A new law welcomed by Personal Injury compensation claim solicitors
On 25 March 2010 a Bill aimed at making it easier and cheaper to claim compensation from insolvent defendants became an Act of Parliament – ie: law.
The Third Parties (Rights Against Insurers) Bill has completed its progress through Parliament in just 4 months. It is only the second Law Commission Bill, and the first involving Personal Injury matters, to pass through Parliament in a new 'fast-track' procedure.
Before this new law was passed it was necessary for claimants to restore a company to the register to enable proceedings to be issued and served if the company was no longer trading and had been dissolved. This was costly and caused delays with claims.
The new law takes away the need to go through these separate proceedings. Now people claiming compensation for personal injury from a company that has gone bust have the right to pursue the insurers direct without the need to restore the company.
The existing requirement for a dissolved company to be restored to the register of companies in order to make a compensation claim will be removed.
We welcome these new rules and hope that people who need to claim compensation for personal injury from companies no longer trading will now find the process simpler, faster and less expensive than the old system. It will be particularly helpful for claimants diagnosed with an industrial disease.
We have years of experience in successfully handling personal injury compensation claims and will now make the most of this new legislation. Useful links