- Tuesday, 5 September 2017
Almost half of insolvency practitioners believe that litigation work has declined since removal of the exemption from LASPO in April 2016, a survey has found. The remaining half of the 225 insolvency practitioners who took part in the survey said there had been “no noticeable difference”.
Posted in ATE/CFA, News, Third party
- Tuesday, 8 August 2017
The Court of Appeal has rejected a law firm’s claim to its legal fees in a battle with a liquidator over an conditional fee agreement. Lord Justice Hamblen said there was a “shared common understanding” that its fees would be paid from recoveries and the liquidator would not be personally liable for any shortfall.
Tags: CFAs, Court of Appeal, insolvency
Posted in ATE/CFA, Funding, News
- Friday, 3 June 2016
A large majority of insolvency practitioners and lawyers believe the end of the exemption for insolvency litigation from the abolition of recoverable success fees and insurance premiums in conditional fee cases will lead to “unscrupulous or illegal behaviour” by company directors, a survey has found.
Tags: conditional fees, insolvency, LASPO
Posted in ATE/CFA, News
- Wednesday, 4 May 2016
Burford Capital has announced a £9m insolvency funding deal with accountants Grant Thornton, in what is believed to be the first arrangement of its kind. Funding covers all claims by and against an estate where Grant Thornton is a trustee.
Tags: Burford, insolvency, Litigation Funding
Posted in News, Third party
- Monday, 23 November 2015
The Bar Council and the Association of British Insurers have added their voices to calls from business organisations for a permanent exemption for insolvency cases from LASPO. In a letter to the justice secretary, they argued that ‘rogue directors’ could walk away with £160m a year if the exemption ended.
Tags: insolvency, LASPO, Lord Justice Jackson
Posted in ATE/CFA, Jackson reforms, News
- Thursday, 29 October 2015
Abolishing the exemption from LASPO for insolvency cases would create a “windfall” for third party funders, insolvency trade body R3 has argued. R3 was responding to Lord Justice Jackson, who called the exemption an “instrument of oppression”.
Tags: insolvency, Jackson reforms, LASPO
Posted in Jackson reforms, News