Thursday 20 September 2018
Do you have or have you been in a position where you have been instructed on a case, that has good prospects of success and recoverability but the client has not been able to fund the costs of issuing the claim and ongoing disbursements?There are now more and more funders that are...
Friday 23 March 2018
Towards the end of last year a plan for the complete overhaul of the disclosure regime was set out by a working group headed up by Lady Justice Glover. It is envisaged that professional negligence claims will become harder to handle, particularly for defendants, as a result of the proposed...
Tuesday 20 February 2018
We see another case of Third Party Funding being utilized in a ‘David and Goliath’ battle.Noel Edmunds has secured Third Party Funding of a seven-figure sum to pursue a battle against the Lloyds Banking Group. As reported by the Gazette, Edmonds is seeking up to £300m in redress...
Tuesday 20 February 2018
You will be aware of the demise of recoverable ATE premiums in most types of claims since post LASPO in April 2013, which thereafter saw stripping of recoverable premiums on insolvency matters from April 2016!However, in defamation cases, the premiums still remain fully recoverable...
Wednesday 31 January 2018
Tuesday 19 December 2017
In the latest saga of the Premier Motor Auctions Ltd case v Price Waterhouse Cooper and Lloyds Bank. Judges Longmore, Kitchen and Floyd overturned the previous ruling that Mr Justice Snowdon had allowed, which in effect accepted the ATE Insurance as acceptable security for opponents...
Wednesday 15 February 2017
The Government has announced it has no current plans to move away from the current method of voluntary regulation of third party litigation funding. In responding this January to written parliamentary questions asked by Lord Hodgson of Astley Abbotts, the justice minister...
Wednesday 23 November 2016
The High Court in England has upheld an arbitrator’s decision to award a claimant their costs of taking out third party litigation funding.In Essar Oilfields -v- Norscot [2016] EWHC 2361 (Comm) the court held that the phrase in s.59(1)(c) of the Arbitration...
Friday 18 March 2016
Tax rises earmarked to help with flood defences despite government pledging last year that there were no plans for a further rate rise. The standard rate of IPT will be increased from 9.5% to 10% with effect from 1 October 2016, according to Budget 2016 documents. The...
Wednesday 16 March 2016
We are currently helping Vanessa Andrews fundraise for Cancer Research UK and thought the mud run would be an excellent opportunity. We are sure that everyone is much aware of the increase of this disease in our world and together we can try and beat it by supporting this great...