Ministry of Justice and UK Trade & Investment strategy to promote Britain as a centre of legal excellence in legal arbitration and commercial law services
The Government has published its “Action Plan” (the Plan) to “encourage overseas commercial clients to make use of UK legal services,with particular emphasis on the potential benefits for businesses”. The Plan can be read here and the accompanying Ministry of Justice press release can be read here.
In the words of the Plan, the UK is a global centre of excellence in “the provision of legal services, the use of our courts for the resolution of disputes, [and] the application of English law for contracting”. The Plan sets out measures that the Ministry of Justice and UK Trade & Investment (UKTI) will take to protect the UK legal services sector’s competitive position, including:
- Working with governments whose restrictive market regulations impact on the potential for the UK legal sector to grow.
- Providing new content on www.justice.gov.uk by November 2011, showing the benefits of using UK legal services and providing links to legal representative bodies as well as UKTI and TheCityUK.
- Monitoring by the Ministry of Justice of the international acceptance of Alternative Business Structures, with an initial review in February 2012.
As part of the Plan, TheCityUK, the Law Society and the Bar Council will also produce and deliver a strategy to promote the UK as a centre of excellence for dispute resolution.
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