Liability Risk and Insurance
Top banks sued over apartheid
A large number of leading international banks and companies are being sued for their role in supporting apartheid. The New
York lawsuit is seeking punitive damages of around $100bn on behalf of thousands of black people who were discriminated against
and subjected to human rights abuses under the apartheid system in South Africa. The accusation is that the banks and companies
aided and abetted the apartheid regime. The apartheid reparations lawsuit is expected to last for a number of years.