View by year

View by subject

Published: Friday, January 01, 2010
Author:
Keith Richardson
Published in: Asia Insurance Review
Subject: Aerospace
The article analyses the applicability of the economic loss rule
in the UK, US, Australia and Singapore. The economic loss rule is
the presumption that purely financial or economic losses are
generally unsustainable at law. For example, the rule protects
manufacturers from liability exposure to an indeterminate class of
Claimants for damage solely to a product itself. The article traces
the jurisprudential development of the rule in various
jurisdictions.