Court of Cassation Rulings Regarding the Lending Bank and Insurance
In the event that the lending bank concludes a life insurance contract against the risk of death and total disability for the borrower of credit loans, the bank is not entitled to claim the value of the loan against the heirs after death, and the claim shall be against the insurance company only.
Decree amending Article 116 of Law No. 1 of 2016 promulgating the Companies Law.
A decree was issued amending the Companies Law to start non-participatory contracting between public and closed companies on one hand, and companies with limited disclosure on the other hand. With the expansion in reducing the quorum of the general assembly by contracting with extraordinary companies with limited liabilities from 75% to more than 50%, and then the pledges to hold the first meeting. (In the event that the required quorum is not available)
Elements of Civil Liability in the Civil Code
There is no doubt that a person performing a legally impermissible act or abstaining from an act that is legally required by him, whether by himself or through people or rools over which he has authority, will result in harm to others, for which that person will be responsible for the consequences. This is called ‘civil liability’ in the rules of the Civil Code. This is either a contractual liability arising from a contractual relationship between two or more parties, or a tortious liability resulting from a harmful act that a contractual relationship is not the source of.