A recent Full Court decision is a win for directors who hold D&O insurance policies, as well as those seeking to bring proceedings against directors of an insolvent company – probably to the dismay of insurers.
Australia, United Kingdom, Insolvency & Restructuring, Insurance, Litigation, Clayton Utz, Financial Conduct Authority (UK)
The Kaboko judgment brings comfort to directors who hold D&O insurance policies, or those seeking to bring proceedings against directors of an insolvent company, provided the claim is not based in whole or in part on the company's insolvency.
Australia, Corporate Finance/M&A, Insolvency & Restructuring, Insurance, Litigation, Clayton Utz, Liability insurance, Corporations Act 2001 (Australia)
In handing over any documents in litigation or Court process, you must assess whether or not the documents have tax relevance.