High Court holds that an Insolvency Exclusion applies in respect of a claim under the Third Parties (Rights Against Insurers) Act 1930 (“1930 Act”) and awards summary judgment accordingly but declines to provide much-needed guidance on insurers’ liability in the case of claims partially settled by the Financial Services Compensation Scheme (“FSCS”).
United Kingdom, Insolvency & Restructuring, Insurance, Litigation, Clyde & Co LLP, Financial Services Compensation Scheme, Financial Conduct Authority (UK), High Court of Justice (England & Wales)
How has the bankruptcy and restructuring landscape changed in the wake of the global financial crisis?
European Union, USA, Insolvency & Restructuring, Arnold & Porter, Bankruptcy, Fiduciary, Title 11 of the US Code