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Pure Economic Loss


Author(s): Boom, W. H. Van; Koziol, Helmut; Witting, Christian A.; Bloch, Laurent
ISBN10:  3211005145
ISBN13:  9783211005149
Format:  Paperback
Pub. Date:  2/17/2004
Publisher(s): Springer Verlag

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Table of Contents
List of Contributors
xii
Pure Economic Loss: A Comparative Perspective
1(40)
Willem H. van Boom
An Introduction to the Problem -- Elemental Differences in Approach
1(14)
Introduction
1(3)
Survey of the Various Legal Systems and Their Approaches to the Problem
4(11)
Specific Topics in the Area of Pure Economic Loss
15(16)
Deliberate and Intentional Infliction of Pure Economic Loss
15(1)
Are Contracts Protected in Tort?
16(3)
Reliance, Negligent Statements, and Defective Services
19(5)
The Ever Decreasing Circles of Pure Economic Loss
24(7)
Why Should Pure Economic Loss Be Treated Differently?
31(6)
Systematic Hierarchy, Policy or Accident of History?
31(2)
Floodgates and the Fear of Indeterminacy
33(2)
Other Policy Considerations
35(2)
Directions for the Future
37(2)
Fully Excluding Pure Economic Loss is Neither Fair nor Just or Reasonable
37(1)
Following the Path of Categorisation
38(1)
Turning the Flood as It Comes
39(1)
Concluding Remarks
39(2)
Compensation for Pure Economic Loss Under French Law
41(7)
Christophe Rade
Laurent Bloch
The Theoretical Reparation of Pure Economic Loss
41(3)
The Classification of Losses
42(1)
The Principle of Full Reparation
43(1)
The Technical Obstacles to the Reparation of Pure Economic Loss
44(4)
Legal Unadapted Requirements
44(1)
Strict Jurisprudential Requirements
45(2)
The Autonomy of Economic Loss
47(1)
Compensation for Pure Economic Loss Under Italian Law
48(8)
Riccardo Omodei-Sale
Alessio Zaccaria
The Notion of ``Pure Economic Loss''
48(1)
Unjust Damage and the Right to the Integrity of Property
48(1)
Tortious Protection Against Credit Infringement: Damages Arising from Debtor Killing
49(1)
The Damage Arising from the Employee's Temporary Invalidity
50(1)
Third Party's Breach of Contract
51(1)
Prospectus Liability
52(1)
Cable-Cutting Cases
53(1)
Loss of a Favourable Opportunity (i.e. chance)
54(1)
Damages Arising from Producer Discredit
54(2)
Compensation for Pure Economic Loss Under Japanese Law
56(6)
Kunihiko Okubo
Introduction
56(1)
Conditions for Tort Liability, in Particular Wrongfulness
57(3)
The View of the Authors of the Japanese Civil Code
57(1)
Past Doctrine and the Development of the Case Law
58(1)
Shaping of the Prevailing Doctrine
58(1)
Case Law
59(1)
Parties Outside the Scope of the Protective Purpose of the Violated Provision (``Indirectly Damaged Parties'')
60(2)
The ``Transferred'' ``Indirect Damage''
61(1)
The Formally ``Indirectly Damaged'' Party
61(1)
Compensation for Pure Economic Loss Under Spanish Law
62(15)
Miquel Martin-Casals
Jordi Ribot
The Spanish Approach
62(1)
How Are the Floodgates Shut?
63(3)
Unlawfulness
63(2)
Fault
65(1)
Lack of Certainty or Directness of Damage
65(1)
Cases
66(11)
Directly Inflicted Pure Economic Loss
66(6)
Relational Pure Economic Loss
72(5)
The Liability of Banks
77(16)
Susanne Kalss
General Considerations
77(2)
Bridging the Gap by Means of Liability
79(1)
Different Situations
80(1)
Pure Economic Loss
80(2)
Credit Information
82(5)
Investment Services and Securities Business
87(1)
Prospectus Liability
87(5)
Concluding Remarks
92(1)
Auditors' Liability
93(9)
W. V. Horton Rogers
Compensation for Pure Economic Loss from a Common Lawyer's Perspective
102(39)
Christian Witting
Introduction
102(2)
Characterisation of Damage
104(2)
Protection in Tort
106(6)
General
106(1)
Contract and Tort: Historical Development
106(2)
Contract and Tort: Theoretical Ambit
108(3)
Intentional Tort
111(1)
Negligence
111(1)
The Scope of Duty in Negligence
112(3)
General
112(1)
Foreseeability
113(1)
Proximity
114(1)
Fair, Just & Reasonable
114(1)
Consequential Economic Loss
115(1)
The Categories of Pure Economic Loss
116(1)
Structures and Products
116(8)
The Rules
116(7)
Justifications for Restricting Liability
123(1)
Relational Economic Loss
124(9)
General
124(1)
Persons
124(1)
Property
125(6)
Caveat
131(1)
Justifications
131(2)
Misstatements/Services
133(7)
General
133(1)
Assumption of Responsibility
134(2)
Reliance
136(1)
Extended Hedley Byrne Cases
137(3)
Conclusions
140(1)
Compensation for Pure Economic Loss from a Continental Lawyer's Perspective
141(21)
Helmut Koziol
The Nature of Pure Economic Loss
141(1)
The Relevant Factors for Varying Protection
142(3)
The Floodgate Argument
142(2)
The Nature of the Interest
144(1)
The Value of the Interest
144(1)
First Conclusions
145(1)
The Accepted Scope of Protection of Economic Interests
145(4)
Contractual Liability
145(1)
Near-contractual Relationship
146(1)
Statement to Guide Third Parties
147(1)
Consequential Loss
148(1)
Intentional Infliction of Harm
148(1)
Infringement of Contracts
148(1)
Relational Loss
148(1)
Relevant Rules on Establishing Liability for Economic Loss
149(3)
Restricted Numbers of Potential Claimants
149(1)
No Additional Duties of Care
149(1)
Proximity and Special Relations
150(1)
Dangerousness
150(1)
Dependence
150(1)
Obviousness and Actual Knowledge
151(1)
Clear Contours
151(1)
Negligence and Intent
151(1)
Importance of the Financial Loss for the Plaintiff
152(1)
Defendant's Economic Interest
152(1)
Development of a Flexible System of Liability for Pure Economic Loss
152(10)
The Idea of a Flexible System in General
152(1)
Combination of the Rules and ``Basiswertung''
153(1)
Examples of the Outcome
154(7)
Conclusions
161(1)
Pure Economic Loss and Liability Insurance
162(5)
Christian Lahnstein
In What Areas of Liability Insurance Does Pure Economic Loss Play a Role?
162(1)
How Do Limits of Liability Relate to Limits of Insurance in the Case of Pure Economic Loss?
163(1)
Time-Related Aspects of Pure Economic Loss
164(1)
Limits in the Amount of Liability and Insurance
165(2)
The Economics of Pure Economic Loss and the Internalisation of Multiple Externalities
167(24)
Giuseppe Dari Mattiacci
Abstract
167(1)
Introduction: Legal Doctrines Versus Economic Analysis
167(5)
An (Unsettled) Intellectual History of the Economic Theories of Pure Economic Loss
172(2)
Revising the Economic Approach
174(2)
Pure Economic Loss and the Simultaneous Internalisation of Positive and Negative Externalities
174(1)
Capacity as Precaution: Unilateral, Bilateral, and Trilateral Precaution Accidents
175(1)
A Formal Analysis of the Pure Economic Loss Problem
176(8)
Unilateral Precaution Accidents
177(2)
Bilateral Precaution Accidents (Injurer and Victim)
179(3)
Bilateral Precaution Accidents (Injurer and Gainer)
182(1)
Trilateral Precaution Accidents
183(1)
New Hypotheses on the Economics of Pure Economic Loss
184(5)
Genesis and Physiology of the Pure Economic Loss Problem: Internalising Positive Externalities Through Tort Law
184(1)
Phenomenology of the Pure Economic Loss Problem: The Divergence Between Private and Social Loss
185(1)
First Best Solution for the Pure Economic Loss Problem: Decoupling Positive and Negative Liability alias Exclusionary Rule Plus Subsidy
185(2)
Second Best Solutions and Anatomy of Lawmaking
187(2)
Conclusions
189(2)
Outlook
191(15)
Willem H. van Boom
Helmut Koziol
Christian Witting
Introduction: Bridging the Gap
191(1)
A Summary of Previous Chapters
192(3)
Tort Law Protection of Contracts
192(1)
Banks, Auditors, and Third-Party Losses
192(1)
Pure Economic Third-Party Loss in Cases of Death, Personal Injury, and Property Damage
193(2)
How Useful Are the Instruments That Are Commonly Used to Keep Liability Within Reasonable Limits?
195(3)
General Remarks
195(1)
Dimensions of Protection
195(1)
Tort Rules and Concepts
196(2)
Are There Any Other Instruments to Consider?
198(2)
Caps and Funds
198(1)
Clearly Defined Circles of Potential Claimants
198(2)
Insurability Issues
200(1)
What Can We Learn from the Law & Economics Approach?
201(1)
Is Europe Ready for a General Principle on Pure Economic Loss?
202(4)
The Current Status of Pure Economic Loss in Uniform European Tort Law
202(1)
Towards a General Clause on Pure Economic Loss?
203(3)
Publications 206(2)
Index 208

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