Political Risk, Trade Credit and Political Violence
Our global team is able to assess the impact of the full spectrum of political risk, trade credit, and political violence and manage your response to complex and sensitive events worldwide. We work on global and cross-border issues, advising on coverage, disputes, and recoveries.
Services
ContactsOverview
We have extensive experience of advising in adjustments and disputed claims across CEND (Confiscation, Expropriation, Nationalisation, and Deprivation) cover. We also advise regularly on contract frustration, non-honouring, forced abandonment, and selective discrimination.
Our team has successfully represented insurers across the full range of trade credit products, including single situation/ buyer, structured trade credit, whole turnover, and excess of loss policies.
We have advised insurers in relation to policies covering investment and/or trade across the globe, combining global expertise with local presence and insight. Our broad international reach reflects the global and dynamic nature of terrorism and political violence and means we can advise on claims, policy wordings, and reinsurance contracts in this space.
Alleged losses falling to political risk, trade credit, and political violence policies are rarely straightforward. Our team's experience of claims, wordings, and recoveries in these markets mean that we can identify the issues and provide quick and effective advice.
Featured experience
- Representing political risk insurers in an LCIA arbitration against a US-based oil services company regarding claims connected to the expropriation of assets in Venezuela by the Chavez government.
- Advising political risk insurers in relation to the alleged judicial expropriation of an oil industry investment in a West African country.
- Representing trade credit insurers in an LCIA arbitration against a European bank regarding numerous alleged non-disclosures including an obligor's trading practices with Iran in alleged breach of US sanctions.
- Representing trade credit insurers in an LCIA arbitration against both a German bank and a European forfaiting company related to nondisclosures/ misrepresentations as to the terms and form of their funding to a large Mexican shipping company.
- Advising London market reinsurers on coverage regarding renewable energy alleged losses arising from Russia's invasion of Ukraine.
- Advising London market reinsurers on coverage under a Terrorism policy regarding property damage and business interruption claims following alleged terrorist acts to a mine and production facility in a French-overseas territory.
- Advising a leading UK insurer on its reinsurance wording in light of the Westminster Bridge and London Bridge terrorist attacks in 2017.
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Learn moreWhat our clients say
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”Paul Baker is a formidable lawyer who knows his way round his cases incredibly well.
The Legal Review 500 UK, 2022
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”Duncan Strachan is always very responsive to any queries and is available to assist on very short notice in urgent matters.
Chambers and Partners, Global, 2023
Political Risk, Trade Credit and Political Violence key contacts
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Why choose DAC Beachcroft?
We’re a broad-based commercial firm serving a wide range of sectors with a strong heritage in insurance,
health and real estate. We combine excellent legal skills and cutting-edge delivery expertise to design
solutions that fit the needs of our clients – often involving clever uses of technology.
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DAC Beachcroft is recognised as a pre-eminent advisor to the insurance market, and we place a strong emphasis on the long-term relationships we build with you so that we can really add value to your business.
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