On February 21st, The Full Federal Court dismissed the 2nd Test Case Appeals finding in favour of the insurers. It was disappointing decision for Australian businesses continuing to rebuild their business without a way to claim under their policies for their COVID-related business interruption.
The parties to the Full Court proceedings have a period of 28 days in which they may apply for special leave to appeal to the High Court.
If the High Court does not allow an appeal, this legal dispute will come to an end.
If you have any open COVID-19 business interruption claims, please contact your broker or call us on 08 9387 8588 to discuss further.