NI discount rate: five weeks to submit evidence on the new Bill

As we reported last week, the Committee for Justice has today opened a new call for evidence (CE) seeking stakeholders’ views on the legislation designed to re-set the legal basis for the personal injury discount rate (PIDR), the Damages (Return on Investment) Bill. The terms of the six questions posed in the CE are clear and responses are due by 30 April 2021. Our views on the principles involved are unlikely to have changed since the pre-legislative consultation conducted last summer but the CE provides an important opportunity to make submissions on the points of detail involved in the new legal framework for setting the PIDR in Northern Ireland.

Alistair Kinley, Director of Policy & Government Affairs
alistair.kinley@blmlaw.com

Personal injury discount rate in Northern Ireland to move closer to English or Scottish models

The Northern Ireland Department of Justice NI today issued, as had been expected before the summer break, a consultation paper on changing the legal framework by which the personal injury discount rate (PIDR) may be set. By coincidence, the consultation follows only a week after a similar exercise was launched by the Justice Department in Dublin.

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