It is possible for investors to successfully challenge the UK government for losses incurred as a result of Brexit.
The following links offer an introduction to the topic and an explanation as to why law firms are working on this issue.
For a layman’s explanation see the introduction to these suits in the Huffington Post (here).
For a more ‘lawyery’ explanation of why this is something the British government should worry about, see my article on Verfassungsblog (here) and an update on the Oxford Business Law Blog (here). In fact the government is worried about it, as evidenced in the statements by Liam Fox.
My full scale analysis of the issue is introduced on Academia (here) and the complete text can be downloaded from SSRN (here).
If you are researching this issue and are looking for a publication outlet, the Manchester Journal of International Economic Law is running a special issue (see here).
Feel free to get in touch to share your thoughts or comment using the options below. There is after all a very lively debate on this topic.
@iGlinavos
A fascinating theory but isn’t the defect pretty obvious? Brexit, while wholesale and drastic is entirely predictable and legal (a) because there has been constant political agitation for years and (b) because Article 50 expressly permits it. It has always been an explicit risk connected with investment in the U.K. and many other European countries.
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Thanks for your comment. See the full paper for an answer, foreign investor rights are very broadly determined
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So do you think that Slater & Gordon an Australian ambulance chasing law firm which invested hundreds of millions to enter the UK market to make another fortune and was then pretty well destroyed by huge changes to the law which made this field unprofitable would have a claim?
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