CFA success fees and ATE premiums no longer recoverable for insolvency cases

From 1 April 2016, conditional fee agreements (CFA), after the event premiums and success fees will no longer be recoverable in insolvency cases.

The legislative change is set to have the biggest impact on lower-value insolvency cases (damages less than £500,000 and legal costs lower than £200,000).

Filed under:
United Kingdom, Insolvency & Restructuring, Insurance, Litigation, RPC
Authors:
Tom Hibbert , Simon Hart , Rupert Boswall , Andy McGregor , Parham Kouchikali , David Smyth
Location:
United Kingdom
Firm:
RPC