In his keynote at the opening of the panel discussion, the Prime Minister emphasized that North Rhine-Westphalia should be developed into an international competition court for all commercial matters through the Court Commercial. The conference, organized in collaboration with the German American Business Association, the German-American Lawyers Association and the German Consulate General in San Francisco, focuses on the current development of introducing commercial courts in North Rhine-Westphalia and Germany to present.
The presiding judge of the Chamber responsible for Mergers & Acquisitions (M&A) at the Düsseldorf Regional Court, Dr. Robert Pope, who traveled to the US with Prime Minister Wüst, took part in the one-hour panel discussion and described the growing number of cases and the global industrial role of his chamber, which specializes in M&A.
The way we work in Düsseldorf shows how attractive the new approach is in Germany and is based on international standards of the legal profession.
Prof. Dr. multiple. Dr. hc Ulrike Malmendier, member of the Advisory Council for the Evaluation of Total Economic Development, and Prof. Nicolas Wiegand, who practices international litigation at CMS, Silicon Valley Office, also praised the attractiveness of commercial courts in Germany.
The establishment of a commercial court at the level of the higher regional court depends on a change in federal law (Court Constitution Act and Civil Procedure Code). It is expected that the law establishing commercial courts will be debated in the second round in the Federal Council soon and it may come into force this year.
The law authorizes the legal administrations of the state to establish commercial courts with regulation for certain civil legal disputes. Immediately after the law is passed, North Rhine-Westphalia will implement this at the Higher Regional Court of Düsseldorf.
2024-04-23 07:26:44
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