Cross-border Enforcement of Listed Companies' Duties to Inform (IVOR nr. 87) 2012/4.4.2:4.4.2 Liability in tort

Cross-border Enforcement of Listed Companies' Duties to Inform (IVOR nr. 87) 2012/4.4.2

4.4.2 Liability in tort

Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.

Section 1382 FCC prescribes that any act of a person which causes damage to another person obliges the one by whose fault the damage occurred to compensate the other. The person is not only liable for the damage he causes by his intentional act,1 but also by his negligent conduct or by his imprudence.2 Therefore, the issuer, lead manager and/or other sponsoring banks can be held liable for negligent publication and distribution of misleading information.

In any liability in tort claim, the claimant has to establish the following facts:

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the tortious behaviour (foute);

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a loss (préjudice);

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causation between the loss and the tortious behaviour (causalité); and

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the loss is attributable (imputable) to the defendant.3

Unlike Dutch and German private law, French private law does not require relativity between the violation of the legal norm and the losses incurred by the particular individual claimant. Therefore, a violation of a legal provision that serves the public interest that causes losses to individuals is sufficient to establish private law liability.

Deze functie is alleen te gebruiken als je bent ingelogd.