Article
Insurers Cannot Withhold Defence Costs From Petrofac Defendants Under D&O Policy
In a landmark High Court ruling, two former Petrofac directors facing bribery charges have secured the right to continue receiving defence cost coverage from their insurers under a Directors and Officers policy. The decision addresses fundamental questions about when insurers can avoid policies based on alleged fraud and establishes important precedents for executive protection during criminal proceedings.
Macfarlanes LLP