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European Legal update 20.02. – 05.03.
Assistant lawyer Nikola Cīparsone compiled the material. ESG Directive empowering consumers for the green transition and circular economy Adopted: 20 February 2024 The Council has adopted a directive aimed at empowering consumers to facilitate the shift towards sustainability. This new directive seeks to strengthen consumer rights by amending the unfair commercial practices directive (UCPD) and […]
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Group insurance contracts – still an attractive structure for business models?
Group (or “affinity”) insurance models are well-known and widely used in the Lithuanian insurance market. They are particularly popular in the case of travel insurance, payment protection insurance and purchase protection insurance products offered by banks along with credit cards. Group insurance contracts are also commonly used for personal accident and health insurance, which employers […]
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A fair settlement reached for If P&C Insurance
Sorainen’s team of lawyers successfully represented the insurance company If P&C Insurance AS in legal proceedings which involved complicated issues of insurance law, regulation of consumer rights, competition law, and the boundary between civil proceedings in court and supervision by supervisory authorities during administrative proceedings. The proceedings also involved a number of complex procedural issues, […]
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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 […]
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The world’s largest surety insurer will offer its services in Lithuania
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 […]