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We have received a number of representations, including from insolvency practitioners and their representative bodies, about the implications for insolvency proceedings of the reforms to civil litigation funding and costs. These reforms were subject to full public consultation and are now contained in part 2 of the Legal Aid, Sentencing and Punishment of Offenders Bill.We have had a number of discussions with stakeholders as part of that process. We have reached agreement across Government in respect of insolvency proceedings that in future these cases will need to proceed without recoverable success fees and insurance premiums.We are working on a programme for implementing this part of the Bill and we will set out the details relating to insolvency proceedings in due course. |