Section 19Part 4 — GENERAL
Regulations
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The Cabinet, after consultation with the Chief Justice and any local professional associations representing attorneys-at-law in the Islands, may make regulations providing for contingency fee agreements and litigation funding agreements.
Regulations under subsection (1) may, among other things —
provide for the form and content of a contingency fee agreement;
provide for the maximum percentage of the amount or of the value of the property recovered that may be a contingency fee and may —
set a scale for the maximum percentage that may be charged for a contingency fee based on factors such as the value of the recovery and the amount of time spent by the attorney-at-law; and
differentiate the maximum percentage that may be charged for a contingency fee based on factors such as the type of cause of action and the court in which the action is to be heard and distinguishing between causes of actions of the same type;
impose duties on attorneys-at-law who enter into contingency fee agreements; and
exempt persons, actions or proceedings or classes of persons, actions or proceedings from this Act, regulations made under this section or any provision in those regulations.
The Rules Committee of the Grand Court may also make such rules as are necessary in order to give effect to court procedure relating to this Act.
Defined Terms
contingency fee agreementslitigation funding agreementsattorneys-at-lawcontingency fee
Cross References
- Section of Private Funding Of Legal Services Act
reference to this Act