In this month’s edition of PHlit, our London litigation know-how blog, we consider (amongst other topics): (i) a Court of Appeal decision in which litigation privilege was found to apply to text messages in respect of some, but not all, of the defendants: (ii) the interesting procedural aspects arising from the FCA’s first use of the Financial Market Test Case Scheme in the COVID-19 business interruption insurance decision; (iii) the approach taken by the courts to the construction of sector or industry jargon when used in commercial agreements; and (iv) the circumstances in which the courts may imply a sanction for a breach of the civil procedure rules (CPR) even where a sanction is not expressly set out in the rules themselves.