OZ MINERALS HOLDINGS PTY LTD AND OTHERS v AIG AUSTRALIA LTD

[2016] Lloyd's Rep. IR Plus 26

SUPREME COURT OF VICTORIA COURT OF APPEAL

Before President Maxwell, Justice of Appeal Kyrou and Associate Justice of Appeal Robson

Insurance (directors’ and officers’ liability) – Exclusion for claims by major shareholders or board representatives – Claimants were major shareholders at the time of the wrongful act but not at the time of the claim – Relevant date of qualification for purposes of the exclusion.