Insurers may be obliged in exceptional cases to pay above the limits stipulated in an insurance agreement, according to a Supreme Court ruling about civil liability pensions.
This may happen under article 357(1) of the Civil Code which stipulates that, in extraordinary circumstances, a court may modify the scope of the parties' performance.
This article was written for Law-Now, CMS Cameron McKenna's free online information service. To register for Law-Now, please go to www.law-now.com/law-now/mondaq
Law-Now information is for general purposes and guidance only. The information and opinions expressed in all Law-Now articles are not necessarily comprehensive and do not purport to give professional or legal advice. All Law-Now information relates to circumstances prevailing at the date of its original publication and may not have been updated to reflect subsequent developments.
The original publication date for this article was 11/08/2008.
