Sarie Eldin and Partners participation at AmCham seminar
Sarie Eldin and Partners Legal Advisor in a seminar at the American Chamber of Commerce about the Legal Responsibilities of the Managers and the proposed Insurance Solutions: The Insurance of the Banking and Real Estate sector should be suitable covered.
Dr. Hani Sarie Eldin, the Founder and the Managing Partner of Sarie Eldin and Partners Legal Advisor talked about the importance of guaranteeing Insurance solutions with similar provisions protect the decision makers from the managers and board members in different organizations against any legal issue.
Dr. Sarie Eldin considered that the Public Liability Insurance for the board members and the executive and non-executive board members is one of the most important practices around the world, which guarantee the protection of the organizations, shareholders and stakeholders who are dealing with those organizations.
Dr. Sarie Eldin confirmed on that the protection and the insurance does not include any action falls in the area of the Criminal Liability.
Dr. Sarie Eldin also confirmed on the solidarity responsibility of the board members for the decisions taken by them and the ratification by General Assembly of these decisions does not exempt the board members from the responsibility.
Dr. Sarie Eldin talked in the seminar that was organized by the Legal Affairs Committee and the Insurance Committee in the American Chamber of Commerce- about the legal responsibility for the managers and the responsible people for the organizations and the way of their insurance coverage. In addition to, the importance of raising, the awareness towards the obstacles that these companies may face according to increase the need of the Legal Insurance Responsibilities for the managers and executives in the Company.
He added that “the managers in the banking, non-banking and real estate sectors should have an excellent insurance coverage due to the importance of decision making in this strategic sectors”.
The Seminar gives the opportunity for the companies’ representatives from AIG Insurance, the banking sectors, financial sectors and number of lawyers to review the Law and the new regulations that affect the decision makers in the different organizations with different capacities.
