Boundaries caused by PI cover causes concern for partners
In his seminar, Barney Micklem, partner at Reynolds Porter Chamberlain, asked why professional inde...
In his seminar, Barney Micklem, partner at Reynolds PorterChamberlain, asked why professional indemnity policies cover innocent
partners against their vicarious liability for fraud.
Mr Micklem discussed the case Dubai Aluminium Company v Salaam & Ors,
which was recently heard by the House of Lords. In this case a group had
conspired to embezzle money from Dubai Aluminium, with the ill-gotten
gains transferred to various companies owned by Mr Salaam. A solicitor, Mr
Amhurst, acted for Mr Salaam and
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