LexisPSL practice note assesses the aftermath of Jackson
The Jackson costs budgeting reforms have not been without teething problems, a detailed LexisPSL practice note reports.
It was, for example, initially unclear whether court fees should be included in the budget, and the statement of truth was felt to be ambiguous.
An amendment to the costs budgeting exemptions is due to come into force on 22 April. From that date, costs budgeting will only apply to Pt 7 claims, with a blanket exemption for claims valued at £10m or more. However, the changes will affect all users of the courts, namely all claims in the commercial court, and claims valued at more than £2m in the Chancery Division and Queen’s Bench Division.
The practice note offers in- depth, practical advice on the latest developments, including the proposed amendment.
