Insurer Settles Supplier's Suit Over Unpaid Chicken Feed Bills

Law360, London (June 7, 2021, 7:34 PM BST) -- A French trade credit insurer has settled a claim brought against it by a leading U.K. chicken feed supplier seeking to recover £2.6 million ($3.6 million) in unpaid bills after one of its biggest customers went bust.

Supplier 2 Agriculture Ltd.'s claim against Compagnie Francaise D'Assurance Pour Le Commerce Exterieur SA, or Coface, has been stayed after the sides reached an out-of-court settlement, according to a Tomlin order filed at the High Court in London on May 28.

Judge Neil Calver signed off the order and said the proceedings will be halted unless either side needs the court's help in enforcing...

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