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The “Data Transfers – Estonia” article has been updated
Our partner Mihkel Miidla, senior associate Liisa Maria Kuuskmaa, and associate Stella Victoria Ojala updated the article “Data Transfers – Estonia” published in OneTrust DataGuidance in June. According to Liisa Maria Kuuskmaa, the article is updated annually to reflect changes in legislation, new court and administrative practices, and other news in this field. Kuuskmaa believes […]
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How will the insurance sector be affected by the new Defence Fund package?
On 21 May 2024, the Defence Fund package was presented in Lithuania, to bring Lithuania’s defence spending up to 3% of GDP. The proposal outlined how the defence budget will be increased; several are related to the insurance sector. According to the information available to us, the Lithuanian Government is planning to discuss and debate […]
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European Legal update 20.02. – 05.03.
Assistant lawyer Nikola Cīparsone compiled the material. ESG Directive empowering consumers for the green transition and circular economy Adopted: 20 February 2024 The Council has adopted a directive aimed at empowering consumers to facilitate the shift towards sustainability. This new directive seeks to strengthen consumer rights by amending the unfair commercial practices directive (UCPD) and […]
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Group insurance contracts – still an attractive structure for business models?
Group (or “affinity”) insurance models are well-known and widely used in the Lithuanian insurance market. They are particularly popular in the case of travel insurance, payment protection insurance and purchase protection insurance products offered by banks along with credit cards. Group insurance contracts are also commonly used for personal accident and health insurance, which employers […]
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A fair settlement reached for If P&C Insurance
Sorainen’s team of lawyers successfully represented the insurance company If P&C Insurance AS in legal proceedings which involved complicated issues of insurance law, regulation of consumer rights, competition law, and the boundary between civil proceedings in court and supervision by supervisory authorities during administrative proceedings. The proceedings also involved a number of complex procedural issues, […]