Communications and Marketing Manager
Business Leaders Rally Support for Legislation To Establish A New Jersey Business Court
NEW BRUNSWICK, NJ—New Jersey legislators and business leaders held a business/legal summit at the New Jersey Law Center on Sept. 13 to network, educate and build support among the business community for Assembly Bill 3544 (Diegnan/Barnes/Greenstein), which would create a Commercial and Technology Part in the Law Division of the Superior Court of New Jersey.
“One of the principal reasons for our advocacy of this legislation is that we believe its enactment will improve the economic climate in New Jersey,” said New Jersey State Bar Association President Stuart A. Hoberman.
“Moreover, the creation of a Commercial and Technology Part would also enable the development of a cadre of judges with experience in handling not just complex litigation, but the wide range of commercial cases filed annually.”
Assemblymen Patrick J. Diegnan Jr. and David C. Russo were among the speakers and talked about why legislators support the bill.
Additional speakers at the grass-roots rallying summit included New Jersey Business and Industry Association President Phillip Kirschner, New Jersey Corporate Counsel Association President Arthur Saiewitz, Kelley Drye law firm partner Robert L. Haig, and other business leaders. Topics included why a commercial and technology part is good for New Jersey business, the NJ corporation experience and what works in other states.
New Jersey is surrounded by jurisdictions with successful business courts including New York, Delaware, Pennsylvania, Connecticut, Massachusetts and North Carolina.
The NJSBA joined the business community made up of the Association of Corporate Counsel, Association for Corporate Growth-NJ, National Federation of Independent Businesses-NJ, NJ Bankers Association, NJ Business and Industry Association, NJ Cable Telecommunications Association, NJ Chemistry Council, NJ Corporate Counsel Association, the NJ Petroleum Council, the NJ Retail Merchants Association, the NJ Society of CPAs, and the NJ State Chamber of Commerce in advancing this bill.
The business court bill (A-3544) passed in the Assembly on June 30, 2005, and was referred to the Senate Judiciary Committee.
The New Jersey State Bar Association, incorporated in 1899, is dedicated to the continuing education of lawyers and the public, to reforming and improving the legal system and to aiding in the administration of justice.
- NJSBA -