LASPO Funding Update for Insolvency Proceedings
So you did some work for a client in Madrid and you are based in England.
Accordingly, April 2015 will not see the end of the recoverability of success fees and after the event (ATE) insurance premiums from the losing opponent as part of the costs ordered on the successful outcome in insolvency litigation cases. The government has indicated that they will consider the appropriate way forward for insolvency proceedings and will set out further details later in the year.
We hope this news will come as a sigh of relief for Insolvency Practitioners.