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Coverage of legal expenses under a D&O policy the importance of unambiguous wording
  • DAC Beachcroft LLP
  • Australia
  • October 6 2015

In the recent case of Ransley v Chubb Insurance Company of Australia Ltd, the New South Wales Supreme Court applied general contractual principles of

Proportionate liability - managing disputes and risk in the wake of Selig
  • Clayton Utz
  • Australia
  • September 17 2015

In May, the High Court's decision in Selig v Wealthsure 2015 HCA 18 clarified the reach of the proportionate liability regime.In this follow-up we

Financial services providers beware: ASIC’s regulatory priorities over the next four years
  • Corrs Chambers Westgarth
  • Australia
  • September 1 2015

Investment banks, issuers, brokers, lenders, financial market participants, responsible entities, company directors, auditors and insolvency

In for a penny, in for a pound
  • William Roberts Lawyers
  • Australia
  • August 7 2015

These regimes allow the liability for one person’s loss to be apportioned between each wrongdoer that is reflective of their responsibility for the

Proportionate liability under Commonwealth legislation: certainty at last
  • Sparke Helmore Lawyers
  • Australia
  • August 3 2015

Following the uncertainty created by the Full Federal Court, which delivered two conflicting judgments on the scope of proportionate liability

Selig v Wealthsure Pty Ltd - High Court clarifies the scope of the proportionate liability regime in the Corporations Act
  • Norton Rose Fulbright LLP
  • Australia
  • July 23 2015

On 13 May 2015, the High Court handed down a landmark decision unanimously overturning the May 2014 decision by the Full Court of the Federal Court

Sharing the risk: proportionate liability clarified by the High Court
  • McCullough Robertson
  • Australia
  • July 14 2015

The High Court recently handed down their much anticipated decision in Selig v Wealthsure, providing some well needed clarification on the

Selig v Wealthsure: limiting the reach of proportionate liability under the Corporations Act
  • Johnson Winter & Slattery
  • Australia
  • June 30 2015

In each of the Corporations Act 2001 (Cth) (Corporations Act) and the Australian Securities and Investments Commission Act 2001 (Cth) (ASIC Act

Surprise FOFA amendments a new financial year present
  • Corrs Chambers Westgarth
  • Australia
  • June 30 2015

New FOFA regulations registered yesterday will come into effect on 1 July 2015. As we have previously reported, not all of these changes will be new

Directors should carefully consider the terms of exclusion clauses in their D&O policies: Oz Minerals Holdings Pty Ltd & Ors v AIG Australia Ltd 2015 VSC 185
  • Gilbert + Tobin
  • Australia
  • June 26 2015

In this case, a major shareholder and board position exclusion in a D&O policy was found to have been enlivened where the relevant shareholder was a