Insolvency exemption on recoverability of success fees and insurance premiums set to expire in 2015 | Practical Law

Insolvency exemption on recoverability of success fees and insurance premiums set to expire in 2015 | Practical Law

The exemption afforded to claims by liquidators, administrators and trustees in bankruptcy concerning the abolition of the recoverability of success fees and insurance premiums as a result of the Legal Aid, Sentencing and Punishment of Offenders Act 2012 (LASPO) is set to expire in April 2015 despite lobbying to maintain or extend the exemption.

Insolvency exemption on recoverability of success fees and insurance premiums set to expire in 2015

Practical Law UK Legal Update Case Report 3-581-5067 (Approx. 4 pages)

Insolvency exemption on recoverability of success fees and insurance premiums set to expire in 2015

by Practical Law Restructuring & Insolvency
Published on 17 Sep 2014England, Wales
The exemption afforded to claims by liquidators, administrators and trustees in bankruptcy concerning the abolition of the recoverability of success fees and insurance premiums as a result of the Legal Aid, Sentencing and Punishment of Offenders Act 2012 (LASPO) is set to expire in April 2015 despite lobbying to maintain or extend the exemption.