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Speech by The Rt Hon Sir Nicholas Hamblen: Litigating financial disputes in London and the Financial List

Introduction

  1. In July 2014 the then Lord Chief Justice, Lord Thomas, asked Vivien Rose (now Lady Justice Rose) and I to carry forward the initiative he had announced in his Mansion House speech that month in which he had said:

“There is much that is happening in the international financial markets on which the prosperity of the City and our nation depends. We must be sure that we are providing at the Rolls Building what the markets require by way of fast, efficient and economical dispute resolution. We will be looking closely through joint work between the Chancery Division and the Commercial Court of the Queen’s Bench Division at what more we can do to meet the needs of court users in financial cases, seeking views from the institutions, the markets and the professions.”

  1. The background to this initiative involved recognition of the increasing importance of the international financial markets in an ever more globalised world and London’s pivotal role in those markets as a business and legal centre.
  2. To take our work forward we assembled a list of targeted consultees with a range of different experiences of financial market business who were invited to small, focused meetings held at the Rolls Building during the autumn of 2014.

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