The new Business and Property Courts of England and Wales will be launched this evening at an event at the Rolls Building in London.
Commenting on the launch, Gary Campkin, Director, Policy & Strategy, TheCityUK, said,
This is a forward-looking decision, indicative of the judiciary’s determination to ensure that the UK remains at the forefront of dispute resolution globally. It also gives greater clarity to users about the focus and coverage of legal services available at the Courts.
The UK is the largest specialist centre for the resolution of financial, business and property litigation anywhere in the world. But high value commercial dispute resolution is a competitive legal service, and other jurisdictions are vying to take Britain’s crown.
It is essential to ensure this country remains the jurisdiction of choice for international business and for dispute resolution. The efficient and cost-effective resolution of disputes is critical to that goal and to the ongoing development of English law. This is at the core of the international attractiveness of the UK and of our world leading legal services sector.
The new arrangements will enhance the connection between London, where these courts operate together at the Rolls Building, & the specialist Business and Property work undertaken in the regions.
The Business and Property Courts will be the new name for England and Wales’ international dispute resolution jurisdictions and will act as a single umbrella for business specialist courts across England and Wales.
It will encompass these specialist courts and lists of the High Court:
- the Commercial Court, (including the Admiralty Court and Circuit Commercial Court (formerly Mercantile Court))
- the Technology and Construction Court ('TCC')
- and the courts of the Chancery Division (including those dealing with financial services, intellectual property, competition, and insolvency).