Tip:
Highlight text to annotate it
X
THIS CASE.
>> IN THIS CASE, THIS IS STILL
THE BEGINNING.
BUT WE HEARD FROM THE MALAYSIAN
PM YESTERDAY SAYING ALL LIVES
LOST.
SO WE HAVE OFFICIALS DECLARING
NO SURVIVORS.
THESE FAMILIES WANT PROOF, SO WE
DON'T HAVE A CRASH SITE, NO
DEBRIS, NO SIGN OF ANY VICTIMS.
SO HOW DOES THAT AFFECT
COMPENSATION HERE?
>> WELL, WHAT WOULD ULTIMATELY
AFFECT COMPENSATION, IT WILL BE
PRESUMED AFTER A CERTAIN PERIOD
OF TIME.
BUT AGAIN, THE COMPENSATION WILL
COME OVER TIME.
WE'LL BE ABLE TO SUCCESSFULLY
PURSUE THESE CLAIMS.
THESE ARE UNDER THE MONTREAL
CONVENTION FOR THE AIRLINE.
THAT WILL COVER THE CARRIER'S
LIABILITY.
OR SUPPORT A CASE AGAINST
BOEING.
EITHER WAY, THE FAMILIES WILL
GET COMPENSATION.
>> HOW MUCH DO YOU THINK?
I MEAN, YOU'RE FAMILIAR WITH
SIMILAR -- AND AGAIN, THIS IS
UNPRECEDENTED HERE.
BUT HOW MUCH?
>> WELL, IT REALLY DEPENDS ON
THE JURISDICTION.
THERE ARE AMERICANS ONBOARD,
PRESUMABLY THEY'LL BE ENTITLED
TO AN AMERICAN FORUM.
IN THE U.S.
WE HAVE A JURY SYSTEM THAT
COMPENSATES PEOPLE VERY
GENEROUSLY FOR LOSS.
IN DIFFERENT FOREIGN
JURISDIC
JURISDICTIONS, CASES ALL OVER
THE WORLD, THEY HAVE DIFFERENT
STANDARDS FOR COMPENSATION.
WE HAVE HAD SUCCESS EVEN, FOR
EXAMPLE, IN BRAZIL AND IN SPAIN.
THE RECOVERY SYSTEMS THERE CAN
MIRROR OR EVEN IN SOME INSTANCES
BE GREATER THAN EVEN IN THE
UNITED STATES.
SO, AGAIN, THAT'S GOING TO COME
OVER TIME.
IT WILL DEPEND WHETHER YOU'RE
GOING TO BE GOVERNED BY THE
TREATY, WHICH IS MALAYSIAN
AIRLINES, THE LIABILITY WILL BE
GOVERNED, OR WHETHER IT'S A
CIVIL SUIT AGAINST
MANUFACTURERS.