18 November 2008Metal Theft
Lessons from Losses 8/2008.
In line with the rise in raw material prices, thefts of metal have become increasingly common in the form of scrap and production stock, as well as from construction sites. Recently, it has been reported in the media that posts for road signs and lighting, drain covers, and other metallic objects in public places have also been stolen.
31 October 2008The real estate broker's duty to discover a housing company's forthcoming renovations in Finland
Liability Newsletter 2/2008.
The majority of the buildings of housing companies were built in the 1960s and 1970s, which means that a massive peak in the need for renovation is at hand in the near future. Pipe and facade structure renovations and their costs are additional issues to which real estate brokers need to pay attention. Fulfilling the duty to discover and disclose requires that real estate brokers familiarise themselves with future renovations and their estimated costs. The sales brochure must include the housing company's decisions on, or otherwise definitely known, major repair work and modernisation projects of the building or apartment, as well as an estimate of the schedule for the work and the resulting costs to the buyer.
10 October 2008Self-ignition – an often overlooked fire hazard
Lessons from Losses 7/2008.
Danish fire brigades reported self-ignition as the cause of ignition in 6% of industrial fires in 2006. Clearly, self-ignition is a serious fire hazard in industry for which effective control measures should be in force. Fortunately it is not difficult to control this well-known hazard.
10 September 2008Is it possible in practice for an ULCV to declare general average?
Marine Newsletter 2/2008. It should be a great advantage for very large container vessels if they could refrain from declaring general average and, instead, submit a claim to an insurer. The ship owner can thus avoid long lay-up periods in port and expenses related to hiring an average adjuster.
3 September 2008Damage to thin plastered wooden frame walls
Lessons from Losses 6/2008.
Problems with moisture in thin plastered façade walls have been observed in relatively recently built houses.