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Economy

London now sees post-Brexit role for EU court in trade disputes

Compromise would have UK respect ECJ precedent but end direct jurisdiction

The European Court of Justice may maintain an indirect role in dispute resolution in the U.K. after Brexit.   © Reuters

LONDON -- The U.K. has indicated it would accept the top European Union court's influence in such areas as dispute resolution after leaving the bloc, a softer line that suggests London is picking its battles in the limited time available to negotiate an exit.

Brexit will "bring about an end to the direct jurisdiction of the Court of Justice of the European Union," the government asserted in a position paper released Wednesday. But the paper also states that the U.K. will respect precedent established by the court, also known as the European Court of Justice.

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