Recent Developments In Litigation — Directors’ & Officers’ Liability

Reprinted with permission from the 2008 Canadian Legal Lexpert Directory

PRACTICE AREA DEFINITION

Lawyers practising director and officer law advise corporations, directors, officers and insurers on director and officer liability, indemnity and insurance options, corporate governance obligations and risk management strategies. Previously under the umbrella of general corporate advice, it is now recognized that issues of particular importance to directors and officers require a more focused approach. Practitioners familiar with the statutory, common law and ethical obligations applied to directors and officers are now called upon to provide the sophisticated advice required, whether for significant corporate events such as M&A transactions and insolvencies or for ongoing business operations.