The Shorter Trials Scheme (STS) pilot, which commenced on 1 October 2015, is operating in the Rolls Building Courts until 30 September 2018. Judgment has now been given following the first trial to take place under the scheme. The value of the dispute was US$68M and it concerned discrete issues of contractual interpretation which were resolved by the Commercial Court within just nine months of the claim being commenced. The Judgment, which was handed down just two weeks after the trial, indicates that even for high-value disputes, lengthy litigation and significant costs are not always necessary for a resolution to be reached.
Stay up-to-date on our perspectivesSubscribe to Email