Taxpayer loses if insolvency exemption lost

News that a leading defendant firm has called for an immediate end to the exemption for mesothelioma cases from the costs provisions of LASPO should tell the Lord Chancellor exactly where the defence interests lie - in stifling proper claims by legitimate victims.

Similarly in insolvency the loser will be the taxpayer and the smaller trade creditors if the insolvency exemption is lost.

It is a public policy anomaly, as retention of the exemption fits well with greater use of the private sector incentivised to perform in delivering national targets such as fraud reduction and rehabilitation of offenders.

I urge the Lord Chancellor to think again.

 

Filed Under: Insolvency

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