constituted a major transaction whilst the Guarantee & Indemnity
constituted a connected transaction under the Exchange Listing Rules, which were not disclosed and/or approved by the Companys shareholders at the time.
The most important aspect of contractual liability coverage is whether the party seeking indemnity
(the "indemnitee") has contractually required the other party (the "indemnitor") to "assume the tort liability" of the indemnitee to pay for bodily injury or property damage to a third party; if not, no contractual liability coverage is afforded.
Cohen admitted that he obtained and attempted to obtain money from insurance policyholders and potential insurance policyholders of Indemnity
-DC and Indemnity
based on financial ratings, financial audits and insurance regulatory approvals that he fraudulently obtained.
As a payer, do you know what is actually driving up costs of administering indemnity
payments to injured workers?
clause is a contractual provision in which one party agrees to answer for any specified or unspecified liability or harm that the other party might incur, according to Black's Law Dictionary, Eighth Edition.
The new regulations will help individual indemnity
products that pay a fixed amount of cash to a consumer who has a heart attack, suffers from a stroke, enters the hospital, or experiences some other event.
9 September 2011 - AM Best has assigned a financial strength rating (FSR) of A (excellent) and an issuer credit rating (ICR) of "a+" to US-based Laurier Indemnity
may be implied, if certain criteria, which vary by state, are met.
was withheld after Volvo later discovered some of these cars were sold after the dismissal had occurred and within six months of purchase, in contravention of Volvo's resale rules
The fact that mutual indemnity
agreements have been and remain so popular in the oil industry attests to the beneficial aspects of such agreements.
Can a party obtain indemnity
in a construction case?
The European Court of Justice issued two judgements in March clarifying the definition of independent commercial agents and the right to an indemnity
for termination of a contract under the terms of a 1986 Directive.
Company of Illinois, Vernon Hills, Ill.
payments are common features of many transactions, such as litigation settlement agreements, merger documents, purchase and sale agreements, leases, etc.
For those people in construction who sign such contracts and understand what an indemnity
clause is, (1) there are three basic schools of thought on whether a contractual undertaking to hold someone harmless from that other person's own wrongful acts is fair.