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Japan nuclear crisis to trigger huge civil damages claims | Reuters

(Reuters) - Japan's nuclear crisis is likely to lead to one of the country's largest and most complex ever set of claims for civil damages, handing a huge bill to the fiscally strained government and debt-laden plant operator, Tokyo Electric Power Co.

Lawyers say the size of the claims could be the biggest in Japanese legal history and the lack of precedent for dealing with these incidents means it is still not clear how the claims will be handled.

"Potentially, this could be one of the largest civil claims historically in Japan because of the number of people affected," said George Gibson, a partner at law firm Norton Rose in Tokyo.

Japan's government expects the earthquake and tsunami to cost up to $300 billion in material damage, but the ultimate cost will be far bigger as economic activity shrinks due to power shortages and compensation claims mount.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Mon Apr 4th, 2011 at 11:10:43 AM EST

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