Credit crunch causes traffic in UK courts

A new survey has revealed a huge rise in commercial litigation in the UK courts, where over a thousand claims are being launched each month. Large commercial claims (upwards of £25,000) are up by ten per cent. The survey – produced by Reynolds Porter Chamberlain LLP – concludes that the increase in litigation is the result of the financial recession, and suggests that UK courts are processing a large proportion of global disputes because of London’s position as global banking centre, and because many of the financial instruments used in financial dealings are under English law.

Credit crunch causes traffic in UK courts thelawyer.com Tue, Jun 1, 2010