Insurance & Aviation

Insurance & Aviation

Our law firm enjoys particular expertise in Insurance & Aviation, in both transactional and regulatory matters, in national and cross-border projects.

Insurance

We advise insurers, reinsurers, intermediaries, financial institutions or operators on:

Regulatory aspects

  • Our team has strong expertise in transactions involving insurance and reinsurance companies. We assist on all regulatory aspects relevant in a transactional process (acquisition, merger, transfer of portfolio), including filings and interactions with the regulator.
  • We also advise on regulatory aspects throughout the authorization process and support clients on the day-to-day business of an insurance company, involving filings with the regulator and compliance with the regulatory requirements. We assist European insurers on their activity in Romania under the freedom of establishment or freedom to provide services rules.

Insurance & reinsurance

  • We advise on general insurance matters, providing tailored legal advice to insurance companies on both life and non-life insurance products. We have substantial experience working with reinsurers or pools of reinsurers in relation to coverage offered in Romania. We also assist reinsurers in case of losses occurred in Romania, including for settlement process or in litigations that may arise from claim settlement or otherwise linked to the insurance/reinsurance coverage.

Insurance mediation

  • Our expertise covers all aspects of insurance mediation (e.g. brokers, agents, bancassurance) and we provide legal advice either to insurance intermediaries or to insurance companies while entering into partnerships with intermediaries.

Private pensions

  • We have expertise on 2nd and 3rd pillar private pensions related matters and provide legal assistance to clients on regulatory issues regarding both the permitting process or day-to-day business and with transfer of portfolios or mergers.

Aviation

  • We advise on aviation finance, bills of sale, aircraft lease and related documents. We also advise on the creation of aircraft liens and perform formalities for aircraft mortgage registration or de-registration.
  • Together with our lawyers from the dispute resolution practice we assist on disputes related to the aviation legal regime or passengers’ claims.
Representative highlights:
  • Advising a leading French insurance company on the successful acquisition of three insurance companies in Romania followed by merger. Our lawyers conducted the entire legal process and were in charge of obtaining all the regulatory approvals for the transaction and the restructuring process.
  • Advising the subsidiary of an international group carrying on aviation related services in Romania on the employment issues associated to the termination of its activities in Romania.
  • Advising a leading insurance company on drafting and implementing a new collective bargaining agreement further to a change of control.
  • Advising an insurance company on its strategic partnership with the largest bank in Central and Eastern Europe, including the establishment of a bancassurance program.
  • Advising an insurance company on the transfer of its life and non-life insurance portfolio.
  • Advising a pool of reinsurers on the effects of the insolvency of the insurer and of one part of re-insurers on the liability of the national Romanian airline after an aircraft crash.
  • Advising an insurance broker on its day-to-day regulatory issues and contracts entered into with insurers.
  • Advising an airline, its insurer and reinsurers in connection with indemnification claims (in total amount of over EUR 30,000,000) filed by passengers following an aviation accident.
  • Advising a leading airline on the acquisition of aircrafts, including all formalities in order to effect full transfer of ownership and de-registration of liens.
  • Advising an airline carrier in relation to the sale of a hull salvage further to an aviation accident.