The Legal Statement has been prepared by Lawrence Akka QC, David Quest QC, Matthew Lavy and Sam Goodman, all of whom are experts in this field. It is not my role as a judge, nor that of the UKJT or its parent, the UK’s LawTech Delivery Panel, to endorse the contents of the Legal Statement. Instead, the UKJT has promoted several rounds of public and private consultation so as to ensure that the drafting team were considering the right legal questions, and had the benefit of the most respected expert, technical, legal, judicial and academic opinion. The objective of the Legal Statement is to provide the best possible answers to the critical legal questions under English law. I am sure that it will demonstrate the ability of the common law in general, and English law in particular, to respond consistently and flexibly to new commercial mechanisms