Adverse costs are one of those issues which non professionals do not visit. Adverse costs are a term which identifies an issue with litigations and an issue which should be considered before embarking on litigation adventures. By way of explanation, adverse costs are the sums of money you the consumer may become liable for in the event that you lose your legal action. This is a great worry for some consumers and should be addressed so consumers are aware of the risk. In the event that TESS support the consumers position (to seek damages and/of compensation) they will engage with others and finance those actions on a damage based agreement. In the event that TESS is supporting the legal action, they will irrevocably pay any adverse costs orders so that the consumer is fully indemnified against any forward liabilities.
Last modified: 5th February 2016