2008 Société Générale trading loss on January 28, 2008 with abuse of confidence and illegal access to computers. He was released from custody a short time after. The charges filed carry a maximum three-year prison term. On January 29, 2008 investigating judges Renaud van Ryumbecke and Francoise Desset had rejected prosecutor Jean-Claude Marin's bid to charge Kerviel with the more serious crime of "attempted fraud" and refuse bail. Société Générale characterizes Kerviel as a rogue trader and claims Kerviel worked these trades alone, and without its authorization. Kerviel, in turn, told investigators that such practices are widespread and that getting a profit makes the hierarchy
Product liability in the Republic of Ireland Product liability in the Republic of Ireland Irish law on product liability was for most of its history based solely on negligence. With the Liability for Defective Products Act, 1991 it has now also the benefit of a statutory, strict liability regime. The Liability for Defective Products Act, 1991 was enacted pursuant to the EC Directive on Product Liability 85/374/EEC. Under the Act, a producer shall be strictly liable for damages in tort for damage (either to property or an individual) caused wholly or partly by a defect in his product . Under the terms of the Act a producer