A London court has agreed to allow AXA to appeal a £4.5 million ($6 million) payout to the owner of several high-end London restaurants closed during the pandemic, citing the potential for the courts to flesh out a landmark U.K. Supreme Court ruling.
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The owner of The Wolseley and other upmarket London restaurants urged the High Court on Tuesday to order insurer AXA to pay out the £6 million ($8.1 million) it claims it is owed under its business interruption policy to cover COVID-19 losses.