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Update on ‘This one is next: the Netherlands Commercial Court!’
A brief update on our previous post regarding the approval of the establishment of the Netherlands Commercial Court by the House of Representatives (Tweede Kamer). The bill is now scheduled for rubber-stamping by the Senate (Eerste Kamer) on 27 March 2018. This makes the kick-off date of 1 July 2018 realistic.
We believe that this court will strengthen international commercial complex litigation in the Netherlands, and it offers business litigants an alternative to arbitration and high quality commercial courts in other countries. See also (for Dutch readers) Eddy Bauw and Xandra Kramer, ‘Commercial Court’ is uitkomst voor complexe internationale handelszaken, Het Financieele Dagblad, 11 October 2017.
More news will follow soon.
Our previous post:
This one is next: the Netherlands Commercial Court!
(PhD candidate, postdoc researcher and PI ERC project Building EU Civil Justice)
Following up on our previous post, asking which international commercial court would be established next, the adoption of the proposal for the Netherlands Commercial Court by the House of Representatives (Tweede Kamer) today answers the question. It will still have to pass the Senate (Eerste Kamer), but this should only be a matter of time. The Netherlands Commercial Court (NCC) is expected to open its doors on 1 July 2018 or shortly after.
The NCC is a specialized court established to meet the growing need for efficient dispute resolution in cross-border civil and commercial cases. This court is established as a special chamber of the Amsterdam District Court and of the Amsterdam Court of Appeal. Key features are that proceedings will take place in the English language, and before a panel of judges selected for their wide expertise in international commercial litigation and their English language skills.
To accommodate the demand for efficient court proceedings in these cases a special set of rules of procedure has been developed. The draft Rules of Procedure NCC can be consulted here in English and in Dutch. It goes without saying that the court is equipped with the necessary court technology.
The Netherlands prides itself on having one of the most efficient court systems in the world, as is also indicated in the Rule of Law Index – in the 2017-2018 Report it was ranked first in Civil Justice, and 5th in overall performance. The establishment of the NCC should also be understood from this perspective. According to the website of the Dutch judiciary, the NCC distinguishes itself by its pragmatic approach and active case management, allowing it to handle complex cases within short timeframes, and on the basis of fixed fees.
The proposed new EU conflict-of-law rules on the assignment of claims: a seminar in Ferrara
As noted by Marta Requejo in an earlier post, the European Commission has published on 12 March 2018 a proposal for a regulation on the law applicable to the third-party effects of assignments of claims.
On 4 April 2018, a seminar (in English) will take place at the Department of Law of the University of Ferrara under the title Voluntary Assignment and Contractual Subrogation under EU Private International Law. The Commission proposal will, of course, be one of the key topics of the seminar.
Speakers include Martin Gebauer (University of Tübingen), Antonio Leandro (University of Bari), Alina Ontanu (Erasmus University Rotterdam) and Riccardo Manfrini (lawyer in Treviso). The seminar will be moderated by Alberto Malatesta (LIUC University Castellanza).
Further information may be found here.
Capital Markets Union: Proposal on Assignment of Claims
On March 12th, the Commission has issued a proposal on the law applicable to third party effects of assignments of claims. The main purpose of the proposed regulation would be to supplement Art 14 of the Rome I Regulation, which is silent on the proprietary effects of assignments. The main rule under the proposal is that third party effects of assignments of claims are to be governed by the law of the habitual residence of the assignor, with a few defined exceptions.
Click here to access the proposal, COM(2018) 96 final.