Though we are now four years on from the height of the covid pandemic, the Insolvency Service has been diligent in bringing justice to those directors who took advantage of government support schemes for their own financial gain. With 831 directors...
In appropriate cases our commercial litigation solicitors may be able to offer you a damages based agreement as a funding option. This funding option has only been available in commercial cases since April 2013. A damages based agreement is an agreement between Stephensons and you, whereby you agree to pay a percentage share of the damages if the case is won against the opponent. Under this agreement we would normally require payment either if sums are recovered through settlement or after the case has gone to court.
A damages based agreement is a suitable option because they have the advantage of limiting the impact on cash flow. This is because you only pay expenses such as barristers fees until sums are recovered; at this point you then pay our fees.