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Brexit risks invalidating contracts, Clifford Chance warns

( February 7, 2017, 16:14 GMT | Official Statement) -- MLex Summary: Companies that have agreed in contracts to perform functions requiring EU authorizations could be sued if Brexit renders those obligations undeliverable, Clifford Chance said. In a written submission to the House of Commons Justice committee inquiry, "Implications of Brexit for the Justice System," the law firm highlights credit deals, deposits and insurance as examples of agreements that would be vulnerable to challenge. This uncertainty means EU customers might  be reluctant to enter into contracts with UK companies. Document is attached....

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