Woodford investors must be prepared to go all the way to trial
Clifford Chance appointed by Link
Neil Woodford
Investors pursuing a claim to recover compensation from their investments in the former Woodford Equity Income fund (WEIF) must be prepared to go all the way to trial , Boz Michalowska, head of consumer law at Leigh Day, has warned.
Speaking to claimants at an event organised by Mello Events and ShareSoc, which has endorsed Leigh Day s claim against authorised corporate director (ACD) Link Fund Solutions, Michalowska added that the.
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Herbert Smith Freehills celebrates as UK Supreme Court backs businesses in Covid-19 insurance ruling
15 January 2021
FCA wins fast-tracked appeal unlocking payments to 1,000s of businesses
Willy Barton; Shutterstock The UK Supreme Court has ruled in favour of thousands of small businesses in the Financial Conduct Authority’s business insurance test case litigation, delivering a notable victory for the regulator s advisers, Herbert Smith Freehills (HSF).
The ruling will affect insureds and insurers alike impacted by pandemic-related business interruption losses. It follows a remote, expedited trial in July 2020 before a Divisional Court consisting of Lord Justice Flaux and Mr Justice Butcher. The fast-track ‘leapfrog’ appeal hearing, from the first instance decision, heard remotely in November, was before a strong constitution of the Supreme Court, comprising its president, Lord Reed, Lord Hodge, the deputy president, and Lord Briggs, Lord Hamblen and Lord Leggatt.