Court of Appeal: ATE that can be voided is not adequate replacement for security for costs – Litigation Futures

Posted November 24th, 2017 in costs, indemnities, insurance, news by tracey

‘After-the-event insurance which can be voided does not constitute adequate security for costs, the Court of Appeal has ruled. Overturning the decision of Mr Justice Snowden, Lord Justice Longmore said the case raised “important questions of principle” because the original decision showed “there may be a tendency (I put it no higher) for judges at first instance to accept that an ATE policy can stand as security for costs.’

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Litigation Futures, 23rd November 2017