Insurance & Reinsurance Law – Greece Published on Lexology In-Depth, June 3 The Greek insurance market has seen substantial growth and significant regulatory changes in 2023, as detailed in a recent Lexology In-Depth article by Dr. Dimitris Chatzimichael, Partner,  Xenia Lymperopoulou, Associate, and Xenia Kretsovali, Associate at Rokas Law Firm. The article distinguishes between life,...Read More

Insurance legal framework in Bulgaria The legal framework of any sector could be quite a complex notion. Regarding the insurance sector, however, its guarantee and surety functions, protecting the interests of insureds and beneficiaries, generate several specificities. 1. Sources The main source of insurance legislation is the Insurance Code (IC) which concentrates great part of...Read More

Insurance Disputes Law Review, 6th edition The recently published 6th edition of the “Insurance Disputes Law Review” constitutes an invaluable source of knowledge on the ever-evolving field of insurance conflicts’ resolution, examined across diverse jurisdictions worldwide. This comprehensive edition offers a pragmatic overview, dissecting recent advancements in the resolution of insurance-related disputes while intricately analyzing...Read More

SWOT analysis of the digital transformation amendments to the Bulgarian Insurance Code by Yordanka Dimova, Senior Associate Rokas (Sofia) On 16 October 2023 the Ministry of Finance launched public consultation regarding the proposed amendments to the Bulgarian Insurance Code (IC). The consultation will last until 15 November 2023. The proposed amendments will strongly affect the...Read More

COUNTRY UPDATE – Serbia: Insurance 2023 (Contribution by Aleksandar Mladenovic, Attorney at Law in Rokas Belgrade, published in Thomson Reuters, Regulatory Intelligence, Country update – Serbia: Insurance, August 2023) Does Solvency II apply/Has Serbia implemented Solvency II? As a candidate country for joining the EU, Serbia is obliged to ensure that its laws are compliant...Read More

Cancellation of insurance policy on the grounds of unfair business-to-consumer commercial practice (Directive 05/29) by Xenia Kretsovali The CJEU in case number C-208/21 (preliminary ruling of 02.02.2023), ruled that the consumer is entitled to request the cancellation of insurance policy in accordance with the provision of Directive 05/29 on unfair business-to-consumer commercial practices. In the...Read More

“Is strict liability of the driver of the damaging vehicle moving at a (very) low speed justifiable?” Contribution of our Senior Associate Kosmas Karanikolas to the 1st issue 2023 of the Greek legal journal “Commercial Law Review” (EΕμπΔ) Στην Ελλάδα η ρύθμιση, αφενός, της ευθύνης του οδηγού που προξενεί αυτοκινητικό ατύχημα, αφετέρου, της υποχρέωσής του...Read More

Covid-19 Treatment Refusal: Medical Liability Insurance in Greece in Light of the Oviedo Convention Τhe book “Covid-19 and Insurance”, edited by María Luisa Muñoz Paredes and Anna Tarasiuk has been published by Springer. The book is the 7th Volume of the AIDA Europe Research Series on Insurance Law and Regulation, and examines different aspects of...Read More

Τhe Insurance Disputes Law Review – 5th edition The recently published 5th edition of the ‘Insurance Disputes Law Review’ provides a practical overview of recent developments in insurance disputes across major jurisdictions worldwide. It examines the key features of the legal framework governing insurance-related disputes in each jurisdiction, covering substantive and procedural issues, recent litigation...Read More

“Confinement of the concept of “third party” in MTPL insurance” By virtue of a recent amendment of the Greek law on compulsory MTPL insurance, that is Law no. 489/1976 (introduced by art. 50 of Law no. 4949/2022), the circle of recipients of insurance money upon occurrence of motor vehicle accidents was extended, since only the...Read More