After the Litigation had been initiated, the Companys board of directors (Board) became aware of the Guarantee & Indemnity
and Mr Chen then purportedly admitted to the Board that he had signed the same without the Boards approval since the Lenders had purportedly lost patience in chasing Mr Chen for the repayment of the Loans and coerced him to issue the Guarantee & Indemnity
by threatening him and his familys personal safety.
agreements are the primary contractual vehicles for shifting risk and reallocating liability.
Beginning in January 2008, and continuing until the fall of 2013, Cohen defrauded insurance policyholders and prospective insurance policyholders in order to obtain more than $100 million in insurance premiums, by falsely representing the financial status of Indemnity
and other Cohen controlled entities to insurance policyholders, prospective insurance policyholders, the rating agency A.
Myth or Reality: An increase in remote workers has an insignificant impact on indemnity
In Alaska, indemnity
agreements are typically entered into between an owner or operator of an offshore facility and a contractor hired to perform services on that facility.
CCIIO talks about individual indemnity
products in a new batch of guidance.
The move follows the execution of an approved pooling agreement between Laurier, California Insurance Co and Continental Indemnity
Co which make up the North American Casualty Group (NAC), AM Best said.
Despite best efforts, indemnity
clauses do not always have the desired effect.
The Good--Benefits of Reciprocal Indemnity
The contract states that your client may obtain indemnity
from that subcontractor.
for termination of a contract which results from the application of Article 17(2) "cannot be replaced, pursuant to a collective agreement, by an indemnity
determined in accordance with criteria other than those prescribed (by the Directive), unless it is established that the application of such an agreement guarantees the commercial agent, in every case, an indemnity
equal to or greater than that which results from the application of Article 17".
Company of Illinois, Hartford, Conn.