin the Lugano Convention could represent a grave threat to the UK’s world-beating legal services sector, as well as creating difficulties for large companies and ordinary people alike.
This is tricky for the British prime minister, both politically and economically. According to the Law Society, legal services added nearly £60 billion ($83 billion) to the UK economy in 2018, while in 2017 exports of legal services hit £5 billion ($6.9 billion).
The explosive Brexit spat that no one is talking about could slam the UK economy – CNN – July 2021
Bowler hat man explains the situation
Legal services is a major UK export, but membership of the Lugano Convention has been a considerable advantage. Now Legal services broken by Brexit!
A conscious choice by Boris not to have to comply with foreign and EU law. Now Boris suddenly wants British case law to also apply abroad. Brexit is Brexit, both ways.
Wim N. commenting on The explosive Brexit spat that no one is talking about could slam the UK econo
Boris Johnson is in the awkward position of finding himself at the mercy of EU leaders for permission to rejoin an international treaty or risk devastating Britain’s multi-billion-dollar legal services industry.
UK is already excluded from the Lugano Convention. The decisions was made many months ago. This is another example of UKs refusal to face reality and demanding renegotiations. There is no room for new negotiations.
no clue commenting on The explosive Brexit spat that no one is talking about could slam the UK economy – July 2021
No non-EFTA or non-EU countries are part of the convention as it it covers legal matters crossing jurisdictions within the EU and EFTA areas and the EU is primus inter pares where accession is concerned as the Lugano convention is based around Council Regulation (EC) No 44/2001 which is EU law. This means that whatever country wishes to sign up, the EU has final say, but will take into account any objections from the other signatory countries.
0cypher0 commenting on The explosive Brexit spat that no one is talking about could slam the UK economy – July 2021