Legal risk definition

Legal risk means the risk arising from the application of law or regulation, usually resulting in a loss;
Legal risk means a status of a child in which the sever- ance of the legal rights of the child’s birth parents through a ter- mination of parental rights proceeding under the laws of the state
Legal risk means the status of a child who has a permanency plan that includes adoption when the parental rights of one or both of the child’s parents have not been not been terminated under the laws of a state or tribe or when a court order terminating parental rights is being appealed.

More Definitions of Legal risk

Legal risk means risk of loss caused by from violation or non-adherence to the laws and bylaws, agreements, prescribed practices, ethics standards, or as a result of misinterpretation of the regulations, rules, agreements and other legal documents.
Legal risk means the risk arising from an insurer’s failure to
Legal risk means a risk of the unexpected application of a law or regulation usually resulting in a loss and can also arise if the application of relevant laws is uncertain.
Legal risk means a risk due to the fact that markets are subject to ongoing and substantial regulatory changes. It is impossible to predict what statutory, administrative or exchange changes may occur in the future or what impact such changes may have on your investment results. For example, off‐exchange transactions may be less regulated or subject to a separate regulatory regime. Before you undertake such transactions, you should familiarise yourself with the applicable rules and attendant risks.
Legal risk means the risk of losses, including, but not limited to, expenses, fines, penalties or punitive damages, which an institution may incur as a consequence of events that result in legal proceedings, including the following:
Legal risk means the risk arising from the failure of a parent or any member of the insurance group to—
Legal risk means losses, including expenses, fines, penalties or punitive damages, caused by events that result in legal proceedings, including the following: