WARNING CASE
August 1st, 2002
BY KEITH NUTHALLNATIONAL laws within the European Union insisting that life-assurance policies or proposals warn customers about the potential for losing returns, should they cancel or reduce their policy to take out new cover, break EU freedom of trade rules, the European Court of Justice has ruled. Its judges have cleared the way for the Belgian courts to reject a case brought by Axa Royale Belge SA against Stratégie Finance SPRL, which claimed SF had broken a 1992 royal decree insisting that such warnings should be included. In its ruling, the ECJ said: ...
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