When the base URL of the repository changed, for example the repository itself was relocated to a different server, you do not have to check out again a working copy from the new repository location. It is easier to change the base URL of the root folder of the working copy to the new URL of the repository. This action is available on the contextual menu of the Working Copy view only if the selected item of the working copy tree is a versioned folder.
If the selected item is not the root folder of the working copy
then the effect is the same as for the Switch action applied on
the same selected item.