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This note is relevant to liquidators, trustees in bankruptcy and administrators ("office holders") who have, or may have, claims which, prior to April 2015, they ought – or wish – to bring against any third party on behalf of the company or bankrupt individual to recover money or property for the benefit of creditors

Much has been written about the current massive shake-up to the litigation costs regime, including the abolition of the recovery of lawyer’s CFA success fees from the losing party.