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LATEST NEWS & EVENTS EU proposals 'will dilute English law'  Proposed reforms to commercial agreements across the European Union (EU) have been slammed by the City of London Law Society (CLLS). The organisation said plans submitted in a European Commission (EC) Green Paper to consolidate contract law would harm British businesses. According to the CLLS there is no evidence to suggest that consolidating EU contract law would encourage international trade. "Evidence also indicates that many companies prefer their international dealings to be governed by English law rather than the law of any other legal system," the body, which represents over 14,000 solicitors, said. "A new instrument would dilute the effect of English law as a gateway for attracting trade into the EU and the UK." The CLLS also raised concerns that the new law would increase the need for litigation and dispute resolution. This week, business secretary Vince Cable said the government would end the process of "gold plating" EU law as part of a set of new principles to boost UK business. Posted by Gaby Hamerton 
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