Legal Business

The specialist court the City needs

Herbert Smith Freehills’ Tim Parkes welcomes the overdue launch of London’s financial court but warns of the dangers of test cases

Not before time, the English court system will soon add to its stable of specialist courts a Financial List, to deal with major banking and other financial disputes. This is a positive illustration of the English courts not resting on their laurels as a pre-eminent venue for commercial dispute resolution but taking active steps to ensure that they meet the needs of financial markets users and enhance London’s status as a global financial centre.