Quizzes & Puzzles1 min ago
No Win No Fee.
I instructed a firm of solicitors in Spain to act for me against a well known bank on a no win no fee basis.
The hearing found in my favour.
The bank appealed and the Court of Appeal in Spain found in favour of the bank.
Will I be responsible for the expenses of the Appeal?
The hearing found in my favour.
The bank appealed and the Court of Appeal in Spain found in favour of the bank.
Will I be responsible for the expenses of the Appeal?
Answers
Sqad, it does depend on the terms of the contract. But my view in all probability is "yes". No win, no fee does not mean that you do not pay costs if you lose - it means you do not pay your own lawyers. You are generally still liable for costs on the basis that the loser normally pays. These type of arrangements are normally attractive to those who do not have any assets...
14:46 Fri 29th Oct 2021
Sqad, it does depend on the terms of the contract. But my view in all probability is "yes".
No win, no fee does not mean that you do not pay costs if you lose - it means you do not pay your own lawyers. You are generally still liable for costs on the basis that the loser normally pays. These type of arrangements are normally attractive to those who do not have any assets since enforcing an adverse costs order against someone with nothing will never succeed.
Very often to ensure that you do not pay costs on a loss when you engage a no win no fee firm, you also buy an insurance policy. This is not mandatory though. Check to see if you did actually take out such a policy.
The caveat to this though is I have absolutely no idea how Spanish law and Spanish lawyers operate, nor the Spanish civil code.
No win, no fee does not mean that you do not pay costs if you lose - it means you do not pay your own lawyers. You are generally still liable for costs on the basis that the loser normally pays. These type of arrangements are normally attractive to those who do not have any assets since enforcing an adverse costs order against someone with nothing will never succeed.
Very often to ensure that you do not pay costs on a loss when you engage a no win no fee firm, you also buy an insurance policy. This is not mandatory though. Check to see if you did actually take out such a policy.
The caveat to this though is I have absolutely no idea how Spanish law and Spanish lawyers operate, nor the Spanish civil code.
After The Event Insurance (ATE Insurance) is insurance which covers the legal costs and expenses involved in litigation
when I first heard of this ( medical negligence) my brayne turned to mush
you cant in principle insure after an event
but hey still this is the name for this type of legal cost insurance
when I first heard of this ( medical negligence) my brayne turned to mush
you cant in principle insure after an event
but hey still this is the name for this type of legal cost insurance