Episode 6: D&O defence costs: the Court of Appeal decision in Liberty Managing Agency v Chedid
In this episode of Insurance Bites, Hamish Hunter and Kate Mann, Senior Associates in the Insurance & Professional Risks team, report on the appeal in Liberty Managing Agency Limited v Chedid which considered whether allegations of fraud against directors or officers permit a D&O insurer to withdraw cover, or whether the insurer must wait for independent determination. This is a critical question for an insured policyholder as it may determine whether they have the resources to mount a proper defence to the allegations.
Our article on the first instance decision can be seen here on our Insurance Notes blog: Established, not alleged: Commercial Court confirms D&O policyholders' right to defence costs
Key contacts
Hamish Hunter
Senior Associate (Employed Barrister), London
Kate Mann
Senior Associate (Australia), London
Disclaimer
The articles published on this website, current at the dates of publication set out above, are for reference purposes only. They do not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action.