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What the FCA’s business interruption case means for your business

United Kingdom - October 22 2020 Small businesses have been thrown a Lifeline as a result of the judgement on 15 September 2020 in the business interruption insurance test case, where…

Beware the return of the Crown preference

United Kingdom - August 22 2020 The Finance Act 2020, which received Royal Assent on 22 July 2020, will partially restore HMRC’s position as a preferred creditor in insolvencies…

Robin Henry.

Sanctions update: appeal dismissed in Lamesa Investments Limited v Cynergy Bank Limited

United Kingdom - August 22 2020 Last year, the High Court held that UK based retail bank Cynergy (“Defendant”) could cease to make interest repayments under a loan facility with…

Robin Henry.

Brief update: Business Interruption Insurance - FCA files a Reply in the Test Case

United Kingdom - July 13 2020 The FCA has filed a very extensive Reply[1] (35 pages) to the insurers' Defences in its business interruption (BI) insurance test case, alleging…

Stephen Rosen.

Business Interruption Insurance - FCA Test Case update

United Kingdom - July 2 2020 The FCA's High Court test case, aimed at resolving the issue of whether business interruption losses caused by the COVID-19 pandemic are covered under…

Stephen Rosen.