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Insurance

Serbia

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 39 countries, we are attuned to your commercial interests and can protect them in your home market and across borders.

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 or other 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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14 March 2018
CMS Ex­pert Guide to In­sur­ance
This leg­al doc­u­ment is com­par­ing and con­trast­ing ten key in­sur­ance is­sues across some of the jur­is­dic­tions in which we op­er­ate.
15 April 2020
When an M&A deal is stuck by the pan­dem­ic - is MAC clause use­ful?
M&A trans­ac­tions, in most cases, re­quire a cer­tain peri­od between sign­ing and clos­ing when the parties ob­tain ap­provals from au­thor­it­ies, sellers can se­cure fin­an­cing or try to re­solve prob­lems, etc....
23 March 2020
Ser­bi­an court sys­tem ad­opts meas­ures in re­sponse to COV­ID-19 pan­dem­ic
As with most coun­tries, Ser­bia has in­tro­duced vari­ous meas­ures for com­bat­ing the COV­ID-19 pan­dem­ic, in­clud­ing im­ple­ment­ing changes to the op­er­a­tion of the Ser­bi­an court sys­tem. These changes, which...
16 March 2020
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...
28 February 2020
UK/EU fin­an­cial ser­vices after Brexit -cross bor­der reg­u­la­tion after the...
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...
24 February 2020
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 January 2020
Avi­ation claims: Po­ten­tial chal­lenge to concept of ac­ci­dent in the Montreal...
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...
23 January 2020
New Ser­bi­an law eases par­ti­cip­a­tion in pub­lic pro­cure­ment
As a res­ult of the Pub­lic Pro­cure­ment Act (PPA) that be­came ef­fect­ive in the New Year, life should be easi­er for eco­nom­ic op­er­at­ors tak­ing part in pub­lic pro­cure­ment pro­ced­ures. In­stead of col­lect­ing...
17 January 2020
CJEU rules in­surers li­able for not in­form­ing life in­sur­ance policy hold­ers...
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 December 2019
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...
15 November 2019
Brexit and data pro­tec­tion: what to do next (when you don’t know what’s...
Whilst the threat of a no-deal Brexit has been aver­ted for now, the fu­ture is by no means cer­tain. We have high­lighted some of the key is­sues for UK-based or­gan­isa­tions, and the EEA or­gan­isa­tions that...
05 November 2019
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...