Legal Due Diligence · glossary
The seller's promise to pay, euro for euro, for losses from one defined matter, usually outside disclosure and the warranty limits. It suits a known problem nobody can measure. Sunrise's covers the Legacy AML Matter, up to €8 million for four years. Report §5.1 · Chapter 8
Explained in Chapter 8, Regulatory, Compliance and AML, of Legal Due Diligence.
So a known problem needs a different tool. A specific indemnity is the seller's promise to pay the buyer, euro for euro, for losses from one defined matter. The buyer need not prove any statement untrue, and the indemnity usually sits outside disclosure, the basket and the general cap.Read Chapter 8, Regulatory, Compliance and AML →
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