Sentences with phrase «liability cap on»

A federal law imposes a liability cap on the amount of damages that can be awarded to train accident victims after a crash.

The bill is likely to be a broad collection of provisions, including some in response to the gulf spill that would increase the liability caps on oil companies and impose tougher environmental and safety rules on offshore drilling.

Not exact matches

The cap: The federal Marine Liability Act (MLA) limits ship - owners» liability for oil spills based on a vessel'sLiability Act (MLA) limits ship - owners» liability for oil spills based on a vessel'sliability for oil spills based on a vessel's tonnage.

Moreover, the company keeps spending money it doesn't have on acquisitions, dividends, and buybacks, so it now sits with almost no excess cash and $ 660 million (68 % of market cap) in combined debt and underfunded pension liabilities.

Those restrictions have put a cap on the amount of liability the CMHC can assume.

Horner, with NYPIRG, says the testimony illustrates the need to clean up New York's campaign finance laws by setting stricter caps on contributions and eliminating a loophole that allows donors to use LLCs or limited liability companies, to skirt existing donor limits.

Adams» testimony also questioned the proposed elimination of the current $ 1 million cap on corporate franchise tax liability based on taxpayer's in - state capital and plans to establish a «financial nexus» for out - of - state credit card operations where no physical in - state nexus exists.

And nuclear reactors are uninsurable so that there is a cap on the liability of the generator.

Constrain contributions — Put the same $ 5,000 limit on contributions from limited liability corporations that exists for regular corporations, require LLCs to identify owners, and cap donations to housekeeping and party accounts.

Senate Democrats on Monday unveiled a package of ethics reform legislation that would cap outside income, strengthen disclosure requirements and close a loophole in campaign finance laws that guarantees unlimited contributions from limited liability corporations.

The reforms include closing a loophole that allows donors to form limited liability companies and bypass rules that set caps on donations to candidates.

They include closing a loophole that allows donors to form limited liability companies and bypass rules that set caps on donations to candidates.

In order to legally get around the state's $ 150,000 annual political donation cap on contributions, Litwin's donations, which have largely been to support Republican candidates, have been through limited liability companies associated with Glenwood.

Horner said the testimony illustrates the need to clean up New York's campaign finance laws by setting stricter caps on contributions and eliminating a loophole that allows donors to use LLCs, or limited liability companies, to skirt existing donor limits.

If we can limit the number of days state workers work, we can outsource the rest (either to Iowa or India, I don't care) and reap real savings, and we will putting a cap on pension liabilities.

The deal will include adjustments to corporate taxes that lead to about $ 10 million in cuts for companies — including exemptions for personal income taxes for people in the state less than 15 days, expanded enterprise zone benefits and a cap on the added liability from mandatory unitary reporting for large corporations.

One of the unique strengths of credit cards is that you're legally entitled to withhold payment of disputed charges on your statement during an investigation, and your liability for unauthorized ones is capped at $ 50, according to the Federal Trade Commission.

Remarkably, although there is a prudential cap on the amount of deposits the largest banks can hold, nothing limits bank liabilities like repos, which often must be rolled over every day.

While the VA doesn't place a limit on the amount you can borrow for a refinance, it does set a cap on how much liability it assumes for your loan.

The proposal would also cap taxes on pass - through businesses, such as partnerships and limited liability companies, at 25 %.

Debit cards fall under the Electronic Funds Transfer Act for errors, loss or theft, but liability, which is capped by law at $ 50 for credit cards, may run from $ 50 to $ 500 or more for debit cards, depending on when you report the problem.

Thankfully, such a bill — one that requires deep water drilling be better regulated, demands oil companies employ more preventative measures and have thorough response plans, and eliminates the «liability cap» on how much those companies must pay in damages when they cause a spill — is advancing in the Senate.

He has published and presented on significant topics such as groundwater management, environmental lender liability, and California's Prop. 65, and is currently working on an article discussing California's cap and trade programme to reduce greenhouse gas emissions.

The agreed cap on fees relates to personal injury claims (road traffic and employer and public liability) where the level of general damages, anticipated by the claimant when the report is commissioned, does not exceed # 15,000.

The ABA has sent a letter to the chairman of the House Judiciary Committee that opposes a medical - liability bill with caps on noneconomic damages.

From a service recipient perspective any cap on liability creates an exposure risk.

A hybrid approach seeks to benefit from a minimum number whilst ensuring the cap remains proportionate to the contract value over time, eg «The cap on liability shall be 200 % of the annual contract value or $ 3m whichever is higher [lower]».

In the majority of commercial contract negotiations, caps on liability and the treatment of exposure risk are usually one of the final points to be agreed.

Liability caps put the parties on a direct collision course, there is no easy or elegant alternative solution which can satisfy both parties.

In Elevantine the judge stated that parties could reasonably impose a cap on liability and that the proposed cap of # 14K in this case was reasonable.

The court ruled in favour of the defendant on other grounds and therefore did not need to examine the validity of the limitation clause, however the judge did state, obiter dicta, that if necessary he would have upheld the # 14K contractual liability cap as a fair and reasonable clause.

It is safe to assume that the removal of the $ 10,000 cap on liability in the MOL procedure will create a greater deterrent for employers considering whether to pay their workers in accordance with their basic statutory entitlements.

Importantly, in this decision Morgan J rejected completely the hitherto well established principle, applied for years by the Supreme Court Costs Office that an estimate operates as a cap on a client's liability to his solicitors at the estimate plus a margin.

In fact, Massachusetts is one of few states that still have this «charitable immunity» doctrine in effect, and among those that do, Massachusetts has the lowest cap on liability.

2017 was largely a sellers» market, typified by sellers securing low caps on their financial liability, and often favourable economic terms on re-investment.

A Limits of Liability clause is a contractual provision that attempts to set a cap on liability for breach of the terms of the agreement or for other forms of lLiability clause is a contractual provision that attempts to set a cap on liability for breach of the terms of the agreement or for other forms of lliability for breach of the terms of the agreement or for other forms of liabilityliability.

We are likely to see controllers seeking uncapped or significantly higher caps on liability from their data processors under the GDPR in the face of higher regulatory fines and potential claims from data subjects.

Act 2, including: changes to Wisconsin's product liability laws; adding Daubert standards for cases tried in Wisconsin involving expert opinion and evidence; eliminating the controversial «risk contribution» theory created by the Wisconsin Supreme Court in the 2005 Thomas v. Mallett decision; placing caps on punitive damages; and reducing frivolous lawsuits by holding parties liable for costs and fees for filing frivolous claims.

Landmark reforms relating to product liability, expert opinion testimony, risk contribution, and caps on punitive damages, among others, turned Wisconsin's souring litigation and business climate into one of the most competitive jurisdictions in the country from a litigation standpoint.

Kris has spoken at numerous legal seminars, including speaking engagements concerning «Motions in Limine: Protecting the Story» (Panel Member, NELA - GA / ICLE Trying Your Best: Employment Law Goes to Court Seminar, 2017), «Reductions in Force» (Professional Association Of Georgia Educators, 2012), «Settlement Agreements and Keeping the Deal» (State Bar of Georgia, General Practice and Trial Section, 2011), «Update on Employment Law» (General Practice And Trial Law Section Institute, 2011), «Employment Law in the Trenches» (General Practice and Trial Law Institute 2009), EEOC Atlanta 2008 Technical Assistance Program Seminar, «Firing Public Employees: Lessons Learned from the Perspective of Plaintiff and Defense Counsel» (Liability of Local Governments Seminar 2007), «Busting the Cap on Damages in Employment Litigation» (Managing Damages in Employment Litigation Seminar 2007), «State Law and Other Non-Traditional Claims: Crash Course, Questions to Ask, and New Developments» (Employment Law for the General Practitioner and for the Pros).

They may sell the farm, agree to terrible caps on liability, or completely misunderstand indemnification obligations.

Accordingly Swynson was awarded damages in the amount of the total amount loaned, although this was limited to # 15m according to the cap on liability in HMT's letter of engagement.

The amount of any cap on the defendant's liability for the claimant's costs will depend upon all the circumstances of the case».

Establishes a hard cap of $ 500,000 on noneconomic damages in medical liability cases (the $ 500,000 cap that was passed during a special session in 2002 contained an escalator clause which would have raised the cap to $ 750,000 in 2011 and $ 1 million in 2017).

Other reported barriers were the corresponding three - year service agreement, the tax liability associated with the student loan repayments, and the yearly cap of $ 10,000 on benefits.

And now that we're on the topic of doctors and tobacco, Texas Magistrate says that Texas» brutal, anti-patient tort reform law, which «capped medical liability for non-economic damages at $ 250,000, doesn't violate victims» constitutional rights.»

Michael Geist's Blog File Sharing Lawsuits Could Lead to Clogged Courts as Canadians Rely on New Liability Caps

Employers need to be aware that their exposure far exceeds the typical 24 - month cap placed on liability in dismissal scenarios not involving discrimination.

(1) extending negligent misrepresentation beyond «business transactions» to product liability, unprecedented in Texas; (2) ignoring multiple US Supreme Court decisions that express and implied preemption operate independently (as discussed here) to dismiss implied preemption with nothing more than a cite to the Medtronic v. Lohr express preemption decision; (3) inventing some sort of state - law tort to second - guess the defendant following one FDA marketing approach (§ 510k clearance) over another (pre-market approval), unprecedented anywhere; (4) holding that the learned intermediary rule does not apply whenever a defendant «compensates» or «incentivizes» physicians to use its products, absent any Texas state or appellate authority; (5) imposing strict liability on an entity not in the product's chain of sale, contrary to Texas statute (§ 82.001 (2)-RRB-; (6) creating a claim for «tortious interference» with the physician - patient relationship, again utterly unprecedented; (7) creating «vicarious» breach of fiduciary duty for engaging doctors to serve as expert witnesses in mass tort litigation also involving their patients, ditto; and (8) construing a consulting agreement with a physician as «commercial bribery» to avoid the Texas cap on punitive damages, jaw - droppingly unprecedented.

You have a $ 250,000 cap on your liability insurance, but the bills total $ 800,000.