Acted on behalf of a consortium of U.K. reinsurers that provided USD 70 million in political risk insurance to a prominent retail shopping center in Thailand. The plaintiff is claiming payment in damages resulting from an arson attack it suffered during the May 2010 political crisis. The key issue in this case revolves around cause of peril.
Insurance
Tilleke & Gibbins offers a leading regional practice in insurance law. We understand the insurance industry in Thailand and Vietnam and the needs of multinational corporations operating in our home markets. Through our expertise, we have earned the trust of different types of clients operating in and impacted by the insurance industry, including local and international insurers and reinsurers, brokers and agents, employers and employees, and insureds.
Developed over decades of representing diverse interests, our expertise in the fields of life and non-life insurance is comprehensive in both scope and depth. Our cross-disciplinary team includes local lawyers with an intimate knowledge of local laws and procedures, and international consultants with experience working within global insurance companies in Asia and Europe.
Our non-contentious team provides advice on specific insurance matters in conjunction with commercial transactions, including mergers and acquisitions, regulatory compliance, policy wording advice and drafting, market entry and regional operations, and employment matters.
Our dispute resolution team has deep experience in conducting insurance litigation, acting for both insurers and policyholders in complex coverage and reinsurance disputes. Our long history of defending corporate liability suits makes us a first choice for insurers seeking to appoint defense counsel for insured claims in the fields of professional indemnity, directors’ and officers’ liability, employers’ liability, and public and products liability.
Our highly-ranked maritime practice also routinely advises on all aspects of marine insurance, both contentious and non-contentious.
Our recent achievements:
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Advised a multinational insurer on coverage issues in a USD 92 million claim resulting from environmental disasters in Thailand in 2011.
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Represented a reinsurer in negotiating a settlement with a leading Thai bank for property damages incurred during the 2010 riots.
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Conducted gap analysis for compliance with local legal and regulatory requirements for a global financial institution.
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Advised on insurance provisions for cardholders at the request of a top provider of payment, travel, and expense management solutions.
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Provided counsel on insurance and tax regulatory guidelines for potential expansion into Thailand to a leader in the insurance and reinsurance marketplace.
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Advised one of the largest private life insurance companies on the acquisition of a Thai insurance brokerage company.
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Defended a global multi-industry company against an international insurance provider in four civil cases pertaining to gas turbine engines, and led the court to dismiss all four claims.
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Acted for a foreign specialty insurer and secured the dismissal of a large insured cargo claim brought by a joint-venture insurance company against a domestic freight forwarder. We successfully proved that the insured was not liable because the insured was not a carrier or actual carrier of goods.
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Defended a logistics company against a subrogated insurance claim for THB 1.3 million. We successfully argued that our client should only pay in accordance with its liability limits and saved the client over THB 1 million.
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Defended an insured marine casualty claim brought against a ship management company by a Thai authority in the amount of USD 5 million.
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Represented a manufacturing company in a USD 50 million claim against its insurer in respect of losses suffered during the 2011 floods. Key issues included concurrent causes of loss, underinsurance, and proof of loss.
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| Name | Position | Office |
Contact |
|---|---|---|---|
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David Duncan |
Consultant | Bangkok |
+66 2653 5538 |
|
Thawat Damsa-ard |
Partner | Bangkok |
+66 2653 5500 |
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| Date | Title |
|---|---|
| February 9, 2011 |
Tilleke & Gibbins Names New Partners Alan Adcock, Nandana Indananda, Thomas J. Treutler Tilleke & Gibbins, the largest independent law firm in Thailand, proudly announces the appointment of Alan Adcock, Nandana Indananda, and Thomas J. Treutler as Partners of the firm. ... |
| March 21, 2008 |
Darani Vachanavuttivong, Tiziana Sucharitkul This article provides an introduction to Tilleke & Gibbins based on the firm’s winning the prestigious International Law Office Client Choice Award 2007 for Thailand. |
| March 17, 2011 |
David Lyman David Lyman, Chairman & Chief Values Officer of Tilleke & Gibbins, was recently invited to participate in the inaugural BRT Business Leaders Lunch. Held at the JW Marriott in Bangkok, the... |
| December 17, 2010 |
Interview with Cynthia M. Pornavalai on Legal Reform Cynthia M. Pornavalai In this interview with Business Report Thailand, Tilleke & Gibbins partner Cynthia M. Pornavalai discusses the possibility of government reform to boost investment. Cynthia examines... |
| June 21, 2011 |
The BigChilli Magazine Interviews David Lyman David Lyman The BigChilli, a Bangkok-based lifestyle magazine, recently interviewed David Lyman, Chairman & Chief Values Officer of Tilleke & Gibbins. The interview highlighted the background... |
| Date | Title |
|---|---|
| January 4, 2012 |
Lex Mundi Guide to Doing Business in Thailand 2012 This guide provides a detailed overview of doing business in Thailand. Topics covered in the guide include investment, import and export regulations, exchange controls, tax, requirements for... |
| March 9, 2010 |
PLC Cross-border Doing Business in … Handbook 2010 – Thailand Chapter Chinachart Vatanasuchart, Kobkit Thienpreecha, Siraprapha Rungpry, Sriwan Puapondh This chapter provides an overview of the legal system and key laws for foreign companies doing business in Thailand. Presented in a question-and-answer format, the chapter examines the rules... |
| January 27, 2009 |
David Lyman Within the past two years, Thailand has experienced a number of events that have called into question the country’s political stability. In this article, David Lyman puts these events into... |
| April 16, 2009 |
Bangkok Report – The Songkran (Thai New Year) Skirmish of 2009 David Lyman This open letter from David Lyman to the clients of Tilleke & Gibbins addresses the events that unfolded in April 2009, when political demonstrations—sometimes violent—took place in Bangkok... |
| May 11, 2009 |
David Lyman Within the past two years, Thailand has experienced a number of events that have called into question the country’s political stability. In this article, David Lyman reflects on the situation and... |
