Sayers Property Holdings Pty Ltd v AIG Australia Ltd

• 1. Insurance
  2. › Contract of insurance
  3. › Corporate liability policy
  4. › Definition of 'Claim'
  5. › Whether 'claim' seeking 'compensation or other legal remedy' extends to non-monetary claims
  6. › Whether claims to set aside transactions fall within policy definition
• 1. Insurance
  2. › Contract of insurance
  3. › Corporate liability policy
  4. › Definition of 'Loss'
  5. › Whether 'loss' requires establishment of underlying liability independent of settlement
  6. › Express reference to 'settlements' in definition of 'Loss'
  7. › Whether liability resulting from settlement is insurable
• 1. Insurance
  2. › Contract of insurance
  3. › Corporate liability policy
  4. › Causation
  5. › Whether settlement amount 'resulted from' counterclaim
  6. › Global or multi-faceted settlement
  7. › Common sense evaluation of causal chain
• 1. Insurance
  2. › Settlement
  3. › Reasonableness of settlement
  4. › Whether settlement of counterclaim was reasonable
  5. › Assessment based on prospects of success at date of settlement
  6. › Significance of counsel's advice on prospects
  7. › Whether settlement amount within range of potential liability

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