The government will be opening a new court building specialising in fraud and cybercrime, the Lord Chancellor announced on Wednesday. The 18-courtroom legal centre will be built on the site of Fleetbank House, a few minutes’ walk from Stewarts’ London office. The new court is part of the government’s £1bn court reform programme.
Recent reports suggest that 49% of organisations globally have been victims of fraud and economic crime, and the number is rising year on year. Further, over 90% of firms in the UK report that they have experienced at least one incident of actual or attempted cybercrime.
David Hughes, a Stewarts partner specialising in fraud and asset tracing, welcomed the news and said:
“The statistics show that every year more and more individuals and organisations are victims of cyber and financial crime. They need expert advice so they can fight back.
“At Stewarts, our team of specialist lawyers are second to none, and with the recent hire of Richard Kovalesky QC as head of our Financial Crime department, we are ideally placed to take advantage of the opportunities this new court will provide to our clients.”
You can find further information regarding our expertise, experience and team on our Fraud pages.