Interest in ATE did not need to be declared rules High Court
Attempts to have pre-2005 conditional fee arrangements (CFA) ruled unenforceable because the solicitor did not declare an interest in the after the event (ATE) insurance product sold has failed in the High Court.
The case covered three ATE contracts but the judges concluded that none of the claimants’ solicitors had an interest that ought to have been disclosed.
The ruling covered ATE policies taken out under the 2000 (CFA) regulations, which were repealed in November 2005. Several other cases hinged on the ruling.
