Category Archive: D&O

The world catches up to securities class actions

Many (especially European) jurisdictions eschew the term ‘class actions’, preferring the more genteel descriptors ‘collective investor action’ or ‘collective redress’. Despite the different terminology, the statistics show that the globalisation of securities class actions is taking hold and the trend is set to increase. This trend will have wide ranging implications on the future of …

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Climate change risk heats up for directors

Today marks the formal adoption of the Paris Agreement on climate change in many countries across the globe. When ratified in Australia, the Agreement will give legal effect to the development of an economy dedicated to low carbon emissions. The Agreement ushers in a new age for corporate Australia, in which company directors will be …

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Insurance Review May 2016

Welcome to Insurance Review May 2016, DLA Piper’s publication dedicated to the insurance industry. In this edition we report on developments across the insurance industry, including the impact of the AEC and other regulatory developments. We also report on the latest cases in many classes of business, including D&O, cyber, privacy, fintech, construction, medical indemnity, …

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Out of Bounds on the Full for Hird? An important case on defence costs coverage in regulatory actions

James Hird was on the losing end of a Supreme Court of Victoria proceeding against Chubb Insurance Company of Australia Ltd this week, where he sought indemnification of legal costs (of around $692,000) under a D&O liability policy. The costs in question were in connection with Hird’s unsuccessful 2014 Federal Court challenge (at both trial …

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DLA Piper In a flash: A lesson in cyber security event

Please join us for the Australian premier of a new DLA Piper film, In a flash: A lesson in cyber security on Tuesday 13 October 2015 in Sydney. This film examines cyber governance, cyber-risk management, incident response, regulatory issues and managing internal investigations. BaySan Global, a fictional company, is on the verge of landing a …

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After the event insurance – Security for costs form clarified

A couple of months ago we reported on applications pending in the Supreme Court of Victoria about After The Event (ATE) insurance. That update, available here, noted that the procedural operation regarding security for costs to be provided by an overseas ATE insurer were being ventilated in the Supreme Court of Victoria. We noted that …

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Grant-Taylor v Babcock & Brown – causation and proof of loss in shareholder actions

The Federal Court has weighed into the debate about causation and proof of loss in shareholder actions in its decision of Grant-Taylor v Babcock & Brown Limited (in liquidation) [2015] FCA 149 (4 March 2015). Significantly, Justice Perram has entertained the possibility that shareholders or investors may be able to claim losses in circumstances where …

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DLA Piper’s Insurance Review Febuary 2015

Welcome to DLA Piper’s Insurance Review February 2015 – an annual publication dedicated to the insurance industry. Please click here if you wish to view or download the publication. We hope you enjoy reading the 2015 issue and we welcome your feedback on our publication. Please feel free to send us your comments or suggestions.

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DLA Piper’s Inaugural Insurance Symposium

The Sydney office hosted the DLA Piper Inaugural Insurance Symposium on Wednesday 25 February 2015 with over 100 attendees. The symposium focused on developments, issues and trends in the international insurance and financial markets and how they will impact on the Australian insurance sector in 2015 and beyond. Kevin M. LaCroix, Executive Vice President at …

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Inaugural Australian Insurance Symposium – 25 February 2015

We are delighted to invite you to the DLA Piper Inaugural Insurance Symposium (Australia) taking place on Wednesday 25 February 2015 from 2.30pm – 5.30pm followed by drinks and canapés. The symposium will take place in our Sydney office (Level 22, No.1 Martin Place, Sydney) and will focus on developments, issues and trends in the …

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