Subrogation benefit of policy

In Bank of New York Mellon (International) Ltd and Others v Cine-UK Ltd and Others [2021] EWHC 1013 (QB) Master Dagnall had to determine whether landlords were entitled to summary judgment on a claim against tenant for rent following the closure of the leased premises during the Covid-19 pandemic. Much of the argument turned upon whether the lease had required the landlords to insure against loss of rent caused by non-physical perils.

Bank of New York : the facts