belgium sets up englishlanguage business court
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

To Cash In On Brexit

Belgium sets up English-language business court

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Belgium sets up English-language business court

Belgium sets up English-language business court to cash in on Brexit
Brussels - AFP

Belgium is setting up a new English-language court to settle international business disputes in the latest move by an EU country to try to lure companies away from London after Brexit.

The Brussels International Business Court will hold hearings and issue judgments in English and the government said it expects Britain's departure from the EU "will only increase the number of these disputes" that need to be resolved.

Fierce rivalry has erupted among European capitals to seduce banks, insurers and other firms looking to relocate from London since Britain's shock vote last year to quit the EU.

"If we are to make Brussels a hub for international business, those concerned must be able to resolve their legal disputes without going overseas or resorting to private arbitration," the government said in a statement announcing the plans on Friday.

"According to forecasts, Brexit will only increase the number of these cases and Brexit means it will no longer be as simple to go to a London court."

Judges will be chosen for their specialist expertise and there will be no appeal against the court's judgments, which the government said will ensure swift, decisive results.

An exodus of major finance houses including HSBC and JPMorgan from London is already on the cards, while the slow pace of Brexit talks and growing threat of Britain crashing out of the EU in March 2019 with no legal deal in place are making businesses more nervous than ever.

Prime Minister Charles Michel said the English-language court, billed as a first in a non-English speaking country, would add to Belgium's appeal as a base for companies dealing in contracts in English.

"The European Union's development cannot be held back by Brexit. Our country is seizing the moment to offer a new judicial tool," Michel said in a statement.

"The competence and independence of our judges will help make this new jurisdiction extremely attractive."

Talks between London and the EU on the terms of Britain's departure have hit trouble, largely over the question of how much the UK will pay as it leaves. A sixth round of negotiations is expected in the coming weeks, but no date has been announced yet.

Source: AFP

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

belgium sets up englishlanguage business court belgium sets up englishlanguage business court

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

belgium sets up englishlanguage business court belgium sets up englishlanguage business court

 



GMT 10:31 2014 Tuesday ,23 December

Mirages of failure: Lebanon cannot wait

GMT 05:14 2024 Wednesday ,07 February

Sophisticated Classic Dining Room Design Ideas

GMT 18:06 2017 Wednesday ,05 July

Palm-sized baby born in UAE

GMT 06:16 2017 Thursday ,14 September

Saudi aggression wages 15 air strikes on Haradh, Medi

GMT 00:51 2016 Thursday ,01 December

Net Asset of South Korea's Overseas Funds Rise

GMT 16:18 2016 Saturday ,12 November

Indian bank shares slump as new notes prove elusive

GMT 07:16 2017 Monday ,11 September

Saudi warplanes hit Taiz

GMT 00:05 2017 Wednesday ,26 July

Leadership congratulates Tunisian presiden

GMT 06:57 2012 Thursday ,31 May

The Jump Off

GMT 06:16 2012 Thursday ,25 October

Sudan accuses Israel of air raid, threatens action

GMT 01:11 2017 Thursday ,06 July

Decree for restructuring Ajman realty offices

GMT 12:04 2012 Sunday ,06 May

Poetry For Dummies

GMT 15:12 2012 Sunday ,26 February

Sex-guide according to your age

GMT 07:45 2012 Thursday ,08 March

Zafran: Michelin-star food in a mall

GMT 18:38 2017 Saturday ,09 September

Why Indian cities must go for low-carbon energy

GMT 20:36 2017 Saturday ,28 January

Serena Williams Wins Record 23rd Grand Slam Title

GMT 04:07 2017 Friday ,01 September

5.2 magnitude quake hits southern Iran
Emiratesvoice, emirates voice
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice