Red-zoned earthquake claimants entitled to more
Red-zoned earthquake claimants entitled to more
15 September 2015 | By  Richard Rodden
Canterbury’s red-zoned homeowners have recently received a boost following a decision of the Supreme Court. Read More →
Red-zoned earthquake claimants entitled to more
Red-zoned earthquake claimants entitled to more
15 September 2015 | By  Richard Rodden
Canterbury’s red-zoned homeowners have recently received a boost following a decision of the Supreme Court.
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Directors’ defence  insurance cut down by Supreme Court
Directors’ defence insurance cut down by Supreme Court
13 February 2014 | By  Karl Stolberger  | Stephanie Nicolson
A recent Supreme Court ruling significantly impacts on the operation of Directors’ and Officers’ (D&O) insurance policies, and indeed any other insurances, which have a combined single limit of liability for compensation and defence costs...
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Directors, D&O Cover and Defence Costs – The Supreme Court’s Final Word
Directors, D&O Cover and Defence Costs – The Supreme Court’s Final Word
30 January 2014 | By  Karl Stolberger  | Stephanie Nicolson
In June last year we commented on on-going litigation between the Receivers of various Bridgecorp companies and their directors in relation to a $20 million D&O insurance policy. At issue was the Receivers’ ability to assert a charge over the proceeds of the policy in favour of Bridgecorp’s investor creditors...
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Supplier’s Guarantee ‘As to Delivery’ of Consumer Goods
Supplier’s Guarantee ‘As to Delivery’ of Consumer Goods
06 September 2013 | By  Barbara Versfelt
The Consumer Law Reform Bill (Bill) proposes to amend the Consumer Guarantees Act 1993 (CGA) by introducing an additional supplier’s guarantee ‘as to delivery’ in Part I of the CGA...
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Insurance – Funding of Fire Services
Insurance – Funding of Fire Services
24 June 2013 | By  Karl Stolberger  | Barbara Versfelt
The Government is undertaking a review of the Fire Service. Over time the functions performed by the fire services have changed and now cover a wider range of services, including non-fire emergency services. The funding arrangements in the applicable legislation no longer align with the services undertaken...
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Section 9 Law Reform Act 1936 – Charges over Insurance Money
Section 9 Law Reform Act 1936 – Charges over Insurance Money
24 June 2013 | By  Karl Stolberger
Where a liability arises under an insurance policy the Law Reform Act 1936 (Act) allows an injured third party to claim directly against another party's insurer. Usually this right is invoked where the insured is insolvent. Section 9 of the Act creates a charge over the relevant insurance monies in favour of the claimant and thus protects those monies from the claims of other creditors of an insolvent insured. An insurer cannot however be made liable beyond the scope of its obligations under the applicable policy...
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