Background The German Parliament passed the law on coporate due diligence in supply chains (Lieferkettensorgfaltspflichtengesetz) (“GSCA”) on June 11, 2021. GSCA is slated to come into force on January 1, 2023 and will be implemented in a phased manner. Introduction of GSCA is an affirmative legislative step by the German Parliament to identify and assess …
“It is entrenched in our jurisprudence that an ambiguous term in an insurance contract is to be construed harmoniously by reading the contract in its entirety. If after that, no clarity emerges, then the term must be interpreted in favour of the insured, i.e., against the drafter of the policy[1].” A three Judges’ Bench of …
The insurance industry is booming today. There is no dearth of coverage for a multitude of risks. Claims are on the rise and so is declinature, resulting in disputes between the Insured and the Insurer. Policies falling in the category of claims made or claims made and reported, prescribe a period for notification of a …
Supreme Court: Notification Delayed, Insurers Remain Liable Read More »
