Flexible budgeting recommendations made by the CJC’s report of May last year have been accepted by the Master of the Rolls and more recently discussed at last month’s CPRC meeting.
Key points:
- A new Precedent H costs form has been proposed, modelled on the existing Precedent H
- A draft new Practice Direction includes budgeting claims with a value of over £10m
- A draft pilot Practice Direction provides for 5 categories of case, each limited in certain courts:
– Business & Property Courts (BPC) claims with a value of £1m or more;
– BPC claims with a value of less than £1m;
– Qualified One-Way Costs (QOCS) claims;
– Non-QOCS claims; and
– Certain other non-BPC claims.
It was agreed in principle that each case category may have its own Practice Direction and the implementation dates need not be the same.
Watch this space for further updates…