Interest charges
Lewis, S.
Interest charges - 2000 - Building 265(8162) 17 November 2000, 64(1) .
Examines the occurrence of champerty in the construction industry. Defines champerty as 'trafficking in litigation", where a dispute is initiated or taken over by a person who has no direct interest, but believes they will profit from it. In the construction industry, the allegation of champerty can apply to commercial transactions or in the case of insolvent construction companies with claims against others but no capital to allow the receivers or liquidators to proceed. Discusses the "Bevan Ashford" case, an example of the latter scenario, where the court held that the no-win, no-fee agreements were not champertous.
BEVAN ASHFORD (A FIRM) V GEOFF YEANDLE (CONTRACTORS) LTD (IN LIQ)
CHAMPERTY
Insolvency
LITIGATION
MANAGEMENT-DISPUTE AVOIDANCE, MANAGEMENT AND RESOLUTION-DISPUTE MANAGEMENT AND RESOLUTION-ARBITRATION
COMMERCIAL TRANSACTIONS
Interest charges - 2000 - Building 265(8162) 17 November 2000, 64(1) .
Examines the occurrence of champerty in the construction industry. Defines champerty as 'trafficking in litigation", where a dispute is initiated or taken over by a person who has no direct interest, but believes they will profit from it. In the construction industry, the allegation of champerty can apply to commercial transactions or in the case of insolvent construction companies with claims against others but no capital to allow the receivers or liquidators to proceed. Discusses the "Bevan Ashford" case, an example of the latter scenario, where the court held that the no-win, no-fee agreements were not champertous.
BEVAN ASHFORD (A FIRM) V GEOFF YEANDLE (CONTRACTORS) LTD (IN LIQ)
CHAMPERTY
Insolvency
LITIGATION
MANAGEMENT-DISPUTE AVOIDANCE, MANAGEMENT AND RESOLUTION-DISPUTE MANAGEMENT AND RESOLUTION-ARBITRATION
COMMERCIAL TRANSACTIONS