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D&O: expansion of personal liability of directors

  • Norton Rose LLP
  • -
  • Australia
  • -
  • March 13 2012

Australian law recognises that a company is a separate legal entity from its directors, officers and shareholders, and that directors are not generally liable for the debts of companies

Confirmed - contract works insurance policy is not a construction contract

  • Norton Rose LLP
  • -
  • Australia
  • -
  • August 31 2009

In the December 2008 edition of the Deacons Insurance Update, we reported on the attempt by a design and construct contractor to use the Building Industry Security of Payment Act 1999 (Act) to obtain a progress payment under a Construction Risks Insurance Policy (Policy

Professional indemnity: construction - limitation period and recovery

  • Norton Rose LLP
  • -
  • Australia
  • -
  • March 13 2012

In Vero Insurance Ltd v Kassem 2011 NSWCA 381, the NSW Court of Appeal recently held that where a breach of statutory warranty is established under the Home Building Act 1989 (NSW), the limitation period does not necessarily commence on the date of practical completion, but may commence on the earlier date of completion of the specific works or part of the works to which the dispute relates