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.”