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Insurance coverage for bullying

08 January 2015 | General

An insurer was required by a Canadian court to provide an indemnity under a comprehensive homeowner’s property and liability insurance policy to the parents of a child who bullied another pupil.

Big win for banks against sureties in context of business rescue

04 December 2014 | General

On 1 December 2014 the Supreme Court of Appeal (SCA) delivered what should be the final word (unless a constitutional court challenge is launched) on how courts will treat sureties who had stood and provided security for the debts of a company (principal debtor) that subsequently went into business rescue and had a business rescue plan adopted. Grant Ford, Director and Regional Practice Head of the Dispute Resolution practice at Cliffe Dekker Hofmeyr notes that up until this point, the question had been whether such suretyships remain unaffected and enforceable. The 1 December judgment, New Port Finance Company (Pty) Ltd and others v Mostert and others, is now set to have far-reaching consequences in the banking and finance arena and should provide a great deal of comfort to lenders.

Household insurance – Break-in by physical damage required

27 November 2014 | General

A policy that indemnifies household contents insured for a break-in or theft that requires the observer to “see physical damage” will compensate the insured only if physical damage can be seen by the insurer after the event.

Cyber-risk loss: what should board members do?

21 November 2014 | General

Cyber-risk has become the most significant concern for today’s boards. How does a company protect itself and how does a board deal with it?

quick poll

Question

What do you believe will be the biggest challenge when the COFI framework is finally implemented?

Answer

The cost and complexity of relicensing Demonstrating customer outcomes through data and reporting Embedding a customer-first culture across the business Aligning existing compliance frameworks with COFI requirements

View the Results