How does the Mainzeal decision affect D&O liability?

An Insurance Business Magazine article.

A Court of Appeal decision which found that the directors of Mainzeal had breached director duties may have significant implications for the future of director and officer liability disputes, according to lawyers, who say that it may also change the way large companies appoint their directors.

The decision announced earlier this year found the failed construction company’s directors liable for damages for the company’s collapse, and insurance lawyers say this could have implications for ongoing cases involving failed firms, such as that of CBL Insurance.

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