Special High Court Procedures Proposed for Financial Markets Disputes

June 10, 2015

In July 2014, the Lord Chief Justice of England and Wales announced plans to closely review what can be done to meet the needs of court users in financial cases to ensure that the Courts “are providing… what the markets require by way of fast, efficient and economical dispute resolution”.

After an initial consultation (with a targeted list of consultees with experience of financial markets business), in January 2015 a working group was established to consider and develop proposals. The group published the Rolls Building Financial List Initiative Consultation Document on 7 May 2015, inviting comments on all aspects of the proposals. In short, it is proposed that new procedures are adopted to deal with the more complex and important financial markets cases, including the creation of a new specialist list. The key elements of the consultation paper are summarised in this update.

Read "Special High Court Procedures Proposed for Financial Markets Disputes".