Insurance test case rules some insurers should have paid out for losses caused by Coronavirus lockdown

Today’s insurance test case ruled that some insurers should have paid out for losses caused by Coronavirus lockdown, since ‘disease clauses’ in business interruption policies should have applied.

Related briefings

HMRC estate administration investigations

An article in the mainstream press has noted that HM Revenue & Customs has taken an additional £274m in inheritance tax (IHT) from its investigations into 5,638 estate administrations in the 2019/20 year. This is the highest in over 4 years and equates to an additional £48,500 of IHT for each estate which has been investigated.

Visa’s Acquisition of Plaid – Who Benefits Most?

Now that the deal, announced at the beginning of the year, has finally been cleared, what do Plaid and Visa stand to gain from it? Simon De Broise examines the likely impact of the acquisition on the two companies and the financial sector as a whole.

Latest Briefings

Sending in the bailiffs… no longer an option for landlords

On 15 September 2020, the government announced further measures to protect commercial tenants from recovery action by restricting the ability of landlords to recover unpaid rent by utilising the Commercial Rent Arrears Recovery process (“CRAR”).

What price do you put on the environment?

The pandemic has challenged a lot of the ways we do things, and large scale on-site catering has been subject to more change than most. For some, this has meant the logistical challenge of delivering meals to residents at a distance from a central kitchen, and alongside the physical distribution, this has brought about the need to procure packaging for hot meals.

SMAs – a phoenix from the flames of Covid-19?

One of the consequences of the slowdown in fundraising caused by the recent pandemic seems to have been an increase in the use of Separately Managed Accounts as investment vehicles.

Recommended

Stolt-Neilsen appoints new general counsel

Stolt-Neilsen has recruited A-Gas’s general counsel as its global legal chief. Nick Webb joins the listed Norwegian shipping company’s HQ in London in November, where he will oversee all legal and compliance and report to CEO Niels Stolt-Nielsen. Webb replaces Stolt-Neilsen’s former GC Bapsy Dastur. Webb has been global GC of KKR-backed A-Gas International since […]

germany

Cum-ex saga: German minister casts doubt over future government contracts for Freshfields

Germany’s finance minster today suggested that Freshfields Bruckhaus Deringer is unlikely to receive any new contracts from the country’s government, as he addressed concerns over the ongoing cum-ex saga. Olaf Scholz was questioned in the country’s Bundestag over a range of matters related to cum-ex trading, a controversial practice that was prohibited in Germany in […]

Keystone to resume dividends despite profits slowdown

Profits are down at dispersed firm Keystone Law, according to its interim results for the first half of 2020, as the business looks to resume dividend payments due to an increase in its revenue. The listed firm’s profit before tax was down 18.4 per cent from £2.7m to £2.2m, while its turnover grew 5 per […]

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