Judge Loretta Preska, Chief Judge of the Southern District of New York, recently gave a speech entitled “The Elements of Commerce in the Twenty-First Century: How Commercial Courts Enhance a City’s Position as a Financial, Commercial and Legal Hub.” Preska summarized the factors necessary for a city to be a commercial hub in the 21st Century, including an educated populace, safe investment environment, business transactions and infrastructure upgrades. She emphasized the importance of a fair process of dispute resolution to ensure continued investment, the key attributes of such a system being independence, non-arbitrariness and even application of a predictable rule of law.
Preska noted the historical role New York courts have played in deciding important commercial cases. Her speech recalled past important New York cases, including those involving the Titanic, the disaster at the Union Carbide plant in Bhopal, India; and numerous multi-district litigations involving the largest financial, pharmaceutical and auto companies.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
