Rules of Practice 1994
20Litigation lending
Start here
Get a plain-English read of 20
Turn the raw legal text into a practical explanation grounded in Rules of Practice 1994.
20 Litigation lending
[Rule 20 Substituted by S.R. 2020, No. 56, Applied:01 Oct 2020]
(1) A solicitor who has assisted a client to obtain a litigation lending account with a bank, or other financial institution, for the purpose of funding litigation, must not withdraw, or cause or permit the withdrawal of, money from the client’s account for any purpose other than –
(a) to reimburse the solicitor for disbursements (including Counsel’s fees) already paid; or
(b) to pay on behalf of the client any accounts due for payment to a third party, including the payment of costs due to a solicitor who has previously acted for the client where such a payment is required to obtain delivery of documents retained under a lien for unpaid costs claimed by that solicitor.
(2) All withdrawals of money from the client’s account under subrule (1) must be made in accordance with the client’s instructions.