Good Faith and Fair Dealing in Reinsurance Samim

Transcript:Good Faith and Fair Dealing in Reinsurance Samim:
Good Faith and Fair Dealing in Reinsurance Samim UNAN Piri Reis University, Istanbul Content of the presentation «Good faith and fair dealing» as a general and fundamental principle At national level At international level «Good faith and fair dealing» in the PRICL Good faith and fair dealing principle National level- Switzerland Swiss Constitution Art. 5 Rule of law 1 All activities of the state are based on and limited by law. 2 State activities must be conducted in the public interest and be proportionate to the ends sought. 3 State institutions and private persons shall act in good faith. 4 The Confederation and the Cantons shall respect international law. Good faith and fair dealing principle National level Switzerland Swiss Civil Code Art. 2 B. Scope and limits of legal relationships I. Acting in good faith Art. 2 1 Every person must act in good faith in the exercise of his or her rights and in the performance of his or her obligations. 2 The manifest abuse of a right is not protected by law. Good faith and fair dealing principle National level- Switzerland Swiss Civil Code Art. 3 II. Good faith Art. 3 1 Where the law makes a legal effect conditional on the good faith of a person, there shall be a presumption of good faith. 2 No person may invoke the presumption of good faith if he or she has failed exercise the diligence required by the circumstances. Good faith and fair dealing principle National level- Germany BGB § 242 (Performance in good faith) An obligor has a duty to perform according to the requirements of good faith, taking customary practice into consideration. Good faith and fair dealing principle National level-France France: Ordonnance no 2016-131 du 10 février 2016 portant réforme du droit des contrats, du régime général et de la preuve des obligations. « Les contrats doivent être négociés, formés et exécutés de bonne foi. Cette disposition est d'ordre public. ». (Contracts must be negotiated, concluded and performed in good faith. This is «public order» provision) L'article 2274 du Code civil « La bonne foi est toujours présumée, et c'est à celui qui allègue la mauvaise foi à la prouver. » (presumption of good faith). Good faith and fair dealing principle- National level-France France Negotiations (Art. 1112 French Civil Code): Initiation, conduct and rupture of precontractual negotiations are free but they must mandatorily conform the requirements of