A recent judgment from a court of appeal in Spain shows that the outcome of coverage disputes over COVID-19 business interruption losses in civil law jurisdictions may be different from what would be expected in a common law country.
The decision raises some important issues for international insurers and reinsurers to consider, particularly those based in the U.S. or other common law jurisdictions, who may not be familiar with the civil law principles applied by the court.
José Umbert, of the London office of Zelle, and Miguel Torres, of Martínez-Echevarría & Rivera Abogados, wrote an article regarding this judgment and its potential implications. Click here to read COVID-19 Insurance Issues To Watch In Civil Law Countries.
Posted by José Umbert
