Work highlights
Insurance Law
Representation of a foreign company under an insurance policy and CMR
Our lawyers were assigned with the representation of a foreign company – shipping agent, who had hired a Bulgarian carrier who after loading the goods had not delivered the same and had not made contact with the shipper. Claims were made to the insurer under the provided by the transport company insurance policy that, firstly, proved not to cover the risk involved – theft, and secondly – to be counterfeit, not issued by the insurer for the respective period, but for an expired one, and not valid. In view of the above actions were taken by filing a claim under the CMR, which set out as a requirement the expiry of a one-month term from the date on which the goods had to be delivered. Our Principal was compensated under the general order of the CMR Convention.
Practice: Insurance Law
Connection with other practices: Administrative Procedures and Regulations
Lawyers on this case: Vladimir Kinkin - PartnerRepresentation in proceedings for compensation for damages due to the occurrence of a natural disaster, including loss of production, as determined by the insurer loss of future earnings
Our team represents and consults on a wide range of issues a leading Investment Company in the field of energy, developing a project for the construction and operation of nine Small hydropower plants (SHPP) on the river Iskar. The project, begun in 2005, is divided into three phases and five of the power plants are already operating. Due to heavy rains and increasing the level of river Iskar one of the 5 hydroelectric plants is flooded, causing damage, including replacement of the turbine and production loss - stop of the production process for producing electricity. The lawyers of the law firm raised claims to the insurer who initially refused to pay compensation with the argument that the event does not fall under the policy provided cases. After analysis and detailed statement regarding both the scope of the policy and the judicial practice under the questions raised and expressing willingness to take legal action, the insurer paid the compensation in full.
Practice: Insurance Law
Connection with other practices: Administrative Procedures and Regulations
Lawyers on this case: Vladimir Kinkin - Partner