What is it about?
This article discusses whether a company benefits from the faculty or has the statutory duty to reimburse its directors for losses caused by litigation.
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Why is it important?
This article argues that corporate indemnification is a business practice shaped from international standards, which have been spread by Side B of the D&O Insurance policies
Perspectives
The internationalisation of corporate indemnification has not led to the full introduction of the US experience in the Portuguese, Italian and German legal systems. These civil law legal orders are more restrictive and demanding than most US jurisdictions in authorising corporate indemnification which protects directors from property losses caused by litigation
Maria Elisabete Ramos
University of Coimbra (Portugal)
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This page is a summary of: Corporate Indemnification, European Company and Financial Law Review, February 2018, De Gruyter,
DOI: 10.1515/ecfr-2017-0031.
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