5 January 2021, the Supreme Court handed down its judgment in The Financial Conduct Authority v Arch and Others: how the law has changed in light of the judgment and looks at certain practical issues that policyholders may need to consider going forward.
On 15 January 2021, the Supreme Court handed down its judgment in
The Financial Conduct Authority v Arch and Others. Our alert of 19 January 2021 considered the implications of the judgment for policyholders seeking to claim for business interruption losses inflicted by the COVID-19 pandemic. The judgment represents the final word on the issues considered in the test case and is generally helpful to policyholders with non-damage business interruption coverage extensions. However, as noted in this alert, the judgment left some issues unresolved, particularly in relation to certain coverage clauses and how claims should be quantified. In relation to those issues that were decided, the judgment is likely to have wider implications for English insurance law generally. In particular, the Supreme Court considered issues of causation and trends clauses in far greater detail than the High Court judgment (for which see our alert of 22 September 2020. This alert briefly considers how the law
Lifestyle Hotels Broaden Accor s Horizons
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Lifestyle Hotels Broaden Our Horizons Photo: Accor
They are unique, in touch, and cater to every whim. The Lifestyle segment treats guests to a different experience at each hotel, every time. The concept is rocketing and nothing can stop it now. Accor was one of the first to glimpse its potential. Now it is organizing its product range and solidifying its positions to be ready when the market restarts. Advertisements
Mama loves you . Take a second to think about that tagline:
Mama Shelter rewrote every rule in the book when it showered its love on a new concept, boutique hotels, at a time when the market was scrambling to standardize. That was in 2008 and its first hotel opened in Belleville, a non-touristy, multicultural part of Paris. The location was atypical. So were the design, ambience and services. The experience was like nothing ever seen before. And guests loved it back.
By DestinAsian - February 22, 2021
The hospitality giantâs COO for South East Asia, Japan and South Korea highlights a few notable projects in the pipeline and explains how Accor has adapted to the new normal.
All photos courtesy of Accor
Accor previously embraced a strategy of accelerating hotel development through organic growth and acquisition. Has the current crisis changed that approach?
We have been pleasantly surprised by the number of signings that have continued through the pandemic and at the quality of projects we have in the pipeline, including a large percentage of lifestyle and luxury hotels and resorts. While acquisitions have slowed over this period, there is definitely a big appetite for smaller, unbranded hotels to join Accor, knowing our expert sales teams, globally recognized brands, worldwide distribution platforms, ALLSAFE cleaning protocols and hygiene standards and the comfort and security that comes from being part of a large group
Thursday, January 28, 2021
The Financial Conduct Authority (the “
FCA”) has published a ‘Dear CEO’ letter to insurers following the recent decision made in the Supreme Court test case on non-physical damage business interruption (“
BI”) insurance. The FCA is determined to make the next steps on the recent ruling as clear as possible.
A table of outcomes arranged by policy types was published on the FCA website last week, detailing the list of policies reviewed by the High Court and the Supreme Court. It covers the final judgment on whether policies would provide cover and other factors to assess against specific policies. The table uses a sample of 21 policy wordings to assist insurers and policyholders in understanding whether their policy provides cover.