news, events & resources

Insurance Newsletter: July 2008 (Newsletter Article)

In this issue:

The Production of Insurance Policies in Litigation

Recent Cases:

CGU Insurance Limited v AMP Financial Planning Limited

Brescia v QBE

Forbes Shire Council v AG Australia Litd

CGU Insurance Limited v Porthouse

Introduction of Resale Right for Visual Artists (Newsflash)

May’s Federal budget announced an allocation of funding over 3 years for the implementation of a resale right for Australia’s visual artists. This will have implications for not only artists, but also the commercial art community such as art galleries and dealers, auction houses and investors.

Financial Services and Credit Reform Green Paper (Newsflash)

On 2 June 2008 the Treasury released a Green Paper reflecting changes proposed by the Federal Government regarding Financial Services and Credit Reform.

Green Buildings and Green Leases – What is it all about? - Part 1 (Newsletter Article)

There are two major rating systems in place which help to determine the level of ‘environmental friendliness’ of a building, namely the Australian Building Greenhouse Rating Scheme which is a government-run scheme and Green Star which is a scheme run by a non-governmental organisation, Green Building Council of Australia.  Both schemes trademarks are well-recognised and accepted.  The existence of two schemes, however, has caused some confusion among building owners and tenants.

To renew or not to renew? (Newsflash)

The last 9 months has seen global economic turmoil, trendily referred to as the ‘Global Credit Crunch’.  Financial institutions worldwide have written down approximately $400 billion in losses to date and there is a growing fear of a long and deep recession in the United States.