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.
Quinn Emanuel celebrates landmark Supreme Court victory over Mastercard class actionÂ
11 December 2020
Quinn Emanuel celebrates landmark Supreme Court victory over Mastercard class actionÂ
Claim on behalf of 46 million UK consumers can proceed, but Freshfields points to split judgment
Willy Barton; Shutterstock In a major victory for Quinn Emanuel Urquhart & Sullivan, the UK Supreme Court has today allowed a £14bn class action against Mastercard over the alleged over-charging of credit card fees to proceed. The ruling – the first of its kind to reach the court – confirms the correct legal requirements for certifying class actions and gives the green light for Quinn Emanuel’s client, former financial ombudsman Walter Merricks, to press ahead with a claim before the Competition Appeal Tribunal (CAT) on behalf of 46 million UK consumers.