Our Insurance and Pensions Capabilities

Our Insurance and Pensions Capabilities
Our regulatory expertise in insurance is particularly strong. We are one of the few local law firms to offer top class multi-disciplinary capabilities specific to the financial sector, regularly assisting on projects in the insurance industry. Our team combines years of experience in the domestic and international insurance arena with a broad range of capabilities, having assisted on some of the most noteworthy transactions in the industry.
Our lawyers have the expertise and necessary understanding to provide commercially oriented advice on the ever evolving and highly regulated insurance sector.
The members of our team have been involved in a large number of significant transactions, which include assistance to:
■ a top leasing company in connection with the review of contractual documentation from the perspective of the applicable insurance legislation.
■ a leading leasing company in connection with the feasibility of certain profit-sharing mechanisms under the applicable insurance legislation.
■ one of the largest insurance companies in connection with certain Romanian law matters related to the transfer of an insurance portfolio.
■ one of the largest general insurance companies in Romania in connection with various legal matters related to the asset review and stress test exercise carried out by the Financial Supervisory Authority, as well as to the reinsurance program of the company.
■ one of the leading international providers of insurance and risk management services in connection to its entry in the Romanian market via the acquisition of a broker insurance company.
■ a financial organization specializing in payment solutions and consumer credit in connection with certain matters covering the credit insurance taken in connection with the ongoing partnership with a French company specializing in consumer credit, online credit and credit cards related to consumer credit activities.
■ a French insurance group, with various insurance regulatory aspects.
■ a group of reinsurers in connection with the payment of an insurance indemnity to the insured party under the existing reinsurance agreements in connection with an aviation incident.
■ a leading insurance group in CEE in connection with a contemplated restructuring of their private pension activity also affecting Romania, via correspondence on this topic with the relevant Romanian supervisory authority.
■ a European insurance group in connection with various corporate and regulatory issues pertaining to the contemplated integration of certain functions of several insurance companies within the European Union, part of the group, for cost optimization purposes.
■ the Austrian subsidiary of a leading insurance group in CEE in relation to the acquisition of a minority package of approximately 16% in the Romanian subsidiary of the same insurance group from another Romanian company.
■ a leading insurance group in Central & Eastern Europe in connection with the share capital increase in a Romanian insurance company by swap of debt into equity, as well as for obtaining the approvals from the Romanian insurance regulator.
■ a leading insurance group in Central & Eastern Europe on the intended acquisition of 100% direct and indirect shareholding in a Romanian insurance company, from an Austrian company.
■ a leading insurance group in CEE on the acquisition of majority stakes in two insurance companies in Romania.
■ a leading insurance group in CEE on the transfer of shares in a leading Romanian insurance company from an Austrian company.
■ a joint venture of two leading European insurance companies in the process of approval, initiation and successful completion of a mandatory take-over offer targeting the minority-held shares of a Romanian insurance company. This was the largest mandatory take over performed in Romania in 2009.
■ a leading insurance group in CEE, as a majority shareholder of a Romanian insurance company, in order to initiate and conduct a squeeze-out procedure, followed by the delisting of its shares from the regulated market of the Bucharest Stock Exchange.
■ a leading Romanian insurance company in connection with its corporate and workforce restructuring, including the performance of collective redundancies, negotiations with the labor unions and agreements on compensatory packages, as well as for the negotiation of the collective bargaining agreement with the company’s labor unions, procurement of the necessary approvals from the Romanian insurance supervisor.
■ a major French credit institution regarding the contemplated consolidation of its CEE entities active in the area of consumer finance, including distribution of certain related insurance products.
CONTACTS
Simona Petrisor
Partner
+40 31 224 8400
Diana Ispas
Partner
+40 31 224 8400
CONTACTS
Simona Petrisor
Partner
+40 31 224 8400
Diana Ispas
Partner
+40 31 224 8400