The initiative, which Matheson contributed to, is also being supported by IDA Ireland and will now form a component of the Government’s Brexit strategy.
Minister Flanagan said: “I want to compliment our legal sector for taking this key initiative. While the ultimate outcome of the Brexit negotiations remains to be seen, the withdrawal of the UK from the European Union will leave Ireland as the only English-speaking common law jurisdiction in the Union. We will be well placed to provide expanded international litigation and arbitration services.
Having been supportive of this initiative in its development, the Government has today expressed its support in more formal terms. We recognise the initiative as a timely means of positively exploiting the competitive advantages of our courts and legal systems, which are of global renown, in the provision of EU and other international legal services in a post-Brexit setting. This will also enhance Ireland’s international reputation in terms of the wider economy.”
You can read further and the full press release here.