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The Three Track Systems

Forums › ACCA Forums › ACCA LW Corporate and Business Law Forums › The Three Track Systems

  • This topic has 2 replies, 2 voices, and was last updated 12 years ago by Accountaholic.
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  • Author
    Posts
  • April 25, 2013 at 9:11 pm #123496
    Accountaholic
    Member
    • Topics: 98
    • Replies: 67
    • ☆☆

    @Mike Little
    Can you please clarify the value of fast track and multi track claims? I am referring to two different study texts – one says fast track deals with £5K – £15K and multi track – over £15K. Other says for fast track £5K – £25K, Multi track- over £25K?

    Has anything changed or is it just a printing mistake?

    Thanks.

    April 27, 2013 at 8:14 am #123650
    Kaymakov
    Member
    • Topics: 24
    • Replies: 30
    • ☆☆

    *The three-track system (mainly of relevance to contract (and tort claims)
    in the County Court and the High Court)
    On receipt of a claim, the court will allocate the case to one of three tracks for the
    hearing.
    The County Court hears all cases allocated to the small claims track, the majority of
    fast track cases and some multi-track cases. The High Court hears some fast track
    cases and most multi-track cases.
    ?
    The small claims track is for simple claims valued at no more than £5,000
    (tort £1,000). The hearing is informal, there are limited grounds for appeal
    and costs of lawyers are not usually awarded.
    ?
    The fast track provides a streamlined procedure for moderately-valued
    claims (£5,000 to £25,000).
    ?
    The multi-track provides a flexible procedure for high value (over £25,000)
    and/or complex claims.

    April 27, 2013 at 10:51 am #123658
    Accountaholic
    Member
    • Topics: 98
    • Replies: 67
    • ☆☆

    Thanks for the reply.
    However I think it is £15000 and not £25000.
    Both the study texts state different amounts.
    What is correct?

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