Insolvency

Justice written question – answered on 8th September 2014.

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Photo of Andrew Slaughter Andrew Slaughter Shadow Minister (Justice)

To ask the Secretary of State for Justice whether an impact assessment will be made before the Statutory Instrument to end the temporary exemption for insolvency litigation under the Legal Aid, Sentencing and Punishment of Offenders Act is laid before Parliament.

Photo of Shailesh Vara Shailesh Vara The Parliamentary Under-Secretary of State for Justice

In April 2011 the Government published an Impact Assessment in relation to the reforms set out in Part 2 of the Legal Aid, Sentencing and Punishment of Offenders (LASPO) Act 2012.

It explained that while there may be a reduction in the number of cases brought where no win no fee conditional fee agreements are used, overall the LASPO reforms will tackle excessive costs. The Government does not propose to update the Impact Assessment in relation to insolvency proceedings.

The LASPO reforms will apply to insolvency proceedings from April 2015. As provided in the Act, implementation will be by way of Commencement Order.

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