Structured Settlements
Structured settlements look set to become increasingly common following a recent working party which recommended that they be more widely used and, in particular, that where cases involve children or patients, the court should not approve the settlement of a claim unless satisfied that a structured settlement has been considered. In addition, the costs of reasonable financial advice should be regarded as a cost of the litigation.
It is likely that, over time, the ‘lump sum’ settlement for major claims will cease to be used.
It is likely that, over time, the ‘lump sum’ settlement for major claims will cease to be used.
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