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1.—(1) These Regulations may be cited as the Damages-Based Agreements Regulations 2010 and come into force on the day after the day on which they are made.
(2) In these Regulations—
“the Act” means the Courts and Legal Services Act 1990;
“client” means the person who has instructed the representative to provide advocacy services, litigation services (within the meaning of section 119 of the Act) or claims management services (within the meaning of section 4(2)(b) of the Compensation Act 2006(1)) and is liable to make a payment for those services;
“costs” means the total of the representative’s time reasonably spent, in respect of the claim or proceedings, multiplied by the reasonable hourly rate of remuneration of the representative;
“damages-based agreement” means a damages-based agreement which relates to an employment matter;
“expenses” means disbursements incurred by the representative, including counsel’s fees and the expense of obtaining an expert’s report;
“payment” means a part of the sum recovered in respect of the claim or damages awarded that the client agrees to pay the representative and excludes expenses;
“representative” means the person providing the advocacy services, litigation services or claims management services to which the damages-based agreement relates.
(3) These Regulations apply to all damages-based agreements signed on or after the date on which these Regulations come into force.
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