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Movitor confirmed. Insurance litigation funding arrangements reconsidered
Record ID:
19281
Format:
LIJ Article
Year:
1997
Author:
Walker, John ; Bowman, Clive ;
Subject:
Liquidators ; Insurance ; Champerty ;
Source:
LIJ (1997) 71 No 8
Date_of_entry:
01/10/1997
Legislation:
Insolvency Act s 214
Notes:
Entering into an invalid funding agreement can be costly to the liquidator - Agreements between insurers and liquidators regarding funding of litigation may be valid, depending on the terms for disposal of the proceeds and providing that the insurer does not have control over the action. ; Maintenance - champerty - general commercial interest exception - statutory power of sale exception
Section:
Articles
Cases:
Re Tosich Construction Pty Ltd (1997) 23 ACSR 126 ;
Month:
August

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