Our lawyers have been involved in the development of the insurance industry in Romania and have been involved in multiple projects. Such projects include

    • Acting for investors on incorporation of a Romanian insurance company including all regulatory advice.
    • Assisting in negotiations with Romanian Financial Services Agency.
    • Setting up a Romanian private Pension company.
    • Representing directors of Romanian insurance companies before the Romanian Insurance Regulator and in subsequent court proceedings.
    • Liaising between client and Romanian Insurance Regulator on requirements under Romanian law and observing the regulations.
    • Advising on sale of Romanian pension company to international investor.
    • Advising international insurance company in respect of sale of policies in Romania.
    • Assisting on restructuring of Insurance company in Romania.
    • Advising local insurance brokerage house in relation to required legislation.
    • Acting on sale of pension policies issued in accordance with the Romanian legislation.
    • Reviewing insurance requirements and insurance policies in respect of aircraft insurance by local carrier.
    • Legal Assistance and advice to French insurance company in respect of claims made on property fire damage to Romanian properties.
    • Advising and representing for a former employee of a major insurance company regarding proceedings against the local regulator.
    • Acting for employee of insurance company in respect of issues with the Romanian insurance regulator including direct discussions and successfully defending proceedings.
    • Reviewing insurance requirements in respect of banking and security documentation.
    • Acting for local pension company in relation to transfer of clients from another insurance company and consolidation.
    • Acting for insurance company in relation to administrative matters and correspondence with the insurance commission.
    • Acting for prospective investor in acquisition of shares in Romanian insurance company including documentary legal due diligence and review of re-insurance contracts.
    • Advising local insurance broker as to requirements of relevant legislation and requirements of the insurance supervisory commission.
    • Acting for international aircraft lessor in relation to leasing to a local flag carrier airline including reviewing insurance requirements and policy documentation.
    • Acting for major financiers and credit insurance companies in relation to loans made to Governmental institutions.
    • Advising potential investors in relation to the incorporation and setting up of both general and life insurance companies in Romania including negotiations with the supervisory commission.
    • Acting for international re-insurance company in relation to recovery of debts from previous state insurance companies.
    • Acting for international insurance company regarding the regulations and approvals required under Romanian insurance law as well as claims handling and payments in Romania.

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