A-265 would create a specialized business court within the New Jersey Superior Court.
Legal issues involving businesses are increasingly complex, laden with terminology and evidence which is unfamiliar to the common court. Highly technical matters are identified and addressed at great cost to both businesses and taxpayers alike.
And unsurprisingly, we are among a minority of states on the east coast which do not have a business court in place.
NJCJI supports A-265 because it would permit narrow business-related judicial matters to be heard by courts with an established background and knowledge of business litigation. And with an unemployment rate in excess of 9 percent – the highest in the region – the creation of a business court serves as an incentive for leading employers to increase their business presence in New Jersey. The highly specialized industries, including the life sciences, which are affected by this legislation have the potential to create long-term, high paying jobs that will be essential to growing our state’s economy over the next several years.
It is sponsored by Assemblyman David Russo (R-Midland Park).