Pepeliaev Group achieved victory for its client in a dispute concerning the recovery of an insurance payout of about USD 500,000

Our team of lawyers successfully safeguarded the interests of Mucos Pharma CZ (a foreign pharmaceutical company that is a global leader in distribution of enzyme therapy products in Europe, the CIS countries and Russia) in a dispute with a major Russian insurance company. 

An issue was the recovery of an insurance payout under an insurance agreement along with interest for the use of another party's funds. Over an extended period, the insurance company took no decision to make the insurance payout further to the documents submitted by Mucos Pharma CZ. This was despite the fact that an insurance event had taken place and the company provided the documents as required under the insurance agreement. 

The case was complicated, in particular, owing to the fact that court practice, including the practice of the Russian Supreme Court, is usually to the detriment of clients of insurance companies in cases where insurance companies are directly involved as a defendant.  

Within the framework of this case Pepeliaev Group's team worked together with our client’s in-house lawyer to assess the prospects for the court dispute with the insurance company, develop a strategy for conducting the case, and represent the client in courts of three instances. The courts of all three instances confirmed that our client’s claims were lawful. Thus, the insurance company was forced to make the insurance payout to Mucos Pharma CZ in full, together with interest for the use of another party's funds.

The lawyers from Pepeliaev Group acting for the client in this case were: Sergey Spasennov, Partner and the head of St Petersburg office, along with Alexandra Antonik and Elena Rybalchenko, associates in the St Petersburg Corporate Practice.