Introduction

The recent Auckland High Court decision of Steigrad v BFSL 2007 Limited & others on 15 September 2011, (the Bridgecorp case) may have implications in certain Australian jurisdictions in relation to the insurer’s ability to pay for the defence of directors and officers in certain
situations. It appears to also have wider implications for liability policies.

In New Zealand, the High Court is the equivalent of a Supreme Court in Australian jurisdictions, while New Zealand’s equivalent of the High Court of Australia is called the Supreme Court.

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