Abstract
LL.M. (International Commercial Law)
On the 24th of June 2016,1 David Cameron, the Prime Minister of the United Kingdom
(UK), announced that “[t]he British people have voted to leave the European Union (EU)
and their vote must be respected.”2
While the author of this dissertation takes notice of the announcement and is aware of
the tremendous repercussions that could follow the UK’s leaving of the EU,3 the Brexit
effect will be “ignored” for the purposes of this dissertation as the author believes that the
UK leaving the EU would not likely occur.4 Even if this unlikely withdrawal were to occur
it would take a substantial amount of time until the UK pushes the article 50-button.5
Lastly, the mere fact of the UK leaving would not necessarily cause a huge change in the
private international law rules of the Laws of England and Wales as it is quite possible,
especially in a long-term transitional period, that the UK will still attempt to retain some of
their benefits of the European Preference by keeping their laws and policies as closely
aligned to the EU as possible.6