I would just let him take it with the $$$$in your pocket. I lived in Europe for 4 years, and if I remember correctly, the liability laws are quite different. Europeans aren't as litigious as we are here. You don't just sue anybody for any little thing. Lawsuits are rare as the plaintiff must foot all the bills in bringing suit, and if he loses, pays ALL costs. Therefore, it just isn't that common an occurance. That's how it was explained to me by a German lawyer friend some 10 years ago. I don't think much has changed, so give him the title and Tot siens.
Cheers, Jeff