Slaughter and May is advising the Department for Business, Energy & Industrial Strategy on the £10 billion Trade Credit Reinsurance Scheme put in place by U.K. Government in response to the coronavirus pandemic.
The Trade Credit Reinsurance Scheme seeks to ensure that trade credit insurance coverage and credit limits are maintained during the coronavirus pandemic, helping businesses to trade with confidence.
The scheme is open to eligible insurers operating in the UK market and nine insurers are joining the scheme from opening.
The Slaughter and May team is being led by partners Craig Cleaver and Robert Chaplin. Isabel Taylor led on obtaining state aid approval from the European Commission for the Scheme, and Ben Kingsley led on regulatory aspects.