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No Win, No Fee Problems   no comments

Posted at 5:29 pm in News

A while back, a man was called the ‘world’s worst’ tennis player by the Telegraph and other newspapers. He didn’t take it lying down, and recieved a lot of money in damages from a number of news outlets.

But against the Telegraph, he lost his defamation lawsuit. There is an interesting story here about the tennis player, who was insulted by the description of his record 54-straight losses on the international circuit.

The legal action was threatened against a number of news outlets on the basis that descriptions and claims were defamatory, and could damage his career. The number that did back down is supposedly around 30 — he posted pictures of their damages payments on his website — the Telegraph refused to do so.

But the Telegraph fought the case on the basis that the article, “World’s worst tennis pro wins at last”, was not arguably defamatory when read together with another item in the same edition, and that Mr Dee had no real prospect of rebutting the defences of justification and fair comment.

Thinking about it, it reminded me of this story, where a teacher sued her school board after she was prohibited from giving an F grade to her students.

But, really, both pieces are interesting. It just shows what kind of effect conditional fee arrangements — or no win, no fee solicitors, has had on society. Law actions are ridiculously expensive … and yet, increasingly, people are offered these deals.

I wonder if Mr Dee took up a no win, no fee deal. And I wonder if the newspapers and news outlets who gave him money to prevent trials are regretting doing so.

Written by blog on May 3rd, 2010

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Do you get good bonuses?   no comments

Posted at 6:53 pm in Economy,News

This banker made £4 million in bonus money, according to reports. And that sort of money, in any field, is astonishing. It’s just staggering.

But then I think that — well — this is banking. And in banking, bonuses are how they make their money — or the big money, anyway. And if they weren’t paid such bonuses by their companies, they would just be lured elsewhere by other companies willing to pay them such bonuses.

That’s just the way of the world.

But it also got me thinking — what sort of bonuses do we, who are not bankers, have available? There are pension schemes, of course, and health plans, and company cars or phones in a lot of cases.

Some businesses even offer group health insurance. But are these enough? And, regardless, are they genuinely good deals, good offers; or are we just being thrown scraps, as it were, to entice us or keep us quiet.

And what about things like pension schemes? I have a friend who, having worked for twenty years or so in London, and earned a lot of money while he was there, has a laughable pension plan that won’t be much help at all when he retires.

Are you happy with what you’re offered outside of regular pay? Are you happy with your pension? It would be interesting to hear…

Written by blog on April 15th, 2010

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