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Factors to be taken into account (rule 41.7)
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| 1. |
The factors which the court shall
have regard to under rule 41.7 include – |
| | (1)
| the scale of the annual
payments taking into account any deduction for contributory
negligence; |
|
| | (2)
| the form of award preferred by
the claimant including –|
| | (a)
| the reasons for the
claimant’s preference; and |
|
| | (b)
| the nature of any
financial advice received by the claimant when considering the form of award;
and |
|
|
| | (3)
| the form of award preferred by
the defendant including the reasons for the defendant’s
preference. |
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Continuity of payment (rule 41.9)
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| 3. |
Before ordering an alternative
method of funding under rule 41.9(1), the court must be satisfied that the
following criteria are met – |
| | (1)
| that a method of funding
provided for under section 2(4) of the 1996 Act is not possible or there are
good reasons to justify an alternative method of funding; |
|
| | (2)
| that the proposed method of
funding can be maintained for the duration of the award or for the proposed
duration of the method of funding; and |
|
| | (3)
| that the proposed method of
funding will meet the level of payment ordered by the court. |
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Assignment or charge (rule 41.10)
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| 4. |
The factors which the court shall
have regard to under rule 41.10 include – |
| | (1)
| whether the capitalised value
of the assignment or charge represents value for money; |
|
| | (2)
| whether the assignment or
charge is in the claimant’s best interests, taking into account whether these
interests can be met in some other way; and |
|
| | (3)
| how the claimant will be
financially supported following the assignment or charge. |
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Settlement or compromise on behalf of child or protected
party
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| 7. |
Where a claim for damages for
personal injury is made by or on behalf of a child or protected
party and is settled prior to
the start of proceedings or before trial, the provisions of the Practice
Direction which supplements Part 21 must be complied with. |
| Heading to Paragraph 7 amended
w/e from 1 October 2007. |