Business Courts Bill moves on to the House

On Thursday, September 20, 2012 the Michigan Senate passed its version of HB-5128, which will establish business courts throughout the state. Now that the bill has passed the Senate, it is on to the House for a concurrence vote.

According to Section 8035 of the Bill, the business courts will have jurisdiction over “business and commercial disputes in which the amount in controversy exceeds $25,000.”

The Bill’s purpose is to (A) improve judicial efficiency, (B) resolve business or commercial disputes “with the expertise, technology, and efficiency required by the information age economy” and (C) “enhance the accuracy, consistency, and predictability of decisions in business and commercial cases.”

A copy of the bill as passed by the Senate can be found here: http://www.legislature.mi.gov/documents/2011-2012/billengrossed/House/pdf/2011-HEBS-5128.pdf

More information on the bill can be found here:

http://www.legislature.mi.gov/%28S%28edyimseynbawxnywsrjlll3h%29%29/mileg.aspx?page=getobject&objectname=2011-HB-5128&query=on

The Gallagher Law Firm, PLC represents businesses throughout Michigan. For all of your business’s legal needs contact Pat Gallagher.