Lenders Liability of Commercial Banks in Environmental Tort: Focusing on American Law

Lenders Liability of Commercial Banks in Environmental Tort: Focusing on American Law

With the deterioration of the environment and increasingly seriously environmental damage, the spread of the environmental responsibility scope is one of means to respond environmental crises. The federal Comprehensive Environmental Response, Compensation and Liability Act 1980 (CERCLA of US) imposed strict and joint liability to commercial banks and made them first become the main principle of...

Tort Liability Litigation Costs for Commercial Claims

This article analyzes tort liability litigation costs using the Texas Department of Insurance Commercial Liability Insurance Closed Claim database for the years 1988–2004. Insurer costs to defend claims in which a suit was filed average $35,000 per claim in 2004$, which corresponds to a share of 0.18 of total expenditures. Claims with higher stakes and complexity lead to greater reliance on out...

Punitive Liability: a New Paradigm of Efficiency in Tort Law

Basis of Physician’s Civil Liability in Necessary and Unnecessary Treatments in Iranian and American Law

Medical treatments are divided to essential and unnecessary treatments. Treatments and cosmetic surgery in the category of unnecessary treatments and reconstructive surgery and other treatments for example heart, liver and kidney transplant surgery placed in the category of essential treatments. Compensation basis in essential treatments in Iranian law, among basics of the negligence, strict li...

Tort Law and the American Economy

It is common to hear claims that tort law is undermining the ability of America to grow economically. Tort liability imposes costs on businesses, who complain about its detrimental effects on investment and innovation. While many of these reports are anecdotal, or even false, there is growing evidence on the economic effect of tort law. Tort reform proposals are pressed, and often passed, on th...