Nuclear Accident Liability Regulation Requires Insurance for Nuclear Operators and Transporters

Editorial Team

The President has issued Regulation No. 74 of 2012 on Nuclear Damage Liability (“Regulation“). The Regulation addresses two main issues that arise in the event of a nuclear accident. First, it sets out the maximum amount of damages that the nuclear energy related businesses would have to pay. Second, the Regulation stipulates an obligation that businesses obtain insurance or other financial guarantee to ensure that damages are paid. 

The Regulation applies to natural and legal persons (private and government owned) whose businesses relate to one of the following categories of nuclear energy related activity (Art. 1 (1) and (8)):