PARIS, May 22 (Reuters) - A Paris commercial court has ruled that French insurer Axa will have to pay a restaurant owner two months’ worth of coronavirus-related revenue losses, the restaurant’s lawyer said on Friday.
Stephane Manigold, who owns four restaurants in Paris, had filed a lawsuit to force Axa to cover his operating losses following a government order to close bars and restaurants from March 14 to slow the spread of the virus. “This is a collective victory,” he told Reuters.
The case potentially opens the door to a wave of litigation over business interruption insurance stemming from COVID-19 shutdowns. (Reporting by Elizabeth Pineau Writing by Maya Nikolaeva and Geert De Clercq; Editing by Kevin Liffey)