Incoming Bar Council chairman Desmond Browne QC has hailed the UK as the jurisdiction of choice for resolving disputes arising as a result of the global economic downturn.
In his inaugural speech last night (8 December), Browne, who is joint head of chambers at 5 Raymond Buildings, commented: “Our jurisdiction is well-suited to become the choice location for resolving a wide range of international and national disputes, which will arise out of the recession and the global banking crisis, as much by arbitration as by litigation. This can become one of the drivers for a return to growth in the financial services sector.”
