[Assam] [assam] London is world leader for international disputes
dilipdeka at yahoo.com
Thu Jan 5 22:11:11 IST 2012
The majority of international business contracts is written under the English laws. In the last few months, the contracts written between Sonangol of Angola, Africa and our companies in USA have been under the English laws guided by a law firm in London.
So, it is not surprising that London gets the cake in international arbitration and lawsuits.
That is one easy way for UK to gather foreign exchange.
--- On Thu, 1/5/12, bbaruah at aol.com <bbaruah at aol.com> wrote:
From: bbaruah at aol.com <bbaruah at aol.com>
Subject: Re: [Assam] [assam] London is world leader for international disputes
To: assam at assamnet.org
Cc: FriendsofAssamNE at yahoogroups.com
Date: Thursday, January 5, 2012, 9:21 AM
I misplaced a detailed article on this subject. But Google has lot of information if you care.Day before yesterday the Guardian (03 01 2012) published the news above succinctly which I reproduce below:
Nine out of 10 commercial cases handled by London law firms now have an international link, according to government figures. The Ministry of Justice said a new high court building in London was the largest “specialist centre” in the world for the resolution of commercial disputes. Ministers say London’s concentration of legal and financial expertise is unrivalled. A ministry spokesman said: “More international and commercial arbitrations take place in London under English law than in any other city in the world.” The Rolls building, in central London, was formally opened by the Queen in December. PA
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