Advice regarding unlitigated matters

A large building company recently entered into voluntary administration, leaving over ten homes incomplete. The insurer had obtained security from the director of the building company in respect of any liability it incurred under the policies issued to the building company for the incomplete homes. The director was therefore keen to minimise the insurer’s exposure to the claim. Through discussions with the director and administrator of the building company and each of the claimants, we were able to negotiate a settlement of the claims on the basis that another building company, run by a family member of the director of the insured building company, would complete the outstanding works under the original building contracts. Our client ultimately incurred very little liability in relation to the claims.


Related Articles

A matter of time

Legal Directions

Introduction The High Court in New Zealand in Body Corporate 74246 & Ors v QBE Insurance (International) Limited and Allianz Australia…

Continue reading

INDEMNIFICATION BY ANOTHER INSURER WHEN INSURED HAS DOUBLE INSURANCE & PAID BY OTHER INSURER

Legal Directions

Background A partnership purchased an aircraft from two subsidiaries of SAAB AB (‘the Appellants’). The partnership leased the aircraft to Lessbrook…

Continue reading

Builder’s duty not owed to subsequent purchasers

Legal Directions

Two recent Supreme Court of NSW judgments have determined that a builder does not owe a common law duty of care…

Continue reading