Insolvency: Legal Costs

Ministry of Justice written question – answered on 2nd November 2015.

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Photo of Greg Mulholland Greg Mulholland Liberal Democrat Parliamentary Campaigns Chair

To ask the Secretary of State for Justice, what assessment he has made of alternatives to the current insolvency litigation funding regime.

Photo of Greg Mulholland Greg Mulholland Liberal Democrat Parliamentary Campaigns Chair

To ask the Secretary of State for Justice, what assessment he has made of the potential effect on director conduct should the funding of insolvency litigation change under the provisions of the Legal Aid, Sentencing and Punishment of Offenders Act 2012.

Photo of Greg Mulholland Greg Mulholland Liberal Democrat Parliamentary Campaigns Chair

To ask the Secretary of State for Justice, what assessment he has made of the potential effect on financial redress for creditors should the funding insolvency of litigation change under the provisions of the Legal Aid, Sentencing and Punishment of Offenders Act 2012.

Photo of Greg Mulholland Greg Mulholland Liberal Democrat Parliamentary Campaigns Chair

To ask the Secretary of State for Justice, what assessment he has made of the merits of third-party funding as an alternative to the current funding regime for insolvency litigation.

Photo of Dominic Raab Dominic Raab The Parliamentary Under-Secretary of State for Justice

An Impact Assessment was published when the Legal Aid Sentencing and Punishment of Offenders Act 2012 received Royal Assent.

The Ministry of Justice is in the process of considering the way forward in relation to the application to insolvency litigation of the no win no fee reforms in Part 2 of the Act.

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