D&O Insurance in Germany
04.06.2009 | Financial Institutions & Services
Anwälte Dr. Gunbritt Kammerer-Galahn, Franz Janssen, Wolfgang Schaller, Anthony Menzies, James Crabtree, Alain de Foucaud, Christine Flion, Christopher Dixon
Changes in the air
In the world of directors' and officers' liability insurance, the US continues to be the dominant market. A combination of extensive shareholder rights under US Federal Securities legislation, class action litigation procedures and an aggressive, even entrepreneurial, Plaintiff bar, have created an entire industry out of litigation against directors and their companies, and any US director accepting a major boardroom appointment without the protection of D&O insurance would be considered cavalier, if not positively suicidal.
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