Wednesday, September 5, 2012
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Article by Dr. Fabian Herder in Versicherungspraxis 09/2012
According to the new version of the Insurance Contract Act (“VVG”), liability insurers cannot exclude the assignment of the right of recourse to a third person in their general terms of insurance.
The article at hand deals with the question whether, in case of a D&O insured vs. insured matter, the „injuring“ board member may assign his right of recourse according to new legislation to the damaged company.
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