Can liability insurers limit liability in France?
French domestic law reproduces the same principles and limits (article L5121-1 et seq. of the Code of Transports). However, liability insurers are not listed among the direct beneficiaries of the right to limit liability, so that they cannot invoke such right if no limitation fund has been constituted.
What is International Liability?
The establishment of international liability imposes on the offending party a compensation obligation, and compensation is generally intended to compensate for damage resulting from the commission of an act or acts contrary to international law, a legal term intended to remove damage caused by an international wrongful act committed by others.
What are the characteristics of a limited liability company in France?
Here are the main characteristics of a limited liability company in France (SARL): The business partners can own one or more members’ shares depending on the capital they provide to the company The business partners are only liable to their contribution to the capital. This contribution can be in cash, in-kind, or industry.
Are there liability limits for international shipments?
For international shipments, there may be liability limits unless specifically stated in the shipping contract. When the product arrives at the buyers dock, the buyer has the option to reject the shipment if they see damage. In this case they inform the seller immediately and then it normally becomes an issue between the seller and the carrier.
CGAP-Glossary-French-to-English-Jan-2007.pdf