The Indiana Supreme Court is formalizing plans to develop specialized trial courts to handle complex business litigation. The courts, known as commercial courts, will have specially trained judges and will play a role in modernizing the way courts handle cases.
The possibility of commercial courts was first announced in January during the State of the Judiciary. Today, the Court unanimously approved a plan naming a working group to recommend policies and procedures for the courts.
Commercial courts are designed to promote efficient resolution of business disputes by reducing litigation costs and promoting earlier and more frequent settlement of cases.
The group’s chair says it will free-up court resources by removing time consuming business cases from the regular docket.
Commercial courts will include cases where the parties have agreed to have their dispute resolved through the specialized docket. Commercial courts in the United States began in 1993 and now exist in 22 States.
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