Getting down to business in the Commercial Court
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The vast majority of cases admitted to the list have been commercial claims with a value in excess of €1 million (1165 in total). To date 21 insurance cases with a value in excess of €1 million have been admitted to the list.
The statistics show that 1460 cases were disposed of by the Commercial Court in its first seven years (1 January 2004 – 31 December 2011). 125 cases remain in the list, however, the vast majority of these cases commenced in 2011.
Interestingly, activity in the Commercial Court appears to have peaked in 2009 with 373 cases being entered into the Commercial List that year. There has been a decline in the Court’s activity in the last two years; 283 cases were entered into the list in 2010 while only 233 were entered into the list in 2011.
The success of the Commercial Court is evidenced by the average waiting period from entry to the list to conclusion, which is only 22 weeks. 50% of cases in the list were concluded in 12 weeks while 90% were concluded in less that 49 weeks. Only 35% of cases in the list have gone to full hearing.
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