Commercial and shipping law firm LCI Law has successfully represented a client in a case that went to the Greek Supreme Court (Areios Pagos) and has just resulted in a landmark decision in favour of the client.  

What the Supreme Court has ruled is that Greek-based branches of EU-based insurance companies established in Greece pursuant to EU Directive 2009/138/EC (Solvency II) are not liable for the EU-based insurers’ obligations, and that the establishment of such Greek-based branches does not alter the EU-based insurers’ status as foreign residents in the eyes of the Greek Courts.

This decision sets a crucial legal precedent in Greece, overturning previous judgments of the Greek Courts of Appeal. 

The successful clients were represented by LCI Law’s Greek litigation team at its Athens office, led by George Iatridis and George Pezodromos, insurance and reinsurance being core elements of LCI Law’s litigation practice.

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LCI Law are delighted to announce that they have been joined by Stephen Drury as a consultant in LCI Law’s Shipping Advisory, Corporate & Transactional, and Shipping Dispute Resolution practices.

Stephen has 46 years of experience practicing law, having previously spent 43 years working at the Hong Kong and London offices of a major international law firm, of which he was a partner for 35 years and then a consultant for another 3 years.

Shipping is the focus of Stephen’s career, in particular the area of ship finance in which he has advised various interests including banks, leasing companies, owners and operators.  Stephen has extensive experience in ship recycling including the environmental and regulatory challenges affecting this and all aspects of the shipping industry.  Stephen has also acted for numerous clients in shipping litigation matters. Stephen has acted for a wide range of clients with issues arising in a variety of jurisdictions, he has previously been named as a “Legal Expert” in The Legal 500, and he brings a wealth of knowledge and experience to LCI Law and its clients.

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LCI Law’s London office, headed by David Morriss, handles disputes in London arbitration and before the courts of England and Wales, as well as non-contentious contract drafting. Its litigation practice includes shipping and commodities disputes under charterparties, ship pooling agreements, COAs, bills of lading, shipbuilding/repair contracts, MOAs, marine insurance policies, and cargo sale contracts, as well as broader commercial disputes.

LCI Law are grateful for this recognition, a testament to their continued commitment to excellence and to providing their clients with innovative legal solutions to their commercial and legal problems.

LCI Law’s new London office named in The Legal 500 as a Firm to Watch for Shipping in London

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