The Supreme Court has today handed down its Judgment in the case of Financial Conduct Authority v Arch (UK)  UKSC 1 on expedited appeal from  EWHC 2448 (Comm).
It is the “test case” on Business Interruption insurance policies and whether they provide coverage for losses caused by reason of the Covid-19 pandemic and public health measures taken by UK authorities in response to the pandemic from March 2020.
The substantial Judgment running to 112 pages (with a leading Judgment given by Lord Hamblen and Lord Leggatt) addresses a number of issues in relation to 14 types of policy issued by 6 insurers which were said to be representative of the wider market.
Link to Judgment can be found here.
Link to hearing can be found here.