HB1562

Oklahoma HB1562 establishes business courts to handle complex business litigation, setting jurisdiction and compensation for judges.

Oklahoma HB1562 creates business courts to handle complex business litigation, excluding certain types of cases. These courts will have jurisdiction over business disputes, including those involving contracts, trade secrets, securities, and commercial real property. Judges must be at least 35 years old, U.S. citizens, and licensed attorneys with at least ten years of experience in complex civil business litigation. Business courts will not handle individual consumer claims, domestic relations, probate, or governmental entity matters.