Be aware of drafting (or seeking to interpret) a contractual indemnity provision in isolation. Appreciating the wider contractual context will avoid surprises. The Supreme Court has held that the indemnity clause in an SPA did not operate to indemnify the buyer of an insurance broker against compensation paid to customers as a result of mis-selling.
On 13 June 2014 the French Parliament has adopted the Eckert Law aiming at updating the current legislation on the fate of the unclaimed life insurance contracts to strengthen customers’ rights and impose additional constraints to insurers. The Eckert Law has been supplemented by a Decree (Decree n°2015-1092 of 28 August 2015) which defines the