Carpatica Asig SA, the insurance
company that now makes object to several intervention measures on the
basis of insurants’ resolution and redressing law, was acquired by
International Insurance Consortium, an investments company from the
Netherlands, with a focus on the insurance companies from Eastern and
South-Eastern Europe. IIC was represented by Wolf Theiss in
this transaction. The team of lawyers led by Ileana Glodeanu claims
the transaction to have been a true challenge, considering the
suspensive conditions, certain criminal law ramifications, the
changes in the legislation in the past months and, finally,
regulations on the way to be enacted. The finalizing of the
transaction is conditioned by the approval of the Authority of
Financial Surveillance (ASF).
