insurance
"The lawyers are very thoughtful and considerate, and provide solutions."
Schoenherr’s insurance practice group advises many of Austria's and Europe's leading insurers on transactions in the insurance sector, as well as on distribution structures, product design, and all related regulatory and tax matters for life, non-life, and reinsurance business. We provide detailed legal analysis of all applicable insurance laws and regulations, especially regarding life, D&O and property insurance. We also advise the Austrian Insurers' Association and provide assistance with Austrian insurance legislation.
our services
- anti-corruption (compliance programmes, guidelines, monitoring systems, etc)
- all aspects of life insurance (including product design)
- bancassurance
- distribution and cooperation agreements
- general terms and conditions
- warranty insurance in m&a transactions
- regulatory and compliance
- tax, including FATCA
- insurance m&a and insurance restructuring (including cross border mergers and outsourcing)
- insurance-related litigation
- portfolio transfers
legal areas
- administrative & public law
- arbitration
- capital markets
- commercial contracts
- eu & competition
- compliance & internal investigations
- corporate & reorganisations
- data protection
- insolvency & restructuring
- financial institutions and insurance
- ip & unfair commercial practices
- it & technology law
- labour & employment
- litigation
- m&a
- public procurement & ppp
- white collar crime & criminal defence
news
Austria: Schoenherr advises UNIQA on successful placement of EUR 600m senior and EUR 200m tier 2 green notes
Schoenherr advised UNIQA Insurance Group AG, one of the leading insurance groups in Austria and CEE, on its EUR 800m in aggregate notes issuances that closed on 9 July 2020.
2020
czech republic bulgaria hungary poland romania serbia austria
P.Konwitschka J.Bauer R.Chemshirov G.Szalóki K.Pawlak A.Gal S.Petronijević
cee overview - insurance
Insurance in Austria and CEE: An overview of key insurance law issues
In response to the growing need for legal advice in insurance and regulatory matters, Schoenherr focused on insurance law advice since 2006 and set up its own insurance practice group only a few years later to combine know-how and focus on industry-related advice in matters of interest for the whole European Economic Area.
Austria: New unified cancellation right for insurance contracts brings legal certainty
Pursuant to Article 186 of the EU Solvency II Directive (2009/138/EC), EU member states must grant life insurance policyholders a 14 to 30-day period to cancel their contract from the time when the policyholders were informed that the contract was concluded.
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