The Court of Chancery is a court in England and Wales that deals with cases involving equity, rather than common law. It was established to provide remedies that are more flexible than those available in traditional courts, focusing on fairness and justice. The court handles matters such as trusts, estates, and disputes over property. Historically, the Court of Chancery was part of the royal court system, where the Lord Chancellor would hear cases. Today, it operates as part of the High Court of Justice, ensuring that individuals can seek equitable relief when legal remedies are insufficient.