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FCA publishes final transcripts of business interruption test case

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Published on: 18 August 2020

Published by LNB News

LNB News 18/08/2020

Document Information

Issue Date: 18 August 2020

Published Date: 18 August 2020

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Financial Conduct Authority (FCA) has published the final transcript of all eight days of its business interruption (BI) insurance test case trial on its website. The FCA is seeking legal clarity on BI insurance during the coronavirus (COVID-19) crisis. It intends to obtain court declarations as part of a test case, aimed at resolving the contractual uncertainty around the validity of many BI claims. The eight-day court hearing took place before Lord Justice Flaux and Mr Justice Butcher on 20–23 July and 27–30 July 2020.

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