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Mr. Clarke said the deal "involves no concession of liability" in respect of the torture accusations, and "no withdrawal of the allegations" made by the former detainees.
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In addition, Gallaher, Asda, First Quench, One Stop Stores, Somerfield and TM Retail received reductions in their fines because, following the OFT's initial report two years ago, they each admitted liability in respect of the infringements alleged against them and agreed to a streamlined procedure enabling parts of the case to be resolved more quickly, reducing the costs of the investigation.
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A fundamental principle of life insurance is to guarantee compensation for loss of income or liability in respect to an event that cannot be predicted with certainty.
In general, Czech penal theory recognizes certain classes of circumstances where criminal & civil liability will be excluded in respect of actions which would normally attract a criminal penalty.
It said: "On this occasion we asked specifically whether any contingent liabilities had been created in respect of assurances provided to Nissan and the Treasury declined to say".
Hammond said in a letter to Andrew Tyrie, the chair of the Treasury select committee, that "no new contingent liabilities have been created in respect of government reassurances provided to Nissan".
The OBR's economic outlook report, released alongside the mini-budget, revealed that the fiscal watchdog "asked specifically whether any contingent liabilities had been created in respect of assurances provided to Nissan" and that the Treasury declined to say.
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