Insurers on the hook: High Court holds that insurers of insolvent companies can be joined to proceedings commenced by third parties against those companies

CGU Insurance Limited v Blakeley & Ors [2016] HCA 2

The High Court of Australia has held unanimously1 that a person who commences proceedings against an insolvent company or a bankrupt individual can join that defendant’s insurer to the proceedings and seek a declaration that the insurer is liable to indemnify the defendant.

Filed under:
Australia, Insolvency & Restructuring, Insurance, Litigation, The Commercial Bar Association of Victoria, Bankruptcy
Authors:
Gabi Crafti
Location:
Australia
Firm:
The Commercial Bar Association of Victoria