A client who retained shares as part of a settlement but did not recover anything from the other party was not liable to pay his solicitors anything under a DBA, the High Court has ruled.
Two barristers induced by their client’s deceitful instructions to enter into a DBA have lost their challenge to an arbitrator’s decision not to award them £7m in compensatory damages.
The Court of Appeal has today saved damages-based agreements by ruling that they are not unenforceable if they provide that the client has to pay incurred costs and expenses on termination.
City firm Rosenblatt is ramping up its use of contingent funding agreements, while its litigation finance arm has now invested in nine cases, the listed business’s half-year results have shown.
A damages-based agreement was not unenforceable because it obliged the client to pay incurred costs and expenses when she exercised her contractual right of termination, the High Court has ruled.
Clients previously willing to pay lawyers by the hour are now looking at damages-based agreements in light of the coronavirus crisis, a leading City law firm has claimed.
The High Court has ordered the claimants in a major group action to disclose details of both the damages-based agreement and third-party funding arrangements they have entered into.
Boutique litigation law firm Harcus Parker has begun legal proceedings on behalf of so-called ‘mortgage prisoners’ who say they have been trapped paying more on their mortgages than they should have.