An important part of a state’s business climate is its legal system. Efficiency, fairness, and predictability are hallmarks of a system that is most compatible with a healthy and welcoming economy.
In the most recent U.S. Chamber Institute for Legal Reform’s national rankings, Virginia is ranked #10 in the country, down from #7 just a few years ago. While Virginia’s business climate is not at the bottom of the rankings, there is room for significant improvement.
Extended negotiations with the Virginia Trial Lawyer Association occurred over the last several months and the result of these discussions is Senate Bill 1457 (Vogel) and Senate Bill 1486 (Obenshain.) SB 1457 will provide a process when a corporate executive is sought to be deposed in litigation. SB 1486 will allow for limited use of depositions to support a motion for summary judgment in cases between businesses.
Status of the Legislation: