Block exemption 403 statement: consequences of joint and several liability of parent company – Blog Jelle van der Beek
A settlement reached by a creditor with a subsidiary – if a so-called 403 declaration is involved – does not automatically imply that the creditor in question has waived its right of action against the parent company. The Supreme Court recently ruled that, due to the joint and several liability of a parent company, independent performance of […]
