Insurance

Recently enacted new insurance legislation has spurred the evolution of the insurance industry and spawned the demand for high-quality legal advice. We have had the chance to pioneer the practical implementation of the new rules concerning acquisition of qualified shareholdings in insurance companies, licensing of life and non-life insurance, portfolio transfer and reinsurance. At an earlier stage, our lawyers pioneered structuring of first BBB (bankers blanket bond) in Moldova.

Our lawyers assisted reputable multinational insurance operators in assessing the legal framework, including on the cross-border and non-admitted insurance matters, and advised in structuring and performing one of the highest profile M&A projects in Moldova.

Under the new legislation the insurance companies face the increasing minimum equity requirements and we have helped in complying with those requirements and preventing the license withdrawal. Our corporate governance expertise (our Managing Partners formerly served as Board member in a Moldovan insurance company) proved helpful to the clients in insurance business to set or enhance their internal standards, achieving the compliance with legal requirements and industry standards.