News Coronavirus watch17 Mar 2020

Middle East may see rise in D&O claims

| 17 Mar 2020

Company boards will need to be prudent in managing the COVID-19 pandemic and ensure that they have a well-planned strategy for minimising business disruption, its impact on revenue and disrupted share prices. D&O liability insurers in the Middle East may see an increase in claims where the legislation in countries across the region, including Bahrain and the UAE, allows claims against company boards to be made for general 'mismanagement', said the Middle East insurance team of global law firm Norton Rose Fulbright.

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