Covid-19 and Business Interruption Update

Covid-19 and Business Interruption Update

The Financial Conduct Association (FCA) have issued a statement relating to the Supreme Court appeals following the High Court test case judgement.

Date of appeal in the Supreme Court

“On 2 November, the Supreme Court granted permission to appeal to all those who had applied for it.

The appeal in the Supreme Court will be heard from Monday 16 November and is expected to last for 4 days.

The appeal hearing will be by video link.

As we have stated previously, we believe that this ‘leapfrog’ appeal to the Supreme Court is the fastest way to get legal clarity for all parties in the event that it is not possible to find a solution with insurers which resolves the outstanding issues, before the appeal takes place, to enable pay-outs on eligible claims.”

For more information on this matter visit www.fca.org.uk/firms/business-interruption-insurance and www.abi.org.uk/products-and-issues/topics-and-issues/coronavirus-hub/business-insurance/