An official policy document on ‘The United Kingdom’s exit from and new partnership with the European Union’ has been released by the Government.
The Brexit White Paper, which includes a foreword by Prime Minister Theresa May, reiterates the 12 principles of Brexit that she set out in her speech on 17 January.
In this White Paper the Government sets out the basis for these priorities and the approach to forging a new strategic partnership between the United Kingdom and the EU.
In response to the paper, Chris Wilford, Head of Policy, Public Affairs and Research at the Chartered Institute of Arbitrators, said:
We highlighted the need to consider developments in investment dispute resolution resulting from the negotiation process of recent agreements in our Brexit briefing. The UK Government has listened and is taking dispute resolution considerations seriously from the outset as it prepares for the negotiation of a Brexit FTA.
The debate about the inclusion of investor-to-state dispute settlement (ISDS) has proved a significant drag on recent negotiations. With a public backlash against ISDS, the EU continues to undertake work on multilateral reform of investment dispute resolution and this will in turn have an impact on the eventual model adopted for a Brexit FTA.
This White Paper makes it clear that the UK Government is open to new approaches and CIArb looks forward to assisting in any way we can to develop a system that works for everyone.
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