The Dutch, German, Nordic and Norweigan chambers of commerce are pushing for an escrow provision in the Magna Carta bill for seafarers, signaling a growing support from foreign businesses for the inclusion of this safeguard in the proposed legislation.
The committee noted that the version of the proposed bill at the House of Representatives includes an escrow provision, citing it was designed to protect workers and employers from “ambulance chasers.”
These seafarers are persuaded to seek large monetary settlements by these “ambulance chasing” lawyers who ask for large percentages of the compensation that they will receive.
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