Chen Foley

Chen Foley

Sedgwick LLP

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Hong King: Companies Ordinance 2014 and Directors' Duties

A new Companies Ordinance (CO) came into effect in Hong Kong on 3 March 2014, which introduced a number of changes to the law on directors’ duties. ...more

4/15/2014 - Companies Ordinance D&O Insurance Directors Duty of Care Hong Kong Indemnification Liability Negligence

Reinsurance Sidecars — Don’t Ride Without A Helmet

Reinsurance sidecars have become an established medium through which third-party capital is now accessing the reinsurance market, with more and more capacity being announced on an almost monthly basis. These special purpose...more

1/24/2014 - Indemnification Natural Disasters Reinsurance Severe Weather

English Court of Appeal Decision on Multiple Causes and Mitigation of Loss

In Ace European Group & Ors v Standard Life Assurance Limited, [2012] EWCA Civ 1713, the English Court of Appeal reaffirmed the principle that where a loss has multiple causes, the insured’s entitlement to an indemnity in...more

1/9/2013 - Apportionment Indemnification Loss Mitigation Professional Liability Short-Term Investments

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