We advised Liberty Mutual Surety, one of the world’s largest insurance companies, on structuring the business model, insurance products, insurance terms and conditions, and the provision of surety insurance services in Lithuania. Operating since 1912 and headquartered in Boston, USA, Liberty Mutual is the fifth-largest insurer in the world as of 2022, based on the […]
On 28 March 2023, the Bank of Lithuania published a report on consumer disputes (the Report). In this Report, the Bank of Lithuania provided recommendations and guidelines for insurers that provide insurance services to consumers in Lithuania. The Report aims to ensure that insurers comply with legal regulations and follow best practices to prevent consumer […]
We assisted asset management group Invalda INVL in completing the acquisition of Mandatum Life’s Baltic insurance business. Mandatum Life is one of Finland’s largest life insurance companies, which also operates in the Baltics through branch operations across Lithuania, Latvia, and Estonia. INVL will now be able to offer both existing and new clients additional tailored […]
We advised INVL Life, a subsidiary of the Invalda INVL asset management group, on obtaining a licence to conduct life insurance activities in Lithuania. This is an exceptional case as it is the first insurance licence issued in the last 20 years. INVL Life was established as part of the group’s acquisition of the Baltic […]
We provided legal assistance and represented clients during civil proceedings for all three instances in Latvia of an aircraft accident in which a student pilot had passed away. Development of proceedings The case involved complex legal issues related to insurance and aviation. These laws are unclear regarding the insurance coverage and liability of air carriers […]
