DBAs


Chris Kenny

LSB tells ombudsman to monitor complaints about damages-based agreements

Continuing concern over the potential for mis-selling damages-based agreements has led the Legal Services Board to order the Legal Ombudsman to monitor the complaints it receives in relation to them.

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Legal Futures Conferences November 2012

Legal Ombudsman: "easy" to see legal expenses insurance becoming compulsory

It is “easy” to imagine a world where legal expenses insurance becomes mandatory in the same way that car insurance is, the Chief Legal Ombudsman claimed today. Adam Sampson said they would also be keeping a close eye on how DBAs develop.

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European Commission

Opt-in collective actions in competition cases move closer

The government yesterday pressed ahead with plans to allow consumers and businesses to bring opt-out collective actions for breaches of competition law – but indicated that they are not yet a done deal.

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Crispin Passmore

LSB calls for regulator focus on DBA ‘mis-selling’ risk

The Legal Services Board has decided against introducing guidance on how regulators should mitigate the risk of damages-based agreements being mis-sold after the regulators said they will tackle it through their regulatory frameworks.

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Mr Justice Ramsey

Ramsey: costs management limits being reviewed

The £2m limit above which commercial cases are not subject to automatic costs management is being reviewed, the judge in charge of Jackson implementation has revealed, while also hinting that pre-issue costs may come within costs management in future.

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Susan Dunn

Ministry of Justice: we are already reworking DBA regulations

The government is already planning changes to the rules governing damages-based agreements (DBAs), it has emerged. The news comes as a leading litigation funder argues that concerns over whether the existing rules permit hybrid DBAs are misplaced.

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PJ Kirby QC

Silk warns over DBA professional negligence risk

Solicitors need to be careful to ward against professional negligence claims for mis-selling damages-based agreements (DBAs) or under-settling cases run under them, a QC has warned. Solicitors need to ensure that a full explanation of the reasons for the funding is given.

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Peter Stewart

DBAs are “a game-changer” but how should firms fund them?

Damages-based agreements (DBAs) will change the face of commercial litigation and generate new funding problems for law firms, it was predicted today as the Jackson era properly began.

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