January 20th, 2010
Directors and Officers Liability Insurance Under New German Rules – The Right Way to Tackle the Problem?
Posted at 12:00 PM ET
Wolfram Schultz, Senior Vice President
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The Act on the Appropriateness of Management Board Compensation (VorstAG) came into force in Germany on 5 August 2009. The Act will impact new D&O insurance contracts and existing contracts after 30 June 2010. The Act is causing uncertainty through the introduction of a compulsory deductible for directors and officers.
