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We are representing Ecoservice during an insurance dispute
We are representing Ecoservice UAB (“Ecoservice”), a Lithuanian environmental services company and a subsidiary of AS Eco Baltia, during a dispute with Compensa Vienna Insurance Group ADB (Latvian branch) regarding an insurance claim following a fire at Ecoservice’s waste-sorting centre in Vilnius in August 2023. About the case The fire caused significant damage, and Ecoservice […]
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Marcus Niin was appointed as the insurance conciliator of the Estonian Insurance Association
The Estonian Insurance Association appointed our senior associate Marcus Niin as the conciliator of the insurance conciliation body. His term begins on October 1, 2024, and lasts five years. “An insurance conciliator is an independent and impartial expert in insurance disputes. The conciliator aims to help resolve disputes between the insurer and the insured. The […]
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We are advising Finnish and Estonian energy companies on obtaining insurance compensation as a result of the damage to the Balticconnector gas pipeline
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 […]
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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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Batic Business Quarterly: Green bonds for implementing sustainable projects
Green bonds for implementing sustainable projects Green bonds are essential for sustainable financing, and Europe is ahead of many other regions in the world in green bond issuance. At the moment, it accounts for roughly half of the global volume. In recent years, the volume of green bonds issued in Europe has fluctuated around half […]