As opinion polls in the UK appear to indicate some momentum towards Brexit, we have pondered, as lawyers, just how easy would it be legally for the UK to withdraw from the European Union. The answer is largely to be found in Article 50 of the Treaty On the European Union. Article 50(1) states that “any Member State may decide to withdraw from the Union in accordance with its own constitutional requirements”. What are those constitutional requirements in the UK? As the UK’s

In the recent Court of Appeal case of Dubai Financial Group LLC v National Air Services Limited, the appellant, NAS, succeeded in having a default judgment set aside in respect of a dispute concerning a Gulfstream aircraft. The claim arose out of a purchase agreement for a 50% share in the aircraft, which agreement provided an option for DFG at any time after 36 months to require NAS to repurchase the share for a fair market value, provided that no material default by DFG ha