EN :

This report develops the concept that the design of a multinational global corporate insurance program requires proper planning and understanding of local laws and customs. Taking a long-term, global view of corporate risk management objectives with proper evaluation and implementation of the risk finance and risk control mechanisms sets the foundation to transfer risk economically, and guarantees that funds will be available to pay losses when they occur. Understanding how to use before tax dollars to fund for losses and transfer risk is an intricate process involving local admitted coverages and reinsurance. This report attempts to shed some light on this process, and it makes some suggestions on how to minimize the effects losses may have on corporate income taxes as well as ways to manage global risks that will stand the test of time.

FR :

La conception d’un programme d’assurance multinational suppose un savoir-faire, une planification stratégique et une connaissance approfondie des lois applicables dans les pays où l’on opère. Les défis du gestionnaire de risque dans une société multinationale passent par une vision globale et une compréhension à long terme des risques, de leur contrôle et de leur financement. Cet article jette un peu de lumière sur ces aspects et il envisage certaines solutions concrètes et pragmatiques.

EN :

What does insurance law face today? The author explains his own view on clauses set out in Civil Code, on some doctrinal misinterpretations, on proposed changes in the Quebec draft legislation and on some Courts' decisions which could be inconsistent with the insurance realities.

EN :

ln his article, the author illustrates the intensity of legal obligation by subdividing this obligation into three levels: the obligation of diligence, of result and of guarantee. ln doing so, M^e Crépeau presents a concrete reflection on the basis of civil liability where what is important is not so much to determine if there is fault, but rather to accurately assess the content and intensity of the debitor's obligations.

FR :

Depuis le début des années 80, les tribunaux ont tenu certains administrateurs personnellement responsables du défaut de leur compagnie d’effectuer certains paiements au fisc, notamment en vertu de l’article 227.1 de la Loi de l’impôt sur le revenu. L’auteur examine les devoirs traditionnels de soin, de prudence et de diligence des administrateurs dans le cadre de cette loi.

EN :

ln this article, the authors, Sylvie Hébert and Frank M. Calandriello, explain Product Liability Insurance, covering some of the basic principles and technical aspects governing insuring agreements, exclusions and conditions, such as insurance coverage trigger, the definition of occurrence, the duty to defend and the duty of disclosure. A variety of forms have been used for Product Liability lnsurance over the years, from product and completed operations coverage to product extorsion or product guarantee insurance. Here is the second part of the study. The first part appeared in our last issue.

FR :

Accélération des restructurations économiques, dynamisme du marché financier confèrent à l’OPA de sérieuses vertus économiques que tempèrent cependant certains excès liés à un surendettement parfois manifeste. Mais le développement des OPA illustre surtout le grand retour du capital sur la scène économique.

EN :

The magazine Vif Argent (no. 72) recently published a very interesting article on takeover bids by a group of collaborators from the Department of Financial Studies of Crédit Commercial de France. We wish to thank the editor of Vif Argent for having given us the authorization to publish the above-mentioned article in which we learn that presenting a takeover bid is never an easy task. lt is of utmost importance that it not appear to be a strictly financial operation, but rather an economic one. Does a nation's economy benefit from takeover bids? This is a question pondered in the following text.