At the end of July, the Supreme Court handed down its decision in the “PACCAR Trucks appeal”, with a majority decision that a litigation funding agreement (“LFA”) under which the funder is to receive a percentage of any damages recovered by the funded party is a damages based agreement (“DBA”) within the meaning of s58AA Courts and Legal Services Act 1990 (“CLSA”). 

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Posted by Michelle Barron on 2nd October, 2023.