This is likely to have a significant impact on the insolvency sector, as we may now see a real reluctance from some insolvency practitioners in pursuing claims, particularly lower value ones.

This could play into the hands of the litigation funders, especially with the changes being introduced by SBEEA in relation the ability for insolvency practitioners  to assign officeholder claims as well as Company claims.

Contentious insolvency lawyers could soon find themselves doing more and more work for litigation funders and less for insolvency practitioners.