Pure Economic Loss
Willem H. van Boom, Helmut Koziol, Christian A. Witting
Springer Vienna, Dec 22, 2003 - Law - 214 pages
Today, pure economic loss is probably one of the main problems in expanding tort law. In some countries, it is associated with uncontrollable and unforeseeable floods of claims to which there may be no end. But how real is the threat posed by pure economic loss? And how can tort law strike a balance between no compensation at all and too much compensation? How do the legal systems reist the feared flood of claims? In this book, leading authors shed light on the subject of pure economic loss and its status under tort law. Furthermore, an attempt is made to include a possible road towards a common European denominator on compensation for pure economic loss. The perspectives presented in this book are manifold. Contributions on the following topics are included: Pure economic loss under specific national legal systems and from several comparative law perspectives, legal and economic analyses of pure economic loss, tortious liability of banks and auditors, and an outlook on further developments.