The fall out from FBD’s decision not to pay business interruption cover as a result of the Covid-19 lockdown continues, with one of the country’s leading pub groups issuing a High Court action against the insurer.
The Loyola Group, which runs a chain of high-profile pubs throughout Dublin, initiated proceedings yesterday, and intends to have the case admitted to the Commercial Court in the coming days.
The company has retained the blue-chip commercial law firm McCann Fitzgerald to manage the litigation. It is arguing that it had cover for infectious diseases, and that this should be honoured.
Owned by Stephen Cooney and Brian...