mozilla/5.0 (windows nt 10.0; win64; x64) applewebkit/537.36 (khtml, like gecko) chrome/132.0.0.0 safari/537.36 Test

https://www.google.com/

Q&As

What is a CFA lite and how are they regulated?

read titleRead full title

Published by a ÀÏ˾»úÎçÒ¹¸£Àû Dispute Resolution expert
Published on: 23 October 2019
imgtext

What is the definition of a CFA?

A conditional fee agreement (CFA) is defined in section 58 (2)(a) of the Courts and Legal Services Act 1990 (CLSA 1990) (as amended). The definition provides that a CFA is an ‘agreement with a person providing advocacy or litigation services which provides for his Fees and expenses, or any part of them, to be paid only in specified circumstances.’

Therefore if the claim is:

  1. •

    successful the legal representative will be paid the full base Costs together with a success fee (if a success fee is provided for in the agreement)

  2. •

    unsuccessful the legal representative will not receive any fees

Whether Disbursements are payable by the client will depend on the terms of the agreement.

What is the definition of a CFA lite?

The term ‘CFA lite’ was originally used to

Powered by Lexis+®
Jurisdiction(s):
United Kingdom
Related legal acts:
Key definition:
Fees definition
What does Fees mean?

Means the fees and other amounts payable under this agreement, including those specified in clause 6

Read more

Popular documents

Monthly bills of costs raised by a firm are statutory bills under section 70 of the Solicitors Act 1974

Dispute Resolution analysis: On appeal from a decision of a costs judge, Mr Justice Freedman has upheld a firm’s practice of rendering final monthly bills (excluding disbursements) and has held that the client faces a strict one-month limitation period for seeking detailed assessment of each of

Costs orders—payment and enforcement

Costs orders—payment and enforcementThis Practice Note deals with provisions for the payment of costs orders. It considers the differences depending on whether the court order includes a time limit for payment and provides guidance on the expression and calculation of time limits. It also considers

Scotland—the process for applying for sequestration

Scotland—the process for applying for sequestrationSequestration in Scotland is the legal process by which an insolvent debtor’s estate is gathered in, realised and then distributed among their creditors by a trustee appointed for that purpose. The process requires that a formal award of

What is the difference between an appeal and a review?

What is the difference between an appeal and a review?What is an appeal?An appeal in insolvency proceedings is no different to an appeal in normal litigation. An appeal will be allowed only if the appeal court is satisfied that the decision of the lower court was 'wrong' or 'unjust because of a