INSURANCE

THE "INSURANCE" PRACTICE TEAM HAS A UNIQUE EXPERIENCE IN REPRESENTING THE INTERESTS OF INSURERS AND INSURANTS IN ARBITRATION COURTS, INTERNATIONAL ARBITRATION COURTS, IN PREPARING A VARIETY OF LEGAL OPINIONS ON AMBIGUOUS PROVISIONS OF INSURANCE LEGISLATION.

INSURANCE

The "Insurance" practice team has a unique experience in representing the interests of insurers and insurants in arbitration courts, international arbitration courts, in preparing a variety of legal opinions on ambiguous provisions of insurance legislation.
  • PRAVO.RU-300 2019-2022
    Group I: Insurance Law
  • KOMMERSANT 2022
    #3 on market: Insurance Law
Special features of the business were studied by our team both on the part of an insurer and a policyholder and from the position of an insurance broker and a reinsurer. For precisely this reason, we know that preventing conflict is the most effective means of dispute resolution. As preventive measures, we offer and carry out legal due diligence of the company's current model for identifying and settling losses, we propose changes in the system of interaction between the parties, we make appropriate amendments to contracts and insurance regulations, and we also act as mediators in difficult situations.

If any dispute arises and fails to be settled through a pre-trial process, we work to the highest standards with expert organizations to prepare legal positions and effective protection in court.

A particular area of focus of our work is insurance of credit risks. We have unique experience and skills in this area, which allow us to achieve the best possible results for our clients. We are proud that our work contributes to improving the existing jurisprudence in disputes relating to insurance of credit risks.
"WE ARE PROUD THAT OUR WORK LEADS TO THE IMPROVEMENT OF THE EXISTING JUDICIAL PRACTICE IN THE INSURANCE INDUSTRY"
SERGEY KOVALEV
Managing partner, attorney-at-law, PhD, Head of "Insurance" practice team
"WE ARE PROUD THAT OUR WORK LEADS TO THE IMPROVEMENT OF THE EXISTING JUDICIAL PRACTICE IN THE INSURANCE INDUSTRY"
SERGEY KOVALEV
Managing partner, attorney-at-law, PhD, Head of "Insurance" practice team
The specifics of the business was examined by the law office team on the part of the insurer and the insurant. Naturally, prevention of conflict situations is the most effective way to satisfy the customer. We offer legal audit of contracts and insurance regulations as preventive measures. This analysis allows to identify faults or discrepancies which in the future will become the basis of conflict, which is harmful to business reputation of the insurance company and financial expectations of the insurant.
If the parties already have difficulties, our team is ready to provide assistance in preparation of position and participation in negotiation, mediation. The position is prepared based not only on the detailed analysis of legislation and case history but also on understanding exactly how insurance mechanisms work.
Of course, if the conflict is inevitable it is better to resolve it for your own benefit. Our clients effectively protect their interests in court using our experience and skills. We provide legal assistance in state courts throughout Russia, as well as in international commercial arbitration courts around the world.
INSURANCE TYPES IN WHICH WE HAVE AN EXTENSIVE EXPERIENCE INCLUDE THE FOLLOWING:
• CREDIT RISK INSURANCE (TCI);
• BUSINESS INTERRUPTION INSURANCE (BI);
• DIRECTORS AND OFFICERS LIABILITY INSURANCE (D&O).

WE ARE TRUSTED TO CONDUCT PROCEEDINGS:

SELECTED EXPERIENCE

    • Advice for an insurance company with regard to a conflict arising from refusal to pay out rub 1 billion to an insurant. Successful resolution of a dispute through the pre-trial process.
    • Settlement of the dispute worth more than rub 1.2 billion in favor of the insurer through the pre-trial process.
    • Protection of the interests of an insurance company in the bankruptcy proceedings of the insurant's counterparty for the amount of over rub 800 million. Preparation of a legal opinion with regard to insurer's recommendations on how to minimize losses.
    • Successful protection of German insurance companies from claims raised by insurants who were refused payout of insurance indemnity for a total amount of over rub 300 million.
    • Preparation of a legal opinion with regard to insurer's recommendations on how to minimize losses.

Key Contacts

Key Contacts

  • Mr. Sergey Kovalev
    Managing Partner, PhD in Law, Attorney-at-law

    Sergey is a recognized practitioner with vast experience in the areas of dispute resolution, bankruptcy and distressed assets recovery in Russia.
    s.kovalev@ktaplaw.ru
    CV
  • Mr. Dmitry Tugushi
    Senior Partner, Attorney-at-law

    Dmitry has more than 20 years of experience in dispute resolution focusing on complex corporate disputes and construction disputes.

    d.tugushi@ktaplaw.ru
    CV

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