In court this week: Financial Conduct Authority’s test case over business interruption policies

20 July, 2020

Two members of chambers are involved in an important test case taking place this week; the trial will determine whether Business Interruption (BI) wordings respond to coronavirus-related losses.

The FCA are seeking legal clarity on the proper meaning and effect of certain BI insurance wording during the Covid-19 crisis. Nine insurance companies are assisting with the High Court claim. The trial is expected to last eight days in the High Court before Lord Justice Flaux and Mr Justice Butcher in the High Court.

John Lockey QC and Jeremy Brier are instructed by Clyde & Co to act for the first Defendant, Arch Insurance (UK) Limited.

Read more about this case here: The Lawyer, The BBC, The FCA and The Insurance Times