FCA BI Test Case - Date of appeal in the Supreme Court set

Date-set-for-FCA-business-interruption-test-case-appeals-in-Supreme-Court

FCA statement:

On 2 November 2020, the Supreme Court granted permission to appeal to all those who had applied for it.

The appeal in the Supreme Court will be heard from Monday 16 November and is expected to last for 4 days.

The appeal hearing will be by video link.

As we have stated previously, we believe that this 'leapfrog' appeal to the Supreme Court is the fastest way to get legal clarity for all parties in the event that it is not possible to find a solution with insurers which resolves the outstanding issues, before the appeal takes place, to enable pay-outs on eligible claims.

As Royal & Sun Alliance Insurance Plc has confirmed it will not be appealing the High Court's judgment in respect of the RSA4 wording, Hospitality Insurance Group Action has confirmed that it will not be seeking to intervene in the Supreme Court appeal.

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