Panel of Recognised International Market Experts in Finance opens for business
A new tribunal of experts in global financial disputes has officially opened for business and is attracting interest among legal professionals across the world.
PRIME Finance—also known as the Panel of Recognised International Market Experts in Finance—held its opening conference, sponsored by LexisNexis, at the Peace Palace in The Hague last month.
The panel aims to help resolve complex international financial disputes, an increasing number of which are emerging due to the global financial downturn. It will provide judicial training, risk assessments, opinions, arbitration and mediation.
It will take on cases that are too specialised for domestic courts, and hopes to contribute to the development of an area of law in which national courts have often handed down conflicting rulings. It will offer training in finance for judges, and intends to develop a database of court precedents and other resources.
UK members include Lord Collins, a former justice of the Supreme Court, Jeffrey Golden, visiting professor at the LSE and chairman of PRIME’s management board, and Lord Woolf, former Lord Chief Justice, and now chairman of PRIME’s advisory board.
Seminars at the opening conference included discussions on recent financial market cases and speeches from judges and senior counsel.
