Bankruptcy and insolvency cases will be dealt with by the Business and Property Courts from 2 October 2017.
Insolvency Practitioners will welcome the change, which will enable insolvency litigation to be dealt with in a more efficient and cost effective manner in the regional centres.
The Business and Property Courts bring together the specialist civil courts of the Chancery Division, including the District Registries of the High Court. They were launched in London on 4 July 2017. Regional launches in Birmingham, Leeds, Manchester, Bristol and Cardiff will take place over the summer. The changes take effect on 2 October 2017.
The new umbrella name is intended to be easily understood and to clearly convey the court's specialisms. The Ministry of Justice hopes that it will bolster the UK's international reputation for civil litigation and strengthen the UK's legal services sector.
Time and cost savings
Alongside the perceived international benefits, the new structure may result in tangible time and cost savings for proceedings issued in Birmingham, Leeds, Manchester, Bristol and Cardiff.
Lord Chancellor, David Lidlington, at the launch event, said: "Having business and property courts across England and Wales that are served by a critical mass of specialist judges will mean that all classes of case should be capable of being managed and tried away from the capital".
Cases can usually be heard sooner in the regional centres than in London, but are often transferred to the Rolls Building for a variety of reasons....