At the risk of woeful understatement, the City responded to the referendum result with some surprise and disappointment. The Leave vote may not be legally binding, but the government has committed itself to implement Brexit and it is a question of understanding the consequences.
When drafting legal documentation pertaining to a sophisticated financial transaction, there is a lot to consider. The relevant agreements can be voluminous and the concepts reflected most certainly complex. Probably one of the more underestimated matters in this process is the jurisdiction clause.
Drawing on specialist judges from both the Chancery Division and the Commercial Court, the Financial List was introduced on 1 October 2015 and is designed to deal with disputes related to the financial markets, as well as complex, high-value claims concerning financial products.
Following the result of 23 June 2016 Brexit referendum, many British citizens are concerned with what potential travel restrictions and immigration regulations may be implemented when travelling to EU countries after the UK leaves the EU. A number of potential scenarios have been identified.
Of all the clauses in a contract, dispute resolution provisions require perhaps the greatest degree of crystal ball gazing. Contract drafters need to ensure that the clause will be effective in putting any dispute in the hands of a competent and effective court or tribunal at the earliest opportunity. But now we have Brexit. We … Continue reading “Dispute resolution provisions: the impact of Brexit”
The implications for the Scottish market in light of the recent Brexit vote, like the rest of the UK, remain unclear, with the inevitable lengthy negotiation period on the terms of our exit still yet to come. Many of the same issues arise here as in the UK, but there are a number of Scottish … Continue reading “Brexit: so many angles north of the border”
In July 2012, the UK government made significant changes to the adult dependant relative immigration route which previously fell for consideration under Immigration Rule 317. The new rules contained in Appendix FM significantly changed the criteria for this visa category to the extent that, now, comparatively few applicants are successful and the category is all … Continue reading “Adult dependant relatives and the ‘impossible’ threshold”