Article, Courts

Will European initiatives to create international commercial courts be attractive enough for foreign litigants post Brexit?

Sophie Hunter

Guy Canivet, president of the High Legal Committee of the Financial Platform of Paris recently told the press that Brexit is a real eye opener, because it triggered the need to come up with an alternative to London, in order to better respond to a change in relation between the UK and parties from the continent. With the deadline of the Brexit looming ever closer and growing tensions fueled by the uncertainty of its outcome, competition between major European capitals is under way to fulfill the gap that will be left by London on March 29 2019. Paris, Frankfurt, Amsterdam and Brussels have recently announced or created specialised international commercial chambers in their jurisdictions.

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