Virginia law

Commercial Litigation Laws in Virginia.

Virginia commercial litigation proceeds in the Circuit Courts of the city or county where the claim accrues or where the defendant resides or transacts business. Circuit Courts have general jurisdiction over civil claims above the General District Court's $25,000 jurisdictional limit. Virginia has no specialized business or chancery court; complex commercial disputes are heard on the regular civil docket. The U.S. District Court for the Eastern District of Virginia ("the Rocket Docket") is notable nationally for its fast scheduling in commercial cases. Written-contract claims are subject to a 5-year statute of limitations (Va. Code § 8.01-246(2)); oral contracts, 3 years.