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Time to review director indemnity and insurance coverage

Recent Companies Act changes have clarified the extent of legal protection possible for a company's officers against liability.
Monday, January 11, 2016 - 05:50

IMAGINE the following scenario.

A director is prosecuted for allegedly being in criminal breach of his duties. The case goes through the courts and the director is found innocent. He is landed with a huge legal bill for which he tries to seek an indemnity from the company or the insurers

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