The Deputy Secretary-General Professor Anna Veneziano represented UNIDROIT at the 12th Workshop of the project Group on “Principles of Reinsurance Contract Law” (PRICL), which was held on 12-14 July 2023 in Hamburg, at the premises of the Max-Planck-Institute for Comparative and International Private Law. The Workshop, jointly organised by the Universities of Zurich and Frankfurt a.M. and by the Max-Planck-Institute, finalised the discussions on the Period of reinsurance contract, the Back-to-back clause, and rules on retention. It also addressed the remaining steps for the finalisation of the PRICL, which are expected to be approved in 2024, as well as the possibility of open consultations, and possible structures for the future of the project and the implementation of the Principles.
The Workshop was dedicated to the memory of the late Professor Jürgen Basedow, who was the original organiser of the 12th meeting of the PRICL Group.
For more information on the PRICL: https://www.unidroit.org/work-in-progress/reinsurance-contracts/