Switzerland
Financial Services / Commodities
Sector:
Financial Services & Commodities
Jurisdiction:
Switzerland (Geneva)
Partners:
Graham Denny
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.
China
Financial Services
Advising a fund and asset manager in Hong Kong in relation to insurance claims against an insurer...
Denmark
Oil & Gas
We advised the operator and joint owner of an offshore production platform on insurance...
Europe
Insurance
We acted for a former CFO of a global insurance company in relation to regulatory investigations undertaken...
Mexico
Oil & Gas
We advised a state-owned oil company in relation to a platform explosion in the Gulf of Mexico...
Saudi Arabia
Mining
We advised a multi-national chemical manufacturing company on USD100m of contingent business...
South America
Mining
We advised a multinational joint venture that was created to construct, develop and operate a large mining...
Switzerland
Financial Services / Commodities
This is a good example of the need to consider assets in the round when faced with a loss or claim...
UK
Insurance
We advised a number of insureds on Covid-19 business interruption insurance claims in the energy...
UK
Trusts Management
We advised members of an Isle of Man legal practice and an associated trust management company...
Ukraine
Marine
We advised an energy trading house on a Political Risk / CEND insurance claim in Ukraine...
USA
Petrochemical
We advised a global multi-national chemical company on a US$40m claim arising from a large plant...
USA
Property
We advised the world’s largest shopping mall owner on complex coverage issues on their insurance claims...
USA
Retail
We advised on the multi-million dollar sale of the US and UK assets of a company based in Chicago in...
Wordley Partnership
11 Leadenhall Street
London
EC3V 1LP
United Kingdom
+44 (0)2039 243 250