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Artificial intelligence
Cloud giants offer only limited protection to businesses over AI copyright claims
...But Brenda Leong, a partner at Luminos Law, said it was “important for companies to understand that [the indemnities] are very narrowly focused and defined”....
January 8, 2024
US & Canadian companies
Shine exit sets scene for Elisabeth Murdoch’s next act
...The lawsuit was eventually settled – earning News Corp a sizeable payout: as directors had been sued, the company’s insurers paid $139m to News Corp under its director and officer indemnity policies....
October 3, 2014
FT Live
Global Private Banking Awards 2024
Celebrating excellence in wealth management
Thursday, 7 NovemberThe Landmark London, London, UK
US & Canadian companies
Investors line up for Buffett clues
...The “Sage of Omaha” also purchased businesses he liked, often found close to home and run by people he knew, such as National Indemnity, an insurer, in 1969, and Nebraska Furniture Mart in 1983....
February 28, 2013
FT AlphavilleMergers & Acquisitions
The (early) Lunch Wrap
...However, the price decline may prove short-lived, as a key Chinese insurer is reportedly halting the sale of indemnity coverage for tankers transporting oil from Iran (Reuters)....
April 5, 2012
IPOs
Hedge funds buy Chrysler Finco ‘private’ equity on liquidation, M&A hopes; Cerberus takes a pass
...DaimlerChrysler agreed to contribute its 19.9% post buyout stake in exchange for legal indemnity, said the second analyst....
June 28, 2010
UK banks
Shinsei secures its place in the spotlight
...As for the risks of excess interest payments, an indemnity clause in its agreement with GE allows it to restrict its maximum liability to Y206bn and this amount will be fully provisioned when the deal closes...
July 16, 2008
FT Live
Due Diligence Live
Where leaders in investment and finance meet
Tuesday, 8 OctoberLondon, UK
Banks
Time to nationalise Northern Rock?
...Japan had first nationalised LTCB in 1998 – so its shareholders did suffer – yet it not only took on trillions of yen of LTCB’s bad debts but also gave indemnities to the buyer....
November 16, 2007

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