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Insurance Law, Latvia

Introduction

In the wake of world financial crisis, insurance industry faces a number of challenges.  As insurers both domestically and internationally seek to maintain and extend customer base, they also realize the importance of managing multiple risks inherent in new products and services, whilst adjusting to the realities of new regulatory environment. 

Within our law firm, we not only read insurance policies, we help our clients create them.  We have been at the forefront of Latvian insurance industry and count the largest domestic insurance company among our clients. 

We strive to adjust our services to the contemporary challenges, objectives and innovations of the insurance industry.  We have advised a variety of clients on both routine insurance operations and extraordinary strategic projects. 

We have in-depth expertise in handling disputes involving complex insurance and reinsurance issues, some of which involved international aspects.   

Services

Our principal practice areas within insurance law include:

  • Drafting and negotiation support with respect to marine, fire, life and accident, and other type insurance contracts
  • Directors and officers liability insurance issues
  • Legal advice on insured risks, insurance claims, insurance indemnity and subrogation claims
  • Insurance and reinsurance litigation and dispute resolution 

Our Experience

We pride ourselves in having represented or advised our clients on a number of significant events and transactions involving insurance law issues.  Our track record includes, among others, the following landmark events and transactions:

We advised one of the largest global risk management, insurance and reinsurance brokerage service companies on competition law related matters.

We provided legal counselling to one of the leading global insurance groups on personal data protection issues.
We provided instrumental legal advice to a leading international insurance group in its acquisition in Latvia.

Our lawyers advised a leading Latvian insurance company in several employment matters in the course of legal proceedings before a local court.

We advised a leading Latvian insurance company on matters related to preparation of annual accounts and rendered drafting, negotiation and closure support with respect to a set of commercial agreements.

Our attorneys represent one of the key insurance companies in Latvia in several court proceedings initiated by insured persons to claim insurance indemnity.

Agris Bitāns

  • Managing Partner
  • +371 6728 0102
  • E-mail