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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

Changed proportions
  • Hall & Wilcox
  • Australia
  • June 23 2015

In a landmark decision which will have far reaching ramifications and be warmly received by plaintiff lawyers, the High Court has curtailed the reach

Focus: timing is everything: major shareholders exclusions in D&O insurance policies
  • Allens
  • Australia
  • May 15 2015

A recent Victorian Supreme Court decision has resolved a disputed construction of a major shareholder exclusion in a D&O policy in the insurer's

Lack of clarity on inquiry cost extensions cover
  • CBP Lawyers
  • Australia
  • March 20 2015

The insurance industry has struggled with the correct application of inquiry cost extensions to a variety of different circumstances. To be sure about

Court cases and arbitration
  • Holman Fenwick Willan LLP
  • Australia, France, United Kingdom
  • January 14 2015

The recent NSW Supreme Court case of Poole v Chubb Insurance Company is illustrative of the difficulties faced by insurers in proving fraudulent

Commercial litigation: 10 significant developments in Australia in 2014
  • Herbert Smith Freehills LLP
  • Australia
  • December 19 2014

As we approach the end of 2014, it is timely to reflect on events during the year. While there were many important developments, here are our