Most Read Contributor in Hong Kong, September 2016
Originally published 30 August 2011
Keywords: Court of Final Appeal, business
interruption coverage, new world harbourview hotel, insurance
New World Harbourview Hotel Company Limited & Ors v. Ace
Insurance Limited & Ors (FAMV6/2011) - Leave to appeal to
Court of Final Appeal granted on interpretation of insurance
Following the Court of Appeal decision to uphold the the
interpretation of terms concerning business interruption losses
under two Composite Mercantile Policies adopted by Reyes J. (which
we reported on - see
leave has been granted by the Court of Final Appeal on 26 August
2011 to hear this case, in particular, on the following point of
"Whether, in common form and widely issued policies of
the type in question, the provision of insurance cover in respect
of loss sustained 'as a result of notifiable human infectious
or contagious disease' is limited to cover losses resulting
from infectious diseases which are by statute compulsorily
notifiable or whether such cover extends to losses caused by
diseases subject to administrative reporting requirements although
not backed by statutory sanctions."
We will be keeping close tabs on the developments of this case.
Watch this space!
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