Financial Conduct Authority v Arch Insurance (UK) Ltd & others
UK Supreme Court case / From Wikipedia, the free encyclopedia
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The Financial Conduct Authority v Arch Insurance (UK) Ltd & others [2021] UKSC 1 is a United Kingdom Supreme Court case determining whether commercial insurance policies for business interruption cover claims due to the COVID-19 pandemic and consequent lockdowns.[1][2][3] The case has implications on disputed business interruption claims worth at least £1.2 billion and affecting 370,000 businesses, primarily in the hospitality and entertainment sectors.[4][5] On 15 January 2021, the Supreme Court found in favour of the claimants.[3][6]
Quick Facts Financial Conduct Authority v Arch Insurance (UK) Ltd & others, Court ...
Financial Conduct Authority v Arch Insurance (UK) Ltd & others | |
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Court | Supreme Court of the United Kingdom |
Decided | 15 January 2021 |
Citation(s) | [2021] UKSC 1 |
Case history | |
Prior action(s) | [2020] EWHC 2448 (Comm) |
Court membership | |
Judge(s) sitting | Robert Reed, Patrick Hodge, Michael Briggs, Nicholas Hamblen, George Leggatt |
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