New Zealand Forest Products Ltd v New Zealand Insurance Co Ltd - [1996] 2 NZLR 20

Insurance — Liability of insurer — Company reimbursement policy for liability of designated directors and officers — Directors and officers policy indemnifying designated directors and officers — Appellant company sued in California — Alleged breach of contract by it and American companies — Alleged tortious action by appellant's officer — Whether appellant's liability to California plaintiffs direct or derivative — Whether costs of defence and settlement payment should be allocated as between appellant and co-defendant companies on the one hand and appellant's officer on the other — Consideration of general principles appliable to such policies.