Amendments to the Civil Procedure Rules 199821.
In the Glossary—
(a)
after the entry for “Base rate”, insert—
“Budget
An estimate of the reasonable and proportionate costs (including disbursements) which a party intends to incur in the proceedings.”
; and
(b)
after the entry for “Exemplary damages”, insert—
“Damages-based agreement
A damages-based agreement is an agreement which complies with the provisions of the Damages-Based Agreements Regulations 2013.”