We are advising Gasgrid Finland Oy and Elering AS on obtaining insurance compensation for the damaged Balticconnector gas pipeline.
In October 2023, the Chinese vessel NewNew Polar Bear damaged the Balticconnector gas pipeline between Estonia and Finland. As a result, Finland’s gas connection with Europe was disrupted, causing approximately EUR 35 million in damage. We are helping to ensure our clients receive insurance compensation as quickly as possible for restoring the pipeline connection and covering the repair costs.
“This is a critical and significant case from a national security perspective, involving complex elements of insurance law,” says our senior associate Marcus Niin. According to him, the case also requires innovative solutions in order to obtain compensation from the liable parties, considering the wide range of responsible entities (ship owner, operator, insurer) across various jurisdictions, including the UK and China.
Our services and client team
We are advising clients on obtaining insurance compensation. Our client team is led by partner Carri Ginter and senior associate Marcus Niin.
