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Latest Update From The Financial Conduct Authority

23rd November 2020

The latest update from the Financial Conduct Authority relating to the appeals following the Business Interruption Test Case is below:

“19 November 2020

Timing of judgment from the Supreme Court

The Supreme Court appeal hearing has now ended. Lord Reed recognised the importance of an early judgment for the businesses affected. He said that the Justices would do what they could to provide judgment as quickly as possible, but could not comment on whether that would be before Christmas or in January. The Court intends to keep the parties informed, and we will update this webpage to that effect as soon as we can.”

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/

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