One door closes, another one opens? Leave to proceed against insurers despite failed application to proceed against insolvent insured

Summary

The Federal Court of Australia has granted leave to shareholders of a company in liquidation to proceed against the company's insurers under the Civil Liability (Third Party Claims Against Insurers) Act 2017 (NSW), after an earlier application for leave to proceed against the company was refused.

Filed under:
Australia, Insolvency & Restructuring, Insurance, Litigation, Lander & Rogers, National Australia Bank, Federal Court of Australia
Authors:
Pierce Hartigan , Jonathan Hunt , Colleen Palmkvist
Location:
Australia
Firm:
Lander & Rogers