Looking for ways to entice businesses to West Virginia, a state representative has introduced a bill to establish a business court, modeled in part on the centuries-old chancery court system that deals only with business issues
Looking forways to entice businesses to West Virginia, a state representative is encouraging lawmakers to study establishing a business court, modeled in part on the centuries-oldchancery court system that deals only with business issues, according to The Charleston Daily Mail.
West VirginiaHouse Speaker Rick Thompson (D-Wayne) is urging lawmakers during interimsessions to study the viability of implementing a chancery court system firstdeveloped in Englandin the 15th century.
At least fourstates have chancery court systems in place: Delaware,Mississippi, Tennesseeand New Jersey.Three of those states were ranked among the top 20 states in which to dobusiness by Forbes magazine lastyear. West Virginiaranked last.
“The Delaware courts, I know,use a court of chancery,” Thompson told the newspaper. “A lot ofbusinesses choose to incorporate in Delaware.My understanding is that’s one of the main reasons that businesses like toincorporate in Delaware.”
