Last week GM and now VW. Imagine trying an asbestos friction case in the next few months, and offering up a corporate witness to testify on behalf of the company. Reputation risk – and loss of reputation – can have consequences in many forums.
Prevention of Product Liability
Chapter 11 Cases Fail to Properly Deal with Future International Claims Against Multinationals Heavily Involved in Selling Asbestos Fibers or Products
The point of today’s post is to focus attention on issues and topics that arise from relationships between insolvencies and multinationals heavily involved in selling asbestos fibers and/or asbestos-containing products, and their implications for present and future tort claiming and the ability to enforce bankruptcy court injunctions. To illustrate that the topic is well-grounded in…
Eternit, Etex and Asbestos Cement – Global Scale, Decades Ago – How to Deal with Current and Future Claims ?
Monday’s post (12/26) pointed out a variety of product liability, corporate law and compensation issues in the context of one nation (India) and a small group of apparently independent asbestos-cement companies. The point of today’s post is to illustrate macro level complexities that arise due to the cross-border issues that arise from multinationals, globalization and…
Focusing this Week on Global Issues and Future Claims, Starting with Articles on Growing Asbestos Cement Use in India
I keep falling off the “global” side of things. So, this week, I’ll make a special effort to be more global. This week I’m also going to try to focus more on the wide range of issues regarding “future” claims. By future claims, I mean future tort or business to business claims that possibly, likely…
Asbestos Awareness and Asbestos Ban in Dubai
By Kirk Hartley on
An article here describes a construction group in Dubai trying to raise consciousness regarding asbestos in building projects. This type of activity was what the US went through in the mid to late 1980s, and it spawned tort litigation seeking to recover the costs of coping with asbestos regulations. According to the article:
“By volume,…
Product Liability Prevention – New Work from an Expert
By Kirk Hartley on
Posted in Prevention of Product Liability
Product liability litigation draws lots of ink and html. Product liability prevention draws far less of both but of course is a strategy that makes sense. Maybe prevention it would obtain more attention if it product liability losses were made the subject of exchange-traded derivative products that constitute bets on the extent of a company’s…