'Much-needed clarity' - lawyers reflect on the landmark UK Covid-19 insurance test case
19 January 2021
'Much-needed clarity' - lawyers reflect on the landmark UK Covid-19 insurance test case
While the claimant lawyers are celebrating, advisers on both sides have welcomed the Supreme Court's judgment
Shutterstock; Philographer
An array of UK claimant and defendant lawyers have been assessing the impact of the Supreme Court Covid-19 business interruption insurance test case, which came to a headline-grabbing conclusion last Friday.
Lawyers acting for the for the Financial Conduct Authority (FCA), which led the initiative, and for the 1,000s of small businesses affected by the first lockdown who can now expect pay outs were unsurprisingly celebrating for their clients. But there was agreement on both sides that the landmark ruling had delivered welcome clarity in an impressively short timeframe.