Liability

December 1999 lead to an historic trial against Total. This trial, which lasted 8 years, can be considered as “legally innovative”. For the first time in the world a charterer has been held accountable for an extensive maritime pollution. Thus, the liability chain related to the maritime pollution has been reconsidered. Besides, and above all, the sentence recognised for the first time the existence of an ecological damage resulting from environmental harm and leading to heavy legal compensation. Environmental

are both public and private. That’s why, and despite their influence, they can’t be subject to federal rules as all other agencies. In this case, CROs will be neither subject to public law constraints, nor especially well regulated by private law liability. Finally, the best way to consider CROs is as standard setters. As said before, 2006 constituted a turning point in the regulation of the CROs. For the first time, a law is only dedicated to CROs. Its name is the Credit Rating Agency Reform

Le modèle anglais des Covered Bonds Il n’existe pas de loi spécifique mais le mode de fonctionnement est le suivant : La banque émettrice transfère ses droits sur les cash flows générés par le pool de prêts à un LLP (« Limited Liability Partnership »), c’est un moyen d’isoler les actifs de l’éventuelle insolvabilité de la banque émettrice. Les contrats prévoient la garantie de la Banque émettrice ou de sa maison mère et la notation des Benchmark est AAA. Ces obligations

pretrial purposes. The remaining cases are pending in state courts in California, Illinois, Texas and Virginia. The complaints include claims for violation of state consumer fraud acts, unfair competition or deceptive trade practices acts, strict liability, failure to warn, negligence, breach of express and implied warranties, fraud and fraudulent concealment, negligent misrepresentation and concealment, unjust enrichment, and false advertising. They seek to recover unspecified compensatory and punitive

provide for the application of minimum capital requirements to ensure the continuity and the regularity of the management services provided by the AIFM. The ongoing capital requirements should cover the potential exposure of AIFM to professional liability in respect of all their activities, including management services provided under delegation or on the basis of a mandate. It is necessary to ensure that AIFM operate subject to robust governance controls. AIFM should be managed and organised so as

titres financiers déjà créés (sur le marché primaire). En assurant la liquidité des investissements financiers, le marché secondaire assure la qualité du marché primaire et l’évaluation des titres financiers. VERNIMMEN. www.vernimmen.net 51 Asset Liability Management III.4. Risque de marché 22/10/2013 NON CLASSÉ Selon Michel DABADIE, « le risque de marché est celui du propriétaire d’un actif (immeuble ou une action), lequel, il risque de voir la valeur de marché de cet actif diminuer. » Le risque

(usefulness) Seller liable for manufacturing quality (defects) Payment if and when the performance is delivered (no fun, no money) Payment for and at transfer of property rights (POS transaction) No transfer of rights & liability to user Right & liability transferred to buyer User Advantages • Flexibility in utilisation • Cost guarantee per unit • Zero risk • Status value as performance User Advantages • Rights to increase in value • Status symbol as product User Disadvantages

this purpose any lie directly related to the particular claim to which "the fraudulent device relates, which is intended to improve the assured's prospects of obtaining a settlement or winning the case". The insurer is therefore discharged from liability in respect of such a claim but not the entire insurance contract ab initio . The common law rules governing the making of a fraudulent claim including the use of fraudulent device fall outside the scope of s.17 of the 1906 Act. The Court of Appeal

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equipment -- in exchange for payment/A bailment, where a compensation is to be given for the use of a thing, or for labor or services about it. Resolution : The official expression of the opinion or will of a legislative body. Responsibility/liability : The obligation to answer for an act done, and to repair any injury it may have caused./ legal responsibility for one's acts or omissions. Revenue stamp : A stamp affixed to an item as proof that a government tax has been paid. To revoke :