D&O Insurance - A director's defence costs - Steigrad v Bridgecorp

The High Court decision on 15 September 2011 in Steigrad v Bridgecorp addressed D&O insurance covers responsibility for defence costs. As a result directors should now be assessing their D&O insurance to ensure there is adequate defence cost cover in the event of a claim and, if necessary, negotiate amendments to policies.

Andrew Horne, LLM, LLB [Hons], BA, Partner, Minter Ellison Rudd Watts will be presenting lectures in Wellington on 24 November 2011 ... READ MORE and Auckland on 1 December 2011 ... READ MORE and members with an interest in directors duties and responsibilities in both  director or advisory roles are encouraged to attend.  In addition, we suggest corporate executives and professionals invite their colleagues who have exposure to join them at the lectures.

It is of interest that there is almost identical law in New South Wales and the decision will be of concern to directors in Australia.

Andrew will be addressing the impact of Steigrad v Bridgecorp in the lectures and we have pleasure providing a full copy of the New Zealand High Court Decision ... READ MORE as preparation for the lectures and future reference.