Blog: Stevens v Equity...what now?
Six months on from the landmark decision of the Court of Appeal in Stevens v Equity, the ramifications continue to be felt across the industry. The judgment appeared to be the game changer that the insurance industry had been hoping for following the disappointing outcome of the Competition and Markets Authority investigation. But how is the credit hire market responding in the face of reduced basic hire rates?
Throughout the course of the Stevens case, the Court of Appeal expressed repeated concerns about the disproportionate costs and court time spent dealing with credit hire litigation. It was therefore
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