End of LASPO exemption for insolvency “will lead to unscrupulous behaviour”

Most insolvency practitioners and lawyers believe the end of the exemption for insolvency litigation from the abolition of recoverable success fees and insurance premiums in conditional fee cases will lead to “unscrupulous or illegal behaviour” by company directors, a survey has found.

Three in ten predicted that, as a result of the change, over 40% of claims would not proceed because of lack of funding.

The survey, by commercial data specialists Encompass Corporation, follows the end in April this year of the exemption of insolvency from LASPO, a move strongly resisted by the insolvency industry.

Read the full article below:

End of LASPO exemption for insolvency "will lead to unscrupulous behaviour" - Litigation Futures

3 June 2016 Most insolvency practitioners and lawyers believe the end of the exemption for insolvency litigation from the abolition of recoverable success fees and insurance premiums in conditional fee cases will lead to "unscrupulous or illegal behaviour" by company directors, a survey has found.

The LASPO survey results:

To receive a copy of the survey results, simply enter your email address and we will send them to you.

 

View the LASPO results infographic here


about encompass

Founded in 2011 by entrepreneurs Roger Carson and Wayne Johnson, and operating from the UK, encompass is the creator of unique, innovative Know Your Customer (KYC) software for banking, finance, legal and accountancy that enable better, faster commercial decisions. The company is driven by the belief that the best decisions are made when people understand the full picture.

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Contact us today to arrange your personalised consultation of encompass. Discover how our KYC automation software can help your business accelerate onboarding and give you peace of mind that you are regulator ready.

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