Insurance
Our firm provides a wide range of legal services to Hungarian and foreign insurance companies, and over the years has gained extensive experience in insurance-related litigation, corporate governance, compliance and regulatory matters.
We have acted on numerous occasions in insurance-related damages disputes, representing both insured parties and major insurance companies. We keep in mind that such matters require close cooperation among the insured, the insurer and the injured party, and that the parties will typically seek to reach a reasonable settlement.
As the exclusive Hungarian member of the Harmonie Group, an international network of insurance litigation specialists, our lawyers regularly work alongside foreign counsels in cross-border disputes. This enables us to acquire the experience and know-how necessary to maintain an up-to-date understanding of international insurance practices.
Services
We offer a full scale of services in the area of Insurance, including:
- representation of insurers in high-value damages litigation
- representation of insured parties in disputes arising from insured events
- insurance regulatory advice
- legal advice and representation in obtaining regulatory approvals from the Hungarian National Bank
- conducting compliance audits
- legal advice and active involvement in the preparation and documentation of corporate governance acts (general meetings, supervisory board and board of directors’ meetings)
- full-scope transactional advice throughout the M&A process of buying or selling an insurance company
- legal advice in strategic matters between an insurer and its partners
- legal advice on competition law issues affecting the insurance sector
- legal advice and documentation in the review of internal policies and bylaws.
Contact
Examples from our
track record
We conducted a comprehensive compliance audit for an insurance company.
Legal advice in a licensing procedure before the Hungarian National Bank.
We chaired and documented several general meetings of an insurance company.
We provided corporate governance advice and documentation in connection with meetings of an insurance company’s board of directors and supervisory board.
We provided comprehensive transactional legal advice on the sale of a foreign-owned insurance company.
We represented an insurer in dispute-resolution proceedings concerning a fire incident of several million US dollars and successfully negotiated a settlement.
We represented an insurance company in litigation arising from an insured event.
We acted as an expert witness on Hungarian law before the High Court in London in an export credit insurance matter involving Hungarian law.
Legal advice in connection with the review of an insurance company’s internal policies.
Representation in litigation arising from damages and insurance claims related to an aircraft crash.
Practice areas
Special knowledge and experience
