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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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11 June 2021
EDPB is­sues Re­com­mend­a­tion on cred­it card data stor­age for one-click pay­ments
The European Data Pro­tec­tion Board (EDPB) has ad­op­ted a new re­com­mend­a­tion on the leg­al basis for the stor­age of cred­it card data by e-com­merce mer­chants for the pur­pose of one-click pay­ment of fur­ther...
01 June 2021
Some leaks can­'t be fixed
“Con­fid­en­tial in­form­a­tion is like an ice cube... give it to the party who has no re­fri­ger­at­or or will not agree to keep it in one, and by the time of the tri­al you have just a pool of wa­ter.” This...
26 May 2021
Rus­si­an gov­ern­ment re­stricts pro­vi­sion of in­form­a­tion to for­eign aud­it­ors
Rus­si­an busi­nesses are now re­stric­ted in provid­ing in­form­a­tion and doc­u­ments to for­eign aud­it­ors or audit­ing com­pan­ies un­der Gov­ern­ment De­cree No. 622* that came in­to force on 29 April 2021. The changes...
27 April 2021
Life in­sur­ance in Rus­sia. Chal­lenges and op­por­tun­it­ies
As­so­ci­ation of European Busi­nesses is pleased to in­vite you to the In­sur­ance and Pen­sions Com­mit­tee’s open event "Life in­sur­ance in Rus­sia. Chal­lenges and op­por­tun­it­ies" de­voted to the leg­al and prac­tic­al...
26 March 2021
Oil & Gas / Ship­ping – The Ever Giv­en
The Suez Canal opened in 1869. Along with the Panama Canal, it is one of the most im­port­ant mari­time “short­cuts” ever built. Today, the canal is 193km (120 miles) long and is one of the busiest wa­ter­ways...
04 February 2021
Law and reg­u­la­tion of force ma­jeure in Rus­sia
1. Is there le­gis­la­tion on force ma­jeure in your law sys­tem? Yes, Rus­si­an law re­cog­nises the concept of force ma­jeure. 2. If so, what is the text of the force ma­jeure clause in your civil code? Ac­cord­ing...
27 January 2021
Most awaited leg­al de­vel­op­ments of 2021
CMS Rus­sia ex­perts have pre­pared their an­nu­al se­lec­tion of the most awaited leg­al de­vel­op­ments in Rus­sia in 2021.You can read de­tailed art­icles and re­com­mend­a­tions by our ex­perts on the forth­com­ing changes...
22 January 2021
EDPB is­sues draft guidelines for data breach no­ti­fic­a­tions
Fur­ther to the GDPR re­quire­ment for re­port­ing per­son­al data breaches to the com­pet­ent data pro­tec­tion au­thor­ity and, in cer­tain cases, to af­fected in­di­vidu­als, the European Data Pro­tec­tion Board (EDPB)...
19 January 2021
New GDPR strategy to tackle new tech­no­logy, data se­cur­ity, in­ter­na­tion­al...
The European Data Pro­tec­tion Board (EDPB) pub­lished its GDPR Strategy 2021-2023 on 5 Janu­ary 2021, set­ting out four main pil­lars and key ac­tions, which in­clude: Pil­lar 1: Ad­van­cing har­mon­isa­tion and...
13 January 2021
Bel­gian trans­ition­al re­gime for the UK in­sur­ance in­dustry
On 1 Janu­ary 2021, the Brexit trans­ition peri­od came to an end and the United King­dom (“UK”) of­fi­cially left the European Uni­on. The UK can now no longer en­joy the be­ne­fits of the in­tern­al mar­ket...
05 January 2021
PRICL - a game changer in the re­in­sur­ance world?
Al­though the “club at­mo­sphere” around re­in­sur­ance has been dis­turbed in re­cent years due to a surge in re­in­sur­ance dis­putes and the reg­u­lat­or’s en­hanced ini­ti­at­ives to boost con­tract cer­tainty1...
29 December 2020
Rus­sia ad­opts bill strength­en­ing Cent­ral Bank’s con­trol powers
On 16 Decem­ber 2020, the State Duma ad­op­ted a bill* after the third read­ing that cla­ri­fies powers of the Bank of Rus­sia and strengthens its con­trol over fin­an­cial mar­ket or­gan­isa­tions, in­clud­ing in­surers...