Lapse into LASPO further delayed for insolvency practitioners

On Thursday 26th February, the Ministry of Justice announced that the insolvency exemption to sections 44 and 46 of the Legal Aid, Sentencing and Punishment of Offenders Act 2012 (‘LASPO’) will continue for the time being, having been scheduled to come to an end in April 2015.

The insolvency exemption allows office holders in insolvency procedures to continue to recover from a losing party:

Filed under:
United Kingdom, Insolvency & Restructuring, Litigation, Reed Smith LLP, UK Supreme Court
Authors:
Ben Summerfield , Emma J. Flacks , Josh Kendal
Location:
United Kingdom
Firm:
Reed Smith LLP