Insights and reports

IFT Webinar replay: Insurance as an Asset: Maximising Business Interruption Recoveries arising from the Covid-19 Crisis

Written by Tyler Duffield on September 2, 2020

The replay of the IFT Webinar: Insurance as an Asset: Maximising Business Interruption Recoveries arising from the Covid-19 Crisis Is now available.

The session was hosted by Richard Obank – Brown Rudnick and was followed by an in depth look at business interruption recoveries in the wake of COVID-19 by Ravi Nayer and Tom McDonnell. The profiles of all of our speakers and a full agenda for the session can be seen below.
To access this webinar replay please contact: tduffield@the-ift.com

Webinar Agenda & Speakers

Webinar Agenda

Introduction
What is business interruption insurance?
The key questions in notifying and establishing a valid claim
The duties insurers owe to insured companies
Levers available to resolve a BI claim
An update on the FCA’s intervention in the High Court
How multi-party claims work in the UK and how to get one going
Claims against brokers
Third Parties (Rights Against Insurers) Act 2010
An update on the Corporate Insolvency and Governance Bill

Richard Obank, Partner, Brown Rudnick

Richard is a partner in the Restructuring & Insolvency team at Brown Rudnick. He has over 30 years of experience acting for corporates, private equity investors, funds and financial institutions and regularly advises turnaround professionals, chief restructuring officers and accountants involved in rescue and restructuring work for a broad range of stakeholders. Richard has extensive experience acting for boards of directors in financially distressed situations, often with a cross-border element, and has hands-on experience acting as a board director and charity trustee in overseeing a 3 year operational turnaround.

In 2019, Richard featured in The Lawyer magazine’s Hot 100 list, was awarded the accolade of Partner of the Year at the Yorkshire Legal Awards and was named Corporate Restructuring Lawyer of the Year at the Turnaround, Restructuring and Insolvency Awards.

Ravi Nayer, Partner – Brown Rudnick

Ravi Nayer’s practice focuses on commercial (often group) litigation, acting on behalf of some of the UK’s largest companies in innovative litigation.

He has spent the majority of his career involved in representing insureds, insurers and brokers in respect of professional indemnity defence work, risk mitigation tools, insurance coverage disputes and commercial litigation involving a wide array of actors in the insurance and investment chain and beyond. He is presently representing the British Dental Association and the dentist profession in relation to business interruption claims.

Tom McDonnell, Associate – Brown Rudnick

Tom McDonnell is an Associate in Brown Rudnick’s Litigation group in the London office. Tom’s practice is focused on resolving commercial and regulatory disputes through litigation, arbitration and all forms of alternative dispute resolution. He has broad final hearing experience, having represented institutional clients in the English courts, the Dubai International Financial Centre court and the Qatar International Court as well as in both domestic and international arbitration.