indemnity

Invalidly appointed receiver back for another crack

Domenic Calabretta. Image: Mackay Goodwin.Despite a setback earlier this week, Mackay Goodwin principal Dominic Calabretta is reportedly heading back to court today to continue the pursuit of a costs order won by a former client of his appointor, lawyer Farshad Amirbeaggi of Yates Beaggi Lawyers (YBL).“Counsel were unable to locate, and I have also been unable to find, any case in which the appointment of a receiver had…

Read More

WTW shuts Open Cover insolvent insurance facility

Jill Stewart, Professional & Financial Lines leader – Willis Towers WatsonAfter more than 30 years Willis Towers Watson (WTW) has seemingly concluded that it can no longer make a buck offering insurance to businesses that have been placed in external administration.Earlier this month the global insurance behemoth acted on that conclusion by shutting Open Cover, its popular automatic insurance facility for entities placed into external…