FSCS to protect LAMP policyholders after liquidation is confirmed
UK individuals and small business customers affected by the collapse of after-the-event insurance LAMP will be protected, the Financial Services Compensation Scheme has confirmed.
Well-known after-the-event insurer facing liquidation
Well-known after-the-event insurer LAMP has applied to go into liquidation after failing to secure additional finance so it can meet its current obligations and insure new risks.
“No general duty” for barristers to advise on litigation funding
Barristers are under no duty to advise clients on litigation funding unless specifically instructed to, and do not then assume “a continuing duty” to keep it under review, the High Court has held.
CA upholds challenge to routine 100% success fee in low-value PI
Solicitors handling low-value PI claims since LASPO should have undertaken risk assessments before setting success fees – rather than just applying 100% across the board – the Court of Appeal has ruled.
Solicitors lose right to fees after ending retainer “peremptorily”
Solicitors who terminated their retainer “peremptorily” without investigating the circumstances of evidence that might have thrown the case into doubt have lost their claim to £8,000 in fees.
Firm that ended CFA after client rejected advice entitled to costs
A law firm which stopped acting for a client after she refused to heed its advice to accept an offer to settle her case is entitled to recover the £240,000 in costs due from her under a CFA, the High Court has ruled.
MPs and peers express concern about defamation ATE
After-the-event insurance premiums must continue to be recoverable in defamation cases, a committee of MPs and peers has told the government.
Law firm, funders and broker team up to launch IPEC product
A law firm, litigation funder, after-the-event provider and insurance broker have teamed up to launch a product to fund claims brought in the Intellectual Property and Enterprise Court.
