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Safe Harbor

Safe Harbor


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About the Book

High Quality Content by WIKIPEDIA articles! The term safe harbor (safe harbour) has several special usages, in an analogy with its literal meaning, that of a harbor or haven which provides safety from weather or attack.A safe harbor is a provision of a statute or a regulation that reduces or eliminates a party's liability under the law, on the condition that the party performed its actions in good faith. Legislators include safe-harbor provisions to protect legitimate or excusable violations. An example of safe harbor is performance of a Phase I Environmental Site Assessment by a property purchaser: thus effecting due diligence and a "safe harbor" outcome if future contamination is found caused by a prior owner.Another example is regarding insider information laws. Broker-dealers are required to have in place Chinese walls that prevent the transmission of insider information from one department to another. Each broker-dealer firm is required to have its own barriers and to enforce them on its own. Thus, there is no safe harbor regarding this issue.


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Product Details
  • ISBN-13: 9786131324062
  • Publisher: Betascript Publishing
  • Publisher Imprint: Betascript Publishing
  • Height: 152 mm
  • Weight: 127 gr
  • ISBN-10: 6131324069
  • Publisher Date: 25 Nov 2010
  • Binding: Paperback
  • Spine Width: 5 mm
  • Width: 229 mm


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