Kione Johnson King & Wood Mallesons
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Australia - July 10 2013
The NSW Supreme Court has found that an insured's failure to seek the insurer's prior written consent to incur costs in connection with legal…
Raising the bar – the English Court of Appeal expands the scope of liability for the provision of financial product advice *
United Kingdom - December 20 2012
The English Court of Appeal’s unanimous decision in Rubenstein v HSBC Bank plc  EWCA Civ 1184 (Rubenstein) suggests that financial advisers will be held to an increasingly high standard in relation to the provision of financial advice, particularly where there is a failure to take account of the investor’s personal objectives, financial situation and needs.
There is sauce for the gander: Pathway Investments does not establish principles of universal application *
Australia - December 19 2012
Further to our previous review of the Victorian Court of Appeal's decision in National Australia Bank Limited v Pathway Investments Pty Ltd  VSCA…
Australia - November 29 2012
On 28 November 2012, Treasury released an exposure draft of the Insurance Contracts Amendment Bill 2013 (Cth) (2013 Bill) for public consultation.
Co-authors: Philip Ward.
Stitching it up? Risks of a failure to bind all beneficiaries of an insurance policy to a settlement agreement *
Australia - November 2 2012
In CHU Underwriting Agencies Pty Ltd v Wise  WASCA 123, the Western Australian Court of Appeal has provided some useful reminders to insurers of the need to ensure that any settlement agreement binds all parties to whom the insurance cover extends – that is, including by application of section 48 of the Insurance Contracts Act 1984 (Cth).