End costs associated with partition – Mac Lochlainn
Deputy Mac Lochlainn today welcomed the Choice of Court (Hague Convention) Bill 2015 whilst highlighting the contradiction of continued partition and the lack of action on creating a judicial council. Both situations operate in opposition to the principles which underlie the Hague Convention.
Speaking in the Dáil, Deputy MacLochlainn said
“Whilst large companies may prefer the arbitration route, there is some indication that SMEs prefer the traditional judicial route. As such, this bill is a welcome one for SMEs that trade with partners outside the EU and may encourage SMEs that do not to explore the possibility of doing so.
“One of the biggest hurdles confronting Irish SMEs is the continuing operation of partition. The government should follow the logic of the Hague Convention on Choice of Court to encourage commercial trade by following the advice in Sinn Féin’s 2014 document on encouraging SMEs.
“The Government should be following the economic principles that underlie this bill and facilitate the numerous SMEs on this island that need to respond quickly and effectively to business opportunities on the ground without worrying about or searching for ways around the unnecessary and inefficient transaction costs associated with partition.”