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Top UK Court Rules Insurers Must Cover Lockdown Losses

Top UK Court Rules Insurers Must Cover Lockdown Losses By Law360 is providing free access to its coronavirus coverage to make sure all members of the legal community have accurate information in this time of uncertainty and change. Use the form below to sign up for any of our weekly newsletters. Signing up for any of our section newsletters will opt you in to the weekly Coronavirus briefing. Sign up for our Commercial Litigation UK newsletter You must correct or enter the following before you can sign up: Email (NOTE: Free email domains not supported) Primary area of interest Thank You!

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Herbert Smith Freehills celebrates as UK Supreme Court backs businesses in Covid-19 insurance ruling

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.

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Aircraft lease payments: Air India gets reprieve

Published: Sunday, December 13, 2020, 8:39 [IST] New Delhi, Dec 13: Air India has got some reprieve from a UK court as it allowed India s flag carrier time until early January to make payments in a case of unpaid dues of over $17.6 million, with the judge accepting the broad thrust of the airline s financial difficulties, especially due to the grounding of flights during the Covid-19 lockdown. Judge Simon Salzedo, however, issued a strong rebuke to Air India for its unsatisfactory and discourteous conduct in relation to the case by not engaging with the process in a timely manner. The hearing, held remotely at the Commercial Court division here on Friday, involved unpaid dues of over $17.6 million to China Aircraft Leasing Company Limited (CALC) as part of an aircraft lease agreement for rent and maintenance.

United kingdomNew delhiSimon salzedoVicky nanjappaVikash aiyappaAir indiaChina aircraft leasing company limitedCommercial courtNew yearBreaking newsInstant updatesஒன்றுபட்டது கிஂக்டம்புதியது டெல்ஹிவிக்கி நஞ்சப்பாஅேக இந்தியாசீனா வான்கலம் குத்தகை நிறுவனம் வரையறுக்கப்பட்டவை

Air India gets reprieve in UK court over $17 6 million lease payments

Air India gets reprieve in UK court over $17 6 million lease payments
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United kingdomSimon salzedoAir indiaChina aircraft leasing company limitedNew yearஒன்றுபட்டது கிஂக்டம்அேக இந்தியாசீனா வான்கலம் குத்தகை நிறுவனம் வரையறுக்கப்பட்டவைபுதியது ஆண்டு

Air India gets reprieve in UK court over aircraft lease payments

Air India has got some reprieve from a UK court as it allowed India s flag carrier time until early January to make payments in a case of unpaid dues of over USD 17.6 million, with the judge accepting the broad thrust of the airline s financial difficulties, especially due to the grounding of flights during the COVID-19 lockdown. Judge Simon Salzedo, however, issued a strong rebuke to Air India for its unsatisfactory and discourteous conduct in relation to the case by not engaging with the process in a timely manner. The hearing, held remotely at the Commercial Court division here on Friday, involved unpaid dues of over USD 17.6 million to China Aircraft Leasing Company Limited (CALC) as part of an aircraft lease agreement for rent and maintenance.

United kingdomSimon salzedoAir indiaChina aircraft leasing company limitedCommercial courtNew yearஒன்றுபட்டது கிஂக்டம்அேக இந்தியாசீனா வான்கலம் குத்தகை நிறுவனம் வரையறுக்கப்பட்டவைவணிகரீதியானது நீதிமன்றம்புதியது ஆண்டு