Experts of the Law Firm Successfully Defended the Interests of ROSNO in a Dispute with a Swiss Reinsurer over Accident at the Sayano-Shushenskaya Hydropower Plant

Experts of the Law Firm succeeded to obtain a satisfaction of ROSNO Group claims against foreign reinsurer – Swiss Infrassure Ltd, connected to the accident at the Sayano-Shushenskaya hydropower plant, in the Arbitrage of Moscow. Infrassure Ltd is to pay ROSNO GROUP more than 800 million roubles of reinsurance recovery.

It will be recalled that, after the accident at Sayano-Shushenskaya hydropower plant, ROSNO Group paid to RusHydro an unprecedented for the Russian insurance market insurance compensation in amount of 200 million US dollars, which were aimed at a speedy restoration of the plant.

The Head of the Legal Department at ROSNO Group Angelina Fadeeva commented: “An important result for the company was reached in this case thanks to the complex approach of the experts of Korelskiy, Ischuk, Astafiev & Partners, Attorneys at Law and their colleagues from the Legal Department of ROSNO Group.”

Partners of the Law Firm Ilya Ischuk, Konstantin Astafiev and Andrey Korelskiy conducted the case.

ROSNO Group is one of the largest insurance groups in Russia. ROSNO’s controlling interest is held by Allianz New Europe Holding GmbH. As of 31 March 2011, equity of the company is 7,502,222 thousand roubles, insurance reserves are 17,702,436 thousand roubles.