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Insurance

Czech Republic

Insurers, reinsurers, and brokers face an increasingly unpredictable world, not least because of tougher capital and risk requirements impacting on your business. So you can be certain to meet these challenges successfully, you need advisors with specialist knowledge of your sector and a detailed understanding of the evolving regulatory framework.

CMS has helped major insurers establish and expand operations in Central and Eastern Europe. We are the market leader in M&A in the sector, offer dedicated regulatory expertise and have extensive experience from distribution of insurance products to defence of class action claims.

With over 100 insurance lawyers over 40 countries, we can protect your commercial interests in your home market and across borders. We provide advice based on strong local knowledge delivered on a Europe-wide basis by expert lawyers, many of whom have worked in the sector or for regulatory authorities.

We assist clients on the most complex transactional, advisory and contentious matters. A multi-disciplinary team advises on strategic as well as operational matters, liability and dispute resolution, policy drafting, coverage, regulatory issues, M&A, capital raising and restructurings, HR, tax, real estate and commercial issues.

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High­lights of our ex­per­i­ence in In­sur­ance in Czech...

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CMS Ex­pert Guide to In­sur­ance
16 Mar 20
European in­sur­ance re­cov­ery and res­ol­u­tion frame­work now an in­ev­it­ab­il­ity
For a long time, the in­sur­ance in­dustry has suc­cess­fully ral­lied against at­tempts to in­tro­duce a re­cov­ery and res­ol­u­tion re­gime sim­il­ar to the Bank Re­cov­ery and Res­ol­u­tion Dir­ect­ive (BRRD). However, EIOPA’s...
08/06/2015
CMS ad­vises Triglav in­sur­ance group on sale of Triglav...
28 Feb 20
UK/EU fin­an­cial ser­vices after Brexit -cross bor­der reg­u­la­tion after...
On 25 Feb­ru­ary, the Coun­cil of the EU pub­lished the fi­nal ver­sion of its ne­go­ti­at­ing man­date and, two days later, the UK gov­ern­ment set out its ap­proach to our fu­ture re­la­tion­ship with the EU. Ne­go­ti­ations...
30/06/2010
10 Things Every In­surer Should Know about West­ern Europe
24 Feb 20
In­sur­ance cloud out­sourcing: EIOPA pub­lishes new Guidelines 
EIOPA has pub­lished the fi­nal text of its Guidelines on out­sourcing to cloud ser­vice pro­viders (the “Guidelines”), fol­low­ing last year’s con­sulta­tion. The Guidelines provide guid­ance to in­surers...
28 Jan 20
Avi­ation claims: Po­ten­tial chal­lenge to concept of ac­ci­dent in the...
A re­cent Court of Justice of the European Uni­on (CJEU) de­cision in Decem­ber 2019 may give scope to chal­lenge the defin­i­tion and concept of the term “ac­ci­dent” with­in Chapter III - Art­icle 17 (1) of...
17 Jan 20
CJEU rules in­surers li­able for not in­form­ing life in­sur­ance policy...
The European Court of Justice (CJEU) was re­cently asked to rule on the EU­'s Solvency II Dir­ect­ive (and all earli­er le­gis­la­tions reg­u­lat­ing life in­sur­ance) re­gard­ing the can­cel­la­tion rights of in­sur­ance...
23 Dec 19
A new EU op­er­a­tion­al re­si­li­ence frame­work for cy­ber se­cur­ity?
Our re­cent Law-Now art­icle dis­cussed the FCA, PRA and Bank of Eng­land con­sulta­tions on im­prov­ing fin­an­cial sta­bil­ity in the UK mar­kets through op­er­a­tion­al re­si­li­ence. Con­tinu­ing this theme, but now from...
11 Dec 19
Czech leg­al loop­hole places in­solv­ent dir­ect­ors at risk
In the Czech Re­pub­lic, en­force­ment of claims against dir­ect­ors or oth­er cor­por­ate bod­ies by way of a form­al pro­ced­ure such as ex­e­cu­tion or dis­charge of debts is rarely dis­cussed, but ma­jor dif­fer­ences...
11 Dec 19
Should dir­ect­ors be loy­al to their com­pan­ies 24/7? Czech law and the...
Ima­gine a com­pany be­ing party to a lease con­tract with its dir­ect­or and the dir­ect­or (as a lessor) not be­ing paid rent by the com­pany as a less­ee. Then ima­gine this dir­ect­or with­draw­ing from the con­tract...
11 Dec 19
De­mer­ger of a busi­ness and the stat­utory guar­an­tee
When op­tim­iz­ing your busi­ness struc­ture, you may con­sider de­mer­ging cer­tain (non-core) activ­it­ies. While this may im­prove your bal­ance sheet and fin­an­cial per­form­ance of your (core) busi­ness, it is im­port­ant...