Advised BTA Insurance Company SE in sale of shares in BTA Baltic Insurance Company AAS, one of the leading insurance companies in the Baltics, to Vienna Insurance Group AG. We were involved in preparation of transaction documentation and negotiations.
Advising a client - Latvian Motor Insurers' Bureau on mitigation of potential risks derived from the landmark judgment of the Constitutional Court of Latvia. The Constitutional Court decided that there must be retroactive increase of the insurers' liability in obligatory insurance of the civil liability of the owners of motor vehicles. The judgment followed the interpretation of EU law, as given by CJEU in it's preliminary ruling. VILGERTS advised the client on compatibility of the judgment of the Constitutional Court with EU law and suggested preferred course of action to be used in the course of ongoing litigations.
Successfully defending If P&C Insurance AS against Kuehne + Nagel Latvia SIA regarding an insurance recourse claim worth EUR 1.1 Mio for careless handling of a container, which washed overboard.
Acting for If P&C Insurance AS in a marine insurance dispute with stevedoring company Liepājas Osta LM AS, worth EUR 1.3 Mio, arising from chartering a few years older ship than permitted by the insurance policy.
Defending If P&C Insurance AS Lithuania against a claim for EUR 0.12 Mio damages due to stolen cargo during carriage from Germany to Russia.
Acting on behalf of Fracht SIA in multijurisdictional litigation against a former shareholder and a transport company, which jointly performed illegal activities with the client’s property.
Advising Avtokraz, a party to Lithuania’s Ukio Bankas insolvency proceedings, regarding recovery of more than EUR 16 Mio from third parties including the Government of Lithuania and the auditor of the bank and its liability insurer. The case included work on possible BIT / ICSID arbitration.
Winning a landmark public procurement litigation for If P&C Insurance against the Latvian Parliament. It had wrongfully signed a health insurance procurement contract with Balta AAS despite client’s complaint before the Procurement Monitoring Bureau.
Assisting Marsh SIA, a global leader in insurance broking and risk management, by preparing a summary of Directors & Officers Liability Insurance policy terms with regard to insurance coverage, exemptions and obligation to notify insurer in relation to the risks insured.
Advising Latvian State Roads on using performance bonds, bid bonds, mother company sureties and other aspects of PPP for road construction project between Riga and Sigulda worth EUR 150 Mio.