June 2018: RCS Cyprus supported an event co-organised by the British High Commission in Nicosia and the School of Law of the University of Nicosia. The Rt. Hon. Sir Geoffrey Vos, Chancellor of the High Court of England and Wales, delivered a lecture on “English Law Underpinning FinTech, Legal Tech and RegTech after Brexit” before an audience of students, academics, government representatives as well as practitioners.
Sir Geoffrey shared the UK experience of adaptations in the judicial system to keep pace with technological innovations, particularly in the FinTech, RegTech and LegalTech fields. These include the creation of the Business and Property courts to bring together the jurisdictions that deal with financial, business, and commercial dispute resolution into one of the biggest dedicated business courts in the world; the development of e-justice to deliver justice more swiftly; and online dispute resolution platforms and online courts – all of which have relevance to Cyprus’ plans in this area. Legal reforms such as these will also help meet Cyprus’ aim of becoming a regional business and legal hub.
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