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.