London has the chance to improve its competitiveness for commodities and financial trading as it reshapes its rules and regulations in coming years in the wake of the historic vote for the UK to quit the European Union (EU).

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The UK's anchor of English law for commercial contracts will remain strong after the landmark referendum result, which could provide a platform for more business to be conducted through London if regulatory changes were handled with dexterity, said senior lawyers at Holman Fenwick Willan (HFW).