Tag Archives: directors and offices liability

Belgium chooses a different path on personal accountability with a cap on director liability

Man in boardroom

Will Belgium's law that caps directors’ liability be a sign of things to come from other countries? Continue reading →

A serious warning from the New Zealand courts for directors of subsidiaries of foreign-owned parents

gavel on a desk with some legal reference books in the background

In a globalized economy, directors of foreign-owned companies need to consider the impact of foreign law, regulation and practice governing the parent. Continue reading →

Beware of the relentless spread of personal accountability across borders

Man sitting in the window seat of an airplane looking at a laptop

The acronym FSB probably conjures up for you the Federal Security Service of the Russian Federation, but it also stands for the less well known Financial Stability Board. This is a body established to coordinate at an international level, the … Continue reading →

Allocation clauses in D&O polices: What you need to know

A judge in a lawyer sitting in a courtroom hallway looking at laptops

If you were to ask what the expectations of a buyer of D&O (directors and officers) policy were, I suspect most would say that all costs which reasonably related to the insured persons should be covered. Yet that’s not the … Continue reading →

FCA investigations – The new world

aerial view of city at night

Perhaps it’s no surprise that with a title like that, we had no shortage of delegates (200 plus) for an interesting interactive seminar which we ran in our London auditorium on February 1, together with two law firms (Brown Rudnick … Continue reading →

How “Pure Entity” Australian Class Actions have distorted the D&O market

gavel on a desk with some legal reference books in the background

In 2012, the Federal Court of Australia’s decision in ASIC v Healey sent shockwaves through the boardrooms of large Australian companies and beyond. All seven non-executive directors as well as the Chief Executive Officer of Centro Group were found by … Continue reading →

The importance of D&O insurers’ commitment to advance defense costs

close up of gavel on judge's desk

The problem One of the most important provisions in any D&O policy is the commitment by insurers to advance defense costs pending the resolution of the claim. That’s because many large and complex claims, including U.S. securities claims, take many … Continue reading →

Should insurers settle a directors’ obligation to repay defense costs after criminal conviction?

gavel and open book

With the threat and reality of high profile white-collar criminal proceedings being brought against directors of very large companies in the U.K., it’s worth highlighting one extension of cover under directors and officers (D&O) liability policies that may not receive … Continue reading →