The claim alleges that a global insurance company breached its contract of insurance with its client, an industrial company, by failing to pay out for losses due to Business Interruption.
The Company was placed into liquidation and the Liquidator is now pursuing the claim against the insurer.
The case relates to the topical issue of business interruption insurance, a source of much litigation arising out of the COVID-19 pandemic.
Therium’s funding provides the liquidator with resources to bring the claim.
Breach of Contract / Insurance / Insolvency
Financial Services / Natural Resources / Insurance
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