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London court fast-tracks FCA insurance test case appeal to Supreme Court

LONDON, Oct 2 (Reuters) - London’s High Court on Friday approved a fast-track appeal of an unprecedented test case against some of the world’s biggest insurers, brought by Britain’s markets regulator, allowing it to leapfrog straight into the Supreme Court.

The decision was expected, but nevertheless spells further delays for thousands of struggling businesses battered by the coronavirus pandemic, who had hoped a judgment delivered two weeks ago would lead to prompt payment of disputed claims.

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