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TMF Group BV
Tax authorities take control of the calculation and payment of insurance contributions, including tax audits and checks.
Clyde & Co
Russia's insurance sector has been traditionally closed to direct involvement of foreign investors. However its accession to the WTO on 22 August 2012 has brought about substantial changes on the insurance front.
Blank Rome
Given recent events, there is an increased interest in political risk insurance in Russia and Ukraine.
Jones Day
In a precedent-setting case, Russian courts ordered Infrassure, a Swiss reinsurer, to pay US$34.4 million to its reinsured, a Russian subsidiary of Allianz.
Clyde & Co
On 16 and 19 July 2010 the State Duma passed and the Federation Council respectively approved the Federal Law No 225-FZ "On Compulsory Insurance of Civil Liability of the Owner of a Hazardous Object for Inflicting Damage as a Result of an Accident at the Hazardous Object" ("Law 225"). Law 225 was officially published on 27 July 2010.
Clyde & Co
The Newsletter for this month contains a variety of articles that will, undoubtedly, be of interest to many categories of readers.
CMS Cameron McKenna Nabarro Olswang LLP
Changes to insurance law are being considered by the State Duma to improve the financial stability of insurers and bring their regulation and financial reporting into line with international practice and international financial reporting standards.
Clyde & Co
Russian insurance law contains all the key features one might expect, including rules relating to disclosure, contract formation, liability, indemnity and subrogation. Most of the relevant rules are to be found in article 48 of the Civil Code.
CMS Cameron McKenna Nabarro Olswang LLP
As of 1 January 2009, Russia finally became a participant of the international motor civil liability insurance system known as "the Green Card System".
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