Friday, September 02, 2011

Perry's 'loser pays' is an economic winner

There isn’t much policywise coming out of Europe these days that one would expect a conservative like Texas Gov. Rick Perry to emulate because the Continent typically is the domain of the left. However, Mr. Perry recently imported a reform from across the pond that is sure to make the Lone Star State, already the economic envy of the nation, even more of a job-creating juggernaut.

Under the current American legal system, each side in litigation typically retains financial responsibility for its own legal fees absent a prearranged agreement stating otherwise. Yet under the English rule, adopted by virtually every other legal system in the West, the responsibility for attorneys’ fees can be summed up in two words: Loser pays. When two sides enter into litigation, the losing side must pay the winning side any damages awarded, as well as compensation for legal fees incurred by the victor.



RUSSELL & GLEASON: Perry's 'loser pays' is an economic winner - Washington Times

No comments: