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Hakea Holdings Pty Ltd v Neon Underwriting Limited for and on behalf of the Underwriting Members of Lloyds Syndicate 2468 [2023] FCAFC 34 The Full Court of the Federal Court has found that a commercial opportunity will fall within the meaning of ‘personal profit or advantage’ in an unfair advantage exclusion contained in a directors and officers liability insurance policy (D&O policy).
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