Deans Court Chambers is delighted to invite you to a Discount Rate seminar. Details of what will be covered are as follows:-
Thursday 6th July 2017 – Registration at 4.00pm for a prompt 4.15pm start and the seminar should last no more than two hours.
Deans Court Chambers, 24 St John Street, Manchester M3 4DF
CPD – two hours
The early shock which accompanied the Lord Chancellor’s announcement of a significant reduction in the discount rate has perhaps started to abate, but the future for this very important area of law remains very uncertain.
The Lord Chancellor published her consultation in March, requesting evidence and inviting views on the methodology which underpins the discount rate. The paper raises interesting issues as to the way in which seriously injured claimants should be expected to invest their damages, and the impact of the availability of Periodical Payment Orders.
All of the major stakeholders have submitted and published their written responses. As would be expected, the government has been given a great deal to think about, and a wide range of differing views.
What is likely to happen next? What options does the Lord Chancellor have, and what impact would they have on the value and structure of damages awards? What are the timescales for future developments? What do claimants and defendants do with their cases in the meantime?
We hope to offer some valuable thoughts on these and other issues relating to this period of considerable uncertainty, and we look forward to discussing them with our most valued clients.
There will be four speakers who will cover the following:-
1. Richard Whitehall:-
- Where are we now and what will happen next?
- Changing the rate in the future – who, when and how?
2. Stephen Grime QC:-
- Devil and Detail; how many rates and what benchmark(s)?
3. Tim Horlock QC:-
- What is the future role of Periodical Payment Orders?
4. Jennifer Stone – Nestor:-
- The financial perspective on ILGs and investment assumptions.
- The impact of the -0.75% discount rate on the viability of periodical payments.
Networking and drinks to follow. The seminar is free of charge and restricted to our valued clients.