Robert Elms, a transplant surgeon at the Royal Liverpool Hospital, believes the principle of compensation would be more acceptable to many than payment.

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" A joint statement with GM on Wednesday said, "Renault and Nissan consider that the principle of compensation is contrary to the spirit of any successful alliance.

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It will be better for the US to realise that the principle of compensation is inevitable - and negotiate a limit on Loss and Damage rather than leave the liability unlimited.

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In principle, a firm may minimize the conflicts of interest by a range of compensation and through reputational and monitoring devices.

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