Periodical Payments: The New Law: A Special Bulletin

The power of UK courts to impose periodical payments was introduced in April 2005 by the Courts Act 2003. Periodical payments may be imposed in any case involving future loss, and has not been restricted to high value cases. The potential impact of these reforms is great, but how the courts will use this new power is uncertain. However, all practitioners dealing with cases involving future loss must be prepared to deal with periodical payments. This timely special bulletin explains the new UK law and procedure, and provides sample pleading and schedule of damages, together with up-to-date versions of all relevant statutory materials.