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Supreme Court overturns Steigrad decision on directors' defence costs

  • Bell Gully
  • -
  • New Zealand, United Kingdom
  • -
  • February 17 2014

The Supreme Court released its decision at the end of last year in the Steigrad litigation, ruling that third party claimants do have a statutory

Director's insurance - Supreme Court decides against company directors

  • Simpson Grierson
  • -
  • New Zealand, United Kingdom
  • -
  • January 21 2014

Directors routinely ensure that they have D&O insurance to protect them and pay for their defence costs if they are personally sued. However, the

Supreme Court overturns Steigrad decision on directors' defence costs

  • Bell Gully
  • -
  • New Zealand, United Kingdom
  • -
  • December 23 2013

Christmas came early for investors in failed finance company Bridgecorp, in the form of a Supreme Court ruling that Bridgecorp's claim to insurance

D&O insurance considered in Australia

  • Buddle Findlay
  • -
  • Australia, New Zealand
  • -
  • August 16 2013

In our March 2013 banking and Commercial Law legal update we summarised the Court of Appeal's decision in Steigrad v BFSL 2007 Limited 2012 NZCA

Government proposes new exceptions for insurers under unfair contract legislation

  • Bell Gully
  • -
  • New Zealand
  • -
  • July 24 2013

Many insurers will be aware that the Consumer Law Reform Bill introduces a new regime for unfair contract terms. The Bill allows the Commerce

Business law reform legal update

  • Buddle Findlay
  • -
  • New Zealand
  • -
  • March 27 2013

In this update we summarise the outcome of a number of law reform projects from June 2012 to March 2013

The Court of Appeal on D&O policies: the "Steigrad decision"

  • Chapman Tripp
  • -
  • New Zealand
  • -
  • February 14 2013

In the hectic run up to Christmas last year, we sent you a brief advisory note on the reversal by the Court of Appeal of the High Court's

Bridgecorp decision overturned

  • Gilbert + Tobin
  • -
  • New Zealand
  • -
  • January 17 2013

In a judgment that will be welcomed by both insurers and insureds, the New Zealand Court of Appeal has confirmed that, contrary to the first instance

Bridgecorp appeal: the latest on defence costs under a D&O policy and the application of a statutory charge

  • Clayton Utz
  • -
  • Australia, New Zealand
  • -
  • January 14 2013

Should companies purchase a defence costs only policy, separate to their D&O policy, to cover their directors and officers? This has been a live

Good news for directors and officers - successful appeal against Bridgecorp decision

  • Cooper Grace Ward
  • -
  • New Zealand
  • -
  • January 8 2013

An earlier judgment that suggested that directors may be unable to rely on Directors' and Officers' (D&O) liability insurance to fund defence costs has