Brexit could mean end of English law for bonds

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Brexit could mean end of English law for bonds

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Hundreds of Pro-European campaigners marched to 10 Downing Street, London, on 23th July 2016 to show support for a stronger Europe and to remain in the EU. A referendum for Great Britain to leave the EU was held on June 23rd and passed. (Photo by Gail Orenstein/NurPhoto) *** Please Use Credit from Credit Field *** | NurPhoto/SIPA USA/PA Images

A finer point debated in the Brexit negotiations is whether Britain will also leave a European judicial cooperation scheme. That would mean that English law, under which restructurings and bond prospectus terms and conditions are most often written, would not apply to cross-border contracts.

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