Ground-breaking judgment in South Africa: Directors owe duties to the company, not to shareholders
Our financial institutions and D&O team advises on local and worldwide claims
Our global financial institutions and directors & officers team advises the London market, US and other international insurers and reinsurers on all aspects of FI and D&O work. We have built a reputation for successfully defending claims and handling the most complex coverage issues. Our team acts on claims of all sizes and types and advises on some of the largest losses in the insurance market.
We advise on D&O claims against institutional and retail banks, building societies, pension funds, split capital investment trusts, investment advisers, asset managers and hedge funds.
We frequently handle complex defence claims involving directors’ disqualification proceedings, wrongful trading actions and other claims arising out of insolvency, defence of civil penalty claims and criminal enforcement action arising from alleged corporate and financial misconduct.
Our team handles complex coverage litigation, arbitration and mediation, monitoring claims for insurers globally, providing strategic input and controlling leakage on large programmes, as well as advising steering committees.
We offer expertise coupled with local, on the ground knowledge. We act on claims of all sizes and types in all jurisdictions, and are experienced in handling complex coverage and defence litigation, arbitration and mediation. We have been involved in advising on many of the key issues in the FI and D&O market. These include cyber liabilities, increasing global regulatory activity and related policy triggers, the impact of soft wordings, exposures resulting from benchmark rigging allegations, disgorgement, claims under fidelity policies related to unauthorised trading, IPO allocations and ratings agency claims.
We regularly draft FI and D&O policies, and provide practical advice on risk management and corporate governance issues. We keep up to date with international regulatory trends and emerging risks for directors and officers, such as with climate change obligations.