Further FCA update on BI insurance test case
The FCA has just provided a further update on the progress of its High Court test case concerning business interruption (“BI”) insurance.…
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FCA victory against law breaking pension introducers
The FCA has succeeded in its civil claim against two companies and three of their directors found to be providing unregulated pensions advisory services to consumers.…
New pressure for pensions’ scams inquiry
In a recent letter, Transparency Task Force (“TTF“) founder, Andy Agathangelou, wrote to chairman of the Work and Pensions Select Committee (“Committee“) to formally request an investigation into the growing concern of pensions’ scams as a major public interest issue.…
tPR vows to protect long-term savers
Earlier this week, the Pensions Regulator (“tPR“) published a strategy paper (“Corporate Plan“) outlining that its focus for the 2020-2021 financial year would be protecting long-term savers.…
Commercial Court confirms Pre-Action Disclosure is not the norm
By Garon Anthony & Sarah Neill
Earlier this month, in Carillion Plc (in liquidation) (“Carillion“) v KPMG LLP & Anor (“KPMG“) [2020] EWHC 1416, the Commercial Court dismissed Carillion’s application for pre-action disclosure by KPMG. The Court confirmed that to obtain an order for pre-action disclosure in the Commercial Court, the circumstances must be outside the “usual run” and the case must not be of the norm.…
Update on FCA’s BI test case
There have been further developments in the FCA’s test case concerning business interruption (“BI”) insurance. Details have just been published on the FCA’s website.…
Public Policy Defence against Foreign Money Judgment Fails
Earlier this month, in Lenkor Energy Trading Dmcc (“Lenkor“) v Puri (“Mr Puri“) [2020] EWHC 1432 the High Court upheld an order granting summary judgment in favour of Lenkor in relation to a debt owed to it by Mr Puri under a Dubai judgment. Mr Puri’s argument that illegality tainting the underlying transaction made enforcement of the judgment contrary to public policy, was rejected.…
Further guidance from ECJ on insureds right to choose their own lawyer
The Court of Justice of the EU (ECJ) recently considered the issue of an insured person’s right to choose their own lawyer under a legal expenses insurance policy, in the case of Orde van Vlaamse Balies and Ordre des barreaux francophones et germanophone v Ministerraad (Case C-667/18).…
CMC in FCA BI insurance coverage test case shines a light on issues at trial.
The first Case Management Conference (“CMC”) in the FCA’s test case on business interruption (“BI”) insurance coverage took place earlier this week before Judge Christopher Butcher.…
FCA updates on BI insurance test case
Last month we reported on the FCA’s plans for the future progress of its Financial Markets Test Case, a case that is intended to try and help resolve some of the legal uncertainties around business interruption (“BI”) insurance policy coverage and how various BI policies respond to COVID-19 related claims by insureds.
Earlier this week, the FCA provided an update on the progress of the High Court test case which will focus on non-damage extensions to…