It is a pleasure to join you this morning at the Flagship Conference for the inaugural London International Disputes Week. The programme, range and quality of speakers is truly impressive. I am sure they will guarantee that the conference and the week, as a whole, is a great success.
We have just heard from Jasmin Whitbread about how London is a global hub of legal expertise. There is no objective observer who would doubt that. Commercial law in all its aspects finds a wealth of expert practitioners in London and English practitioners are found in almost every part of the world. The focus of this conference is on international dispute resolution but only a tiny proportion of commercial and financial transactions governed by English law or English jurisdiction clauses find themselves the subject of dispute.