Practices:

BGP Litigation is one of a few law firms specialising in counselling insurance industry players, including the biggest Russian and foreign insurance companies, reinsurance companies, investment companies, banks and sovereign funds. BGP Litigation lawyers also provide legal support to companies in various trades that, during their current activities, face challenges related to insurance issues.

The lawyers provide support to insurance companies and their clients under sanctions, counsel on transport insurance (including aviation liability insurance and third-party liability insurance) and freight insurance, on transactions with insurance company assets, and insurance payments for businesses.

On the basis of the priority of a peaceful resolution to conflict situations, BGP Litigation experts select the optimum solution for legal issues faced by insurers, policyholders and other market players. The lawyers allow for all risks considering recent trends in law enforcement and legislative changes, and represent companies in court in insurance disputes, as well.

Owing to the multi-service model of the firm, BGP Litigation lawyers can quickly call in transport, customs, tax, criminal, sanctions, employment and other experts needed for resolving insurance issues. This makes possible a comprehensive approach to the client’s issue.

We advised:

A Major Russian Insurance Company

on the EU’s blocking sanctions list, regarding contestation of sanctions in the EU court and obtaining licences from EU member states, Switzerland and the United Kingdom

A Major Russian Insurance Company

on obtaining three licences from competent EU authorities to enable compensation in the form of a portion of reinsurance premiums due to termination of contractual obligations with reinsurers that were unable to fulfil their commitments to clients due to sanctions

A Major Russian Insurance Company

in preparing a memorandum on the feasibility of accepting goods and services from foreign suppliers in Kazakhstan, Uzbekistan, Kyrgyzstan, Armenia and the UAE

A Major Russian Insurance Company

in preparing a legal opinion on use of electronic payment systems in a transaction involving sale of 51% of the shares in an insurance company to a gas extraction corporation

A Major Metallurgical Company in Kazakhstan

in a dispute with a pool of more than ten reinsurers regarding payment of insurance compensation of over USD 80 mln for multiple major accidents at a plant (the dispute was resolved through a settlement agreement and partial insurance compensation payment)

A Private Russian Investor

on the tax and currency implications of acquiring a structured insurance product and transferring a securities portfolio to a foreign insurance organisation for management

A Major Private Heat Generation Company

in negotiations with an insurance company on the insurance compensation sum for production downtime caused by equipment failure at a thermal power station

A Leading Russian Automotive Business

on obtaining Bank of Russia approval for a transaction involving acquisition of 100% of the shares in the authorised capital of an insurance company

A Major Russian Insurance Company

in concluding the first agreements on the insurance market for joint activities in the field of voluntary medical insurance with a key market player, including approval by the Federal Antimonopoly Service of Russia (FAS)

A Major Russian Insurance Company

regarding the prospects for a client’s claims (RUB 1.5 bln) to be satisfied as a creditor in the bankruptcy of a major Russian bank and preparation of a strategy for managing the debt

One of the World’s Biggest Aircraft Lessors

in matters related to insurance of a civil aircraft operated by a Russian airline, including analysing the aircraft lease for compliance with Russian insurance law and reviewing insurance certificates and agreements between the airline and the Russian insurance company, as well as between the airline and a foreign reinsurance company

A Major Russian Insurance Company

regarding an accident at a hydroelectric power station, including legal interpretation of the actions of the insured and the contractor, considering the energy law and regional legislative frameworks, and analysis of corporate and contractual arrangements

A Major English Insurance Company

on insurance law matters, including responses to lessor requests for information on reinsurance agreements, due to a Russian company’s refusal to return equipment to lessors their leasing agreements were terminated in response to countermeasures

A German Holding Company

on supply to Germany and insurance of goods for resale purposes, considering applicable sanctions and the risk of customs seizure of goods by EU authorities during export from Russia

The Family Office of a Russian Billionaire

on insurance of a superyacht, considering sanctions-related risks, including drafting the insurance agreement and a brokerage agreement for yacht management, and analysing the documentation required for insurance purposes

Team

Irina Akimova
Partner, attorney, member of the General Council of the Association of Antimonopoly Experts — Competition law