NY Seeks to Take On UK for High-Stakes Commercial Cases
Casting a wary eye on the competition for big-money business cases posed by the United Kingdom, an advisory panel to New York's Commercial Division has developed a proposal it says would drive home that "the London Commercial Court is not entitled to a monopoly on large lawsuits."
July 21, 2017 at 02:00 PM
14 minute read
Casting a wary eye on the competition for big-money business cases posed by the United Kingdom, an advisory panel to New York's Commercial Division has developed a proposal it says would drive home that “the London Commercial Court is not entitled to a monopoly on large lawsuits.”
The Commercial Division Advisory Council has suggested establishing a “Large Complex Case List” for the management of high-stakes cases. Supporters say the proposal would help stave off competition from across the pond and improve the operations of an overtaxed New York court.
The Administrative Board of the state courts is seeking comment on the proposal, with a Tuesday deadline for responding.
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