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Insurance

Russia

Whether you are an insurer, broker, reinsurer or insured party, you face an increasingly unpredictable world. From day-to-day operational matters to strategic planning, liability and disputes resolution, policy drafting, coverage and regulatory issues, your world is changing rapidly as tougher capital and risk requirements impact your business. With 100 specialist lawyers in 33 countries, we are attuned to your commercial interests and can protect them in your home market and across borders. Our approach is based on strong local legal knowledge delivered to you on a European-wide basis by experts who truly understand the insurance sector.

Many of our lawyers have worked in the insurance sector which means we understand the complexities of your markets. Whether you require guidance on claims, regulation policy drafting, wider business disputes, M&A, capital raisings and restructurings, cyber liability, HR, tax, real estate or commercial issues, our multi-disciplinary specialists can help you. We have a recognised domestic and cross-border track record of delivering for clients on the most complex transactional and advisory engagements in this sector. Equally, In the event of a domestic or cross-border insurance or reinsurance dispute, we can guide you through the disputes process, striving to secure the best business outcome.

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28 Oct 19
Do­ing busi­ness in Rus­sia 2019
09 Dec 19
Fines for breach of per­son­al data loc­al­isa­tion rules fi­nally ad­op­ted
The Pres­id­ent has signed a law* in­tro­du­cing fines for the breach of per­son­al data loc­al­isa­tion rules. The law is ef­fect­ive from 2 Decem­ber 2019. The law provides for fines ran­ging from RUB 1m (EUR...
24/05/2019
CMS Rus­sia earns 33 re­cog­ni­tions by Best Law­yers 2020
05 Nov 19
Whis­tleblow­ing Dir­ect­ive ad­op­ted by the EU Coun­cil
On 7 Oc­to­ber 2019, the EU Coun­cil ap­proved the word­ing of the "Dir­ect­ive of the European Par­lia­ment and of the Coun­cil on the pro­tec­tion of per­sons who re­port breaches of Uni­on law", also known as the...
15/02/2019
CMS Rus­sia part­ners Le­onid Zubar­ev and Max­im Boul­ba...
30 Sep 19
Rus­si­an draft law sets fines for per­son­al data breaches and in­ter­net...
On 10 Septem­ber 2019, the Rus­si­an State Duma ad­op­ted a bill* in­tro­du­cing fines for the breach of per­son­al data loc­al­isa­tion rules. The draft law went through the first of three hear­ings in the lower cham­ber...
08/2018
Law ad­op­ted for in­creas­ing min­im­um charter cap­it­al...
30 Aug 19
Rus­sia to en­force "Sov­er­eign In­ter­net" Law
On 1 Novem­ber 2019, the ma­jor­ity of the pro­vi­sions of the Sov­er­eign In­ter­net Law* will come in­to force in Rus­sia. The Law’s main goal is to cre­ate an autonom­ous sys­tem that can sup­port the op­er­a­tion...
06/2018
The law on counter-sanc­tions now in force
01 Aug 19
E-visas to be avail­able for St. Peters­burg and Len­in­grad Re­gion
From 1 Oc­to­ber 2019*, for­eign cit­izens will be able to enter Rus­sia with single-entry elec­tron­ic visas at bor­der con­trol posts loc­ated in Saint Peters­burg and the Len­in­grad Re­gion. With this type of...
CMS Ex­pert Guide to In­sur­ance
26 Jul 19
Di­git­al­isa­tion of the fin­an­cial sec­tor busi­ness: fin­an­cial ser­vices...
On 19 June 2019, the State Duma of the Rus­si­an Fed­er­a­tion ad­op­ted in the first read­ing a set of bills aimed at cre­at­ing and op­er­at­ing elec­tron­ic plat­forms (mar­ket­places) for the pro­vi­sion of bank­ing and...