
Next in our series of ebriefings on the Government’s Green Paper: Transforming public procurement; looking at the Chapter 4 proposal to change the basis of contract awards.
Judges are well aware of this and it has long been possible to apply to the court for interim maintenance against your other half which includes an element of support in paying your legal fees. More recently you can apply for a Legal Services Order – a payment towards your legal costs. Both of these options require some level of spending before you get off the starting blocks.
So what are the alternatives? There are the usual range of financial institutions offering unsecured lending - but at a price. Putting it on your credit card is an option, but an expensive one which can get out of control. Family and friends may kindly offer. This can cause an awkward dynamic and the court might treat this as a ’soft’ loan and not taking it into account as a liability that you must repay. In a very few cases solicitors are willing to wait until the end of the case to be paid, known as a Sears Tooth agreement, but in today’s tough economy these are few and far between and provide no security for certainty of repayment.
To the rescue a new product is now on the market; the "litigation loan” has arrived. At surprisingly reasonable rates of interest, and secured only on the anticipated successful outcome of your case, these provide a real option for the asset rich but income poor spouse. Most people have an expectation of a fair share of their house at the end of the case so it is available to a wide range of people who are prepared for this loan to be secured on their eventual share of the litigation proceeds. With advances made to your solicitors in tranches as your case proceeds but only with your authority so that you can keep abreast and in control of the costs being incurred this keeps both you and your lawyer happy, you knowing you are being properly represented and your lawyer knowing they will be paid for their work as they proceed on your behalf.
Elizabeth Wyatt is a partner and divorce, family and matrimonial law specialist at Anthony Collins Solicitors.
For further information, please call Liz on 0121 212 7417 or email: elizabeth.wyatt@anthonycollins.com.
Next in our series of ebriefings on the Government’s Green Paper: Transforming public procurement; looking at the Chapter 4 proposal to change the basis of contract awards.
The Academies Financial Handbook is updated annually by the Department for Education and the Education and Skills Funding Agency; it contains a number of governance requirements for academy trusts.
Supreme Court publishes key decision for those working in the UK’s gig economy.
The 'Chocolate Snowman Appeal' is an amazing initiative that Anthony Collins Solicitors' (ACS) employees take part in every year.
The Building Safety Bill (the Bill) is said to be the most significant and wide-ranging change to the regulatory environment for higher risk building (HRBs) for over 45 years.
On 4 November 2020, the Restriction of Public Exit Payments Regulations 2020 (the Regulations) came into force; exit payments for the public sector were capped at £95,000.
The case was brought by the Official Receiver who sought disqualification orders under section 6 of the Company Directors Disqualification Act 1986 (CDDA 1986) against the seven trustees of Kids Company and its CEO. It illustrates well the tension between the role of a fulltime paid CEO of a large charity and the role of its board as voluntary trustees/directors.
At the end of 2020, The Charity Governance Code was updated or 'refreshed' as it is termed on its website.
Anthony Collins Solicitors is today (Thursday 11 February) revealing the scale of its social impact during 2020.
In their first podcast of this series, current and future trainees will discuss their journey and route to securing a training contract at Anthony Collins Solicitors.
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