London to set up new fraud and cybercrime court

A new specialist court focusing on fraud and cybercrime cases is to be established in the City of London.

Backed by the City of London Corporation and the Ministry of Justice, the purpose built, state of the art complex is intended to protect the City's reputation as an international legal and financial centre after Brexit.

Housing 18 courtrooms, the new building will also replace the Mayor’s and City of London County Court and Magistrates’ Court, but not the Old Bailey. The plans form part of HM Courts & Tribunal Service's aims to digitise its services.

Funding options have still to be explored. The Ministry has been implementing a court closure programme elsewhere in England & Wales.

The newly installed Lord Chief Justice, Sir Ian Burnett, commented: “I’m delighted by the City’s announcement, which underlines its commitment to delivering justice in the City... The judiciary looks forward to working with the City and HMCTS to make this a reality.”

Catherine McGuinness, head of policy at the City of London Corporation, added: “This proposal will make sure London continues to set the highest legal standards domestically and internationally. Our rule of law is one of the many reasons why London is the number one financial centre in the world and this new court will add to our many existing strengths.”