Litigation lending
20 Litigation lending
A solicitor who has assisted a client to obtain a litigation lending account with a bank, or other financial institution, for the purpose of funding litigation, must not withdraw, or cause or permit the withdrawal of, money from the client’s account for any purpose other than – to reimburse the solicitor for disbursements (including Counsel’s fees) already paid; or to pay on behalf of the client any accounts due for payment to a third party, including the payment of costs due to a solicitor who has previously acted for the client where such a payment is required to obtain delivery of documents retained under a lien for unpaid costs claimed by that solicitor.
All withdrawals of money from the client’s account under subrule (1) must be made in accordance with the client’s instructions.
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