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Posts Tagged: LASPO 2012

LASPO 2012 Exemption in Insolvency Proceedings to End

Posted by on December 17th 2015 in Blog Posts, Insolvency

LASPO 2012 Exemption in Insolvency Proceedings to End

With considerable disappointment across the insolvency community, the Government announced on 17 December 2015 that the current exemption from the provisions of LASPO 2012 for insolvency proceedings will come to an end in April 2016.

This exemption allows certain costs such as the uplift in a Conditional Fee Agreement and the adverse costs insurance premium to be recovered from the losing Defendant. In non-insolvency related proceedings the provisions of LASPO 2012 meant that such costs are no longer recoverable from the Defendant, leaving the successful claimant would have to fund those costs themselves.

From April 2016, the same rules will apply in...

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