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Exclusion for trading and personal debts in attorneys PI policy

Exclusion for trading and personal debts in attorneys PI policy

08 June 2016

The English Court of Appeal decided that the exception in an attorney’s professional indemnity policy against cover for trading or personal debts or breach of contract for goods or services supplied to the practice does not exclude the insurer’s liability for money owing to a legal expenses insurer for breaching their policy conditions.

Proximate cause – hacked computer of negligent employee

Proximate cause – hacked computer of negligent employee

07 June 2016

A US bank employee left her individual token in her computer and left the computer running at the end of a work day. Overnight two unauthorised wire transfers had been made to different banks in Poland and one of $485 000 could not be recovered.

Acceleration clauses and prescription

Acceleration clauses and prescription

06 June 2016

If a loan is repayable in instalments and includes an acceleration clause that if the debtor defaults on paying any instalment, the creditor is entitled on notice to terminate the loan agreement and claim the full balance outstanding, the debt ordinarily only prescribes three years after the date of the notice claiming the full outstanding balance.

Consequences of the relationships of unmarried couples in SA

Consequences of the relationships of unmarried couples in SA

03 June 2016

Eric Juan Spiridion Duplan v Rasmus Elardus Erasmus Loubser NO and Others (24589/2015) [2015] ZAGPPHC 849 (23 November 2015).

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

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Insurer’s failure to pay claims in time or fully may be a ‘wrongful act’

Insurer’s failure to pay claims in time or fully may be a ‘wrongful act’

02 June 2016

Difficulty in interpreting a policy does not mean it is ambiguous

Difficulty in interpreting a policy does not mean it is ambiguous

01 June 2016

Shedding light on restraints of trade in sale of business agreements

Shedding light on restraints of trade in sale of business agreements

31 May 2016

Confusion over reinstatement value conditions

Confusion over reinstatement value conditions

31 May 2016

Bank held liable for the fraudulent conduct of a former director of its customer

Bank held liable for the fraudulent conduct of a former director of its customer

24 May 2016

Suicide not covered despite brain disease

Suicide not covered despite brain disease

19 May 2016

D&O policy voided for non-disclosure

D&O policy voided for non-disclosure

17 May 2016

Strict process for companies wishing to recover stolen money from employee pension fund pay outs, cautions GTC

Strict process for companies wishing to recover stolen money from employee pension fund pay outs, cautions GTC

16 May 2016

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FAnews April 2026

THE LATEST EDITION FANEWS MAGAZINE

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