The Defamation Bill received Royal Assent on 25 April 2013 and, once in force, will amend various aspects of the law of defamation. It does not, however, codify the law in this complex area but, in many ways, the new Defamation Act 2013 seeks to level the playing field in favour of free speech. A claimant, for example, will need to demonstrate under the new Act that the words complained of caused, or were likely to cause, "serious harm" to the claimant's reputation. For those trading for profit, this means that the claimant will need to show that it has suffered, or is likely to suffer, serious financial loss. New statutory defences are introduced for statements which are true or which constitute "honest opinion", replacing the existing defences of "justification" and "fair comment".  There are also new statutory defences for "responsible publications on matters of public interest" and for "peer-reviewed statements in scientific or academic journals." The operators of websites which allow "user generated content" can also claim a defence for statements published by third parties. There are conditions attaching to the various defences which should be considered carefully however. The reforms also include a limitation on so-called "libel tourism" and place a restriction on an English court having jurisdiction unless it is satisfied that "of all the places in which the statement complained of has been published, England and Wales is clearly the most appropriate place in which to bring an action in respect of the statement." Time will tell whether the reforms have struck the right balance between free speech and protecting reputations.