FCA business interruption insurance test case – a recap as we await judgment

A summary of the background to the test case and the keys issues following the conclusion of the hearing On 30 July 2020, the High Court hearing of the FCA’s business interruption insurance test case concluded. The FCA intends to resolve the uncertainty as to how business interruption insurance policies should respond to Covid-19 related
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Covid-19: Furlough FAQs

ONE MILLION businesses are using the Coronavirus Job Retention Scheme to fund the wages of 7.5 million employees at a cost to the government of £12bn a month. The scheme, under which employers may apply for government grants equivalent to 80% of furloughed employees’ pay, has been a lifeline to firms in peril as a
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Supreme Court decision restricts Insurers’ exposure to non-party costs orders

Travelers Insurance Ltd v XYZ Supreme Court decision restricts Insurers’ exposure to non-party costs orders On 30 October 2019, the Supreme Court handed down its decision in Travelers Insurance Co Ltd v XYZ and set out helpful guidance as to circumstances in which liability insurers may be susceptible to non-party costs orders being made against
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UK: Court of Appeal restates the law of fraudulent misrepresentation and the principle of transferred loss

Nederlandse Industrie Van Eiprodukten v RembrandtEnterprises Inc [2019] EXCA Civ 596 Court of Appeal restates the law of fraudulent misrepresentation and the principle of transferred loss This appeal raised two important issues in relation to fraudulent misrepresentation and the scope of the principle of ‘transferred loss’. Background The case arose out of the avian flu
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