Supreme Court Judgment on FCA BI Litigation Due to COVID-19 Pandemic

The UK Supreme Court issued its decision on the Financial Conduct Authority (FCA) test case litigation regarding insurance coverage on COVID-19 business interruption claims. The decision analyzes the appeals filed by both FCA and insurers against the first instance decision previously delivered in June 2020. Our partner DAC Beachcroft prepared a summary of the main statements of the decision that can be accessed here.

We are following the impacts of such decision on the Brazilian insurance and reinsurance market and remain at your disposal to clarify any issue.