Swiss Create New Fund to Pay Compensation to Persons with Asbestos Related Diseases

As reported by Laurie Kazan Allen at the IBAS web site and in other places, a new fund has been created in Switzerland to pay compensation to persons suffering from asbestos-related diseases. The Swiss Info channel reported the news in a December 19, 2016 online article. The following are excerpts from the article:

“A CHF100 million ($97 million) fund is to be created in Switzerland to offer support for victims of asbestos-related illnesses who are not eligible for accident insurance. The construction industry and insurers will voluntarily contribute to the fund that will run until 2025

….

A round table of politicians, trade unions, industry groups and asbestos victim support organisations came up with the solution to financially support victims who fell ill after 2006. Some CHF30 million has already been pledged to the fund.”

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Since becoming a lawyer in 1983, Kirk’s over 30 years of practice have focused on advising a wide range of corporations, associations, and individuals (as both plaintiffs and defendants) on both tort and commercial law issues centered around “mass torts.”

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