SwitzerlandFinancial Services / Commodities
Financial Services & Commodities
We advised on a multi-million dollar insurance claim for a Swiss bank facing a trade finance loss when an appointed Collateral Manager on the borrowing transaction documents (including a collateral management agreement) colluded with the borrower in the theft of coal in Turkey. The Collateral Manager’s Errors & Omissions Policy would not respond to fraudulent acts and the Collateral Manager was in liquidation soon after the loss.
A review of the bank’s crime insurance policy, and broad definition of “employee” indicated that it provided insurance cover for the loss. We successfully advised the bank and negotiated a settlement.
This involved consideration of the laws of England & Wales, Switzerland and Turkey.
Advising a fund and asset manager in Hong Kong in relation to insurance claims against an insurer...
Oil & Gas
We advised the operator and joint owner of an offshore production platform on insurance...
We acted for a former CFO of a global insurance company in relation to regulatory investigations undertaken...
Oil & Gas
We advised a state-owned oil company in relation to a platform explosion in the Gulf of Mexico...
We advised a multi-national chemical manufacturing company on USD100m of contingent business...
We advised a multinational joint venture that was created to construct, develop and operate a large mining...
Financial Services / Commodities
This is a good example of the need to consider assets in the round when faced with a loss or claim...
We advised a number of insureds on Covid-19 business interruption insurance claims in the energy...
We advised members of an Isle of Man legal practice and an associated trust management company...
We advised an energy trading house on a Political Risk / CEND insurance claim in Ukraine...
We advised a global multi-national chemical company on a US$40m claim arising from a large plant...
We advised the world’s largest shopping mall owner on complex coverage issues on their insurance claims...
We advised on the multi-million dollar sale of the US and UK assets of a company based in Chicago in...