Nuclear facility operators have unlimited liability
Under the Nuclear Liability Act (484/1972), the operators of nuclear facilities located in Finland have unlimited liability for damage caused to third parties in Finland.
For damage occurring outside Finland, a facility operator’s maximum liability amounts to 600 million International Monetary Fund (IMF) Special Drawing Rights, which corresponds to approximately EUR 700 million. Facility operators must take out insurance that covers the maximum liability.
Finland is a party to international agreements according to which the contracting countries agree to compensate for damage exceeding the maximum level of the facility operator’s liability. According to these agreements, damage shall be further compensated to a maximum of 125 million Special Drawing Rights (approx. EUR 146 million).
Finnish injured parties can also receive compensation for damage caused by a nuclear facility situated outside Finland, provided that the plant is located in a country adhering to the above-mentioned agreements.
Besides Finland, these countries include Sweden, Norway, Denmark, the Netherlands, Great Britain, Belgium, France, Germany, Spain, Portugal, Italy, Greece, Turkey, Slovenia, Bulgaria, Cameroon, Chile, Croatia, the Czech Republic, Egypt, Estonia, Latvia, Lithuania, Hungary, Poland, Romania, Slovakia, Ukraine, and St. Vincent and the Grenadines.
Further information: netta.skon(at)tem.fi