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Steigrad revisited - the scope of D&O insurance

Buddle Findlay
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New Zealand
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March 13 2013

In our November 2011 Banking and Commercial Law legal update we discussed the impact of the Steigrad v BFSL 2007 Ltd (Auckland High Court, 15

Professional indemnity insurance what are you covered for?

Buddle Findlay
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New Zealand
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August 7 2012

In TimTech Chemicals Limited v QBE Insurance (International) Limited 2012 NZCA 274, TimTech tried to claim from QBE under its professional indemnity insurance for losses it paid to Carter Holt Harvey as a result of failures to correctly treat timber provided to Carter Holt Harvey

All losses are not the same: third party claims must relate to the "same" damage

Buddle Findlay
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New Zealand
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July 27 2012

It is not unusual for a defendant to seek to join a third party to legal proceedings on the basis that that party has also contributed to the plaintiff's loss

Duties of banker to its customer to not extend to collateral interests

Buddle Findlay
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New Zealand
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July 12 2012

The case of JoJaro Investments Limited v ASB Bank Limited involved a senior employee of an insurance company who stole nearly $4 million that the company had set aside to maintain its credit rating