Changes to the Costs of Costs Budgeting

The 93rd Update on Practice Directions Changes have been made to the costs that can be recovered in relation to the cost budgeting process. The 93rd update on Practice Directions amendments came into force on 22 November 2017 and will apply to all cases subject to cost budgeting. Costs Practice Direction 3E, paragraph 7.2 formerly read;…

Proportionality: Size Doesn’t Matter

The RBS Rights Issue Litigation is a highly unusual and interesting case whereby the Claimant shareholders of the Royal Bank of Scotland are seeking to recover losses incurred relating to investments following the collapse of Royal Bank of Scotland shares on the grounds that the prospectus for the 2008 rights issue of shares in Royal…

Understanding the Costs of Arbitration

Due to continued cuts in Civil Justice and the strict mandatory cost budgets in civil litigation, there is an increased risk of delay, poor decisions, and non-recovery of costs even if a case is won. Arbitration is therefore an increasingly attractive option. A procedure in which parties are able to refer a dispute to a specialist…