Lunch Time Lecture - 13:00, 17th June, 2016
Timothy Hill QC and Alex Thompson
“Business Interruption Insurance: policy terms, key concepts, and broker misselling claims”
The Old Library, Lloyd's, Lime Street, London, EC3M 7HA
Timothy Hill QC and Alex Thompson of 20 Essex Street will be speaking about business interruption insurance.
Timothy Hill QC specializes in international commercial litigation and arbitration, the latter carried out under the rules of all the major arbitral institutions. His disputes tend to be of very high value, complex or of an urgent nature involving swift interim relief. He is well known for his ability to quickly master complex and technical cases. He works across all sectors but with a particular specialty in the shipping, commodities, energy and insurance (marine and non-marine) sectors. Other commercial litigation which he regularly undertakes includes: joint ventures and shareholders' agreements, distribution agreements, commercial agencies, banking and finance with particular expertise of the ISDA Master Agreement, enforcement of guarantees, arbitration (practice & procedure), civil fraud and sanctions.
Alexander Thompson joined 20 Essex Street in September 2015 following the successful completion of his pupillage. He is developing a broad commercial practice in line with Chambers' profile. He is particularly interested in international and domestic insolvencies and restructuring, company law and breach of trust disputes, civil fraud and asset tracing, banking and finance. By way of example, he is presently instructed as junior counsel (with Blair Leahy) in a substantial multi-million pound s. 423 claim in the Chancery Division.
Tim and Alexander will cover:
• The fundamentals and oddities of BI insurance policies.
• Understanding turnover, gross profit, and the risks and consequences of inaccurate cover.
• Brokers' duties and customers' responsibilities when concluding BI policies.