06-10-2020
After ten months of uncertainty the UK Supreme Court has delivered its final verdict that insurers must pay out billions in business interruption (BI) claims to companies forced to close during the COVID-19 pandemic lockdown, ruling in favour of the Financial Conduct Authority (FCA) in a landmark case. Insurers and industry bodies have shared their reactions to the judgement with some warning that it could have huge ramifications for insurance beyond BI.
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Rockpool Acquisitions Plc (AIM: ROC), the S pecial Purpose Acquisition Company ( SPAC ) formed to undertake the acquisition of a company or business headquartered or materially based in Northern Ireland, announces its unaudited Interim Results for the six months ended 30 September 2020. · The Company s mandate to seek, through its SPAC status, a company or business headquartered or materially based in Northern Ireland, progresses. · The Board remains in discussion with Greenview Gas Limited ( Greenview Gas ) and is confident that a transaction suitable for shareholders will materialise despite the impact of Covid-19. · Were the transaction with Greenview Gas to not conclude, the Company has other targets through which it will fulfil its mandate to its shareholders.