The Member State or the competent authority may be subrogated to the rights of the person compensated for the amount of the compensation paid. |
If the guarantee were to be called in, the Company would be subrogated to the rights of CIBC and benefit from the same security. |
It is conceivable that damages beyond the subrogated damages might be found to be too remote or to be non compensable pure economic loss. |
To the extent of the payment made to the employee, the Crown is subrogated to any rights the employee has against the bankrupt employer and any directors of the corporation. |
Article 15 was intended to provide a mechanism by which the subrogated party could have its name put on the register in place of the original creditor if it so wished. |
The last branch of the definition is of importance where a third party is subrogated to the original surety's rights. |