Loyaltrend And Business Interruption Losses In The UK
June 1, 2010, 1:22 PM EDT
Law360, New York (June 1, 2010, 1:22 PM EDT) -- In early 2010, the U.K. High Court considered a claim for business interruption losses arising from subsidence affecting a shop. The judge, though not departing from any established principles of law, issued a salutary reminder of the importance of notice provisions in insurance contracts and of the triggers for claiming business interruption losses.
The claimants in Loyaltrend Limited and Anor v. Creechurch Dedicated Limited and Ors  EWHC 425 (Comm) claimed for damage and business interruption arising from subsidence affecting their shop. The claimants were...
Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.