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  • Before the Event Insurance – commonly shortened to “BTE”- is an insurance policy that is purchased by a business or individual that is designed to cover legal costs in the event of them needing to make a claim or should a claim be made against them. Whilst you can purchase BTE insurance as a ‘standalone’ policy, it is more commonly included with a range of business or personal insurance products. As with most types of insurance, the cover that a BTE policy provides can vary and is vital that the policy cover, and its limitations, are fully understood before buying a policy. Why should I consider BTE insurance? Legal expenses insurance such as BTE is available so that in the event you require legal advice, the legal expenses insurance will cover the cost of that advice. A solicitor or law firm should... Read More

  • In news that has pleased the stock market in London, litigation funding providers Burford Capital have recently announced that the class action claim made by its investors has been abandoned. The class action claim had originally been made via by New York based investor claims specialists Rosen Law, with the legal action alleging that Burford, one of the world’s largest litigation funders, had made false and/or misleading statements on its financial returns. Burford had strenuously denied making any such false statements and denied that their business was facing financial difficulty. Burford reported to the London Stock Exchange in early January that the US securities action filed in August last year has been withdrawn and dismissed in its entirety. Burford also confirmed that there was no further litigation pending against it at present, other than ‘ordinary course skirmishing’ within a small number... Read More

  • One of the UK’s largest class action claims has recently settled after three years of legal argument and rancour. The parties in the Bates v Post Office group litigation announced in early December that the claim has been settled, with the Post Office admitting “we got things wrong in our dealings with a number of postmasters”. A joint statement issued by both parties said that several days of ‘respectful, challenging, and ultimately successful mediation’ had successfully concluded in a ‘comprehensive resolution’ to the litigation’. The mediation was championed by Post Office CEO Nick Read, with the claim being settled for £57.75m. The statement also made clear the Post Office’s gratitude to the claimants, saying that and ‘in the past, we have fallen short and we apologise to those affected’. Commenting further on the mediated settlement, Read added: I am very pleased we... Read More