Directors' Liability and Indemnification: A Global Guide Second Edition Hardcover – 31 Aug 2010
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Review for first edition: A wide-ranging survey of attitudes to, and aspects of, liability and protective mechanisms in 24 jurisdictions. This volume will likely prove a valuable resource for insurance advisors and others called upon to counsel companies in connection with the associated liability exposures and related insurance considerations. --Kevin M LaCroix, The D&O Diary
It is enough to salute the consulting editor and his team for having put together a remarkable world view of the major jurisdictions in a group of related areas which is of increasing importance. --David Marks QC
About the Author
Consulting Editor Edward Smerdon is the managing partner of the London office of international law firm Sedgwick Detert Moran & Arnold LLP. He specialises, and has 15 years experience, in the field of directors and officers labiality, and is currently involved in claims against directors in the United Kingdom, the European Union, the Far East and the United States. Mr Smerdon has become a leading authority on the interrelationship between D&O insurance and indemnification, and lectures widely on the subject.
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This edition updates the guide in all existing countries and extends its reach to a total of 38 countries by adding Kazakhstan, China, Slovakia, Ukraine, India, Nigeria, Norway, South Korea, the Czech Republik , Denmark, Finland, Ireland and the United Arab Emirates.
Countries are arranged alphabetically with at least 10 pages even for Kazakhstan. Each chapter has the same format which makes it easy to compare. Authors contributing to the relevant country are well known representatives of their individual jurisdictions, such as Dr Oliver Sieg (Noerr) for Germany, Ignacio Figuerol (DAC) for Spain, and Sarah Xerri (Vovan) for France.The chapter about the UK by Tristan Hall and Sarah Hills (both SDMA) already includes a paragraph about the UK Bribery Act 2010, which isn't even in force yet.
This book is an absolute must for D&O claims handler and underwriter likewise. It provides a quick reference about the current law and custom in respect of Directors and Officers in all countries one could possibly think about providing D&O cover. Authors also tried to give an insight about the relevant claims culture and litigation appetite, which nearly makes it a travel guide on the journey to become a D&O Specialist.
The only downside of this book - a little bit more colour for something that decorates a desktop- after all, D&O is not that grey!