Mike Lynch will campaign against the UK's current extradition rules with the US, six years after his battle with the justice system in the States began.
On Thursday evening, Lynch was cleared of fraud charges in the US related to the $11 billion sale of his software firm Autonomy to Hewlett-Packard (HP) in 2011.
The tech entrepreneur said he would now work with former Cabinet minister David Davis to push for changes to the UK and US treaty, which makes it much easier for Brits to be extradited to the States than Americans to be brought to Britain.
Lynch co-founded Autonomy in 1996, which became a leading UK tech company, known for software that extracted data from unstructured sources.
Despite the initial success, HP wrote down Autonomy's value by $8.8 billion a year after the acquisition, leading to prolonged legal battles.
Lynch faced over 20 years in prison if convicted.
Following Lynch's acquittal, he told Davis: "David, we’ve got work to do to put this extradition treaty right."
In a quote published by The Telegraph, Davis said: “It highlights a massively dysfunctional arrangement we have with this extradition treaty. I’ve always been pretty clear, in my mind, that this was a bogus case.”
Lastminute.com founder Brent Hoberman chipped in, stating: “The one-sided extradition treaty does not make sense.
“For a UK citizen to go through something like that and have his life put on hold for 10 years, and have no support from the UK government, is not great.”