Legally Bharat

Court allows firm to take £386k in fees from frozen client account

Ward Hadaway: Contractual right of set-off A law firm can be paid from monies held in its client account despite them being subject to both a freezing order and a third-party debt order, the High Court has ruled. Master Bowles, sitting in retirement, said Newcastle-based Ward Hadaway had a contractual right of set-off to £386,400 […]

Green light for billionaire to challenge law firm’s £13m fees

Coulson: Uneasy bedfellows The Court of Appeal has upheld a decision that none of the 79 invoices worth nearly £13m received by a billionaire businessman over six years were statutory bills, meaning they remain open for challenge. Lord Justice Coulson acknowledged, however, that solicitors seeking interim costs payments, while still wanting the protection of section […]

Sebi mulls expanding scope of informal guidance scheme, raises fees, ET LegalWorld

Capital markets regulator Sebi on Friday proposed changes to the informal guidance scheme to expand the list of applicants that can seek guidance under the plan and enhance the fee for making an application. In its consultation paper, Sebi has proposed that stock exchanges, clearing corporations, depositories and managers of a pooled investment vehicle registered […]