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7.2. Insurance of the liability of members of the management bodies of legal entities: Is the protection real and is there an alternative?

Wednesday, 15 May
15:00 - 16:30

Hall #5, General Staff Building (6-8, Dvortsovaya sq.)

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Insurance of the liability of members of boards of directors (supervisory boards), persons holding the position of sole executive body of a company and members of collective executive bodies of companies is a global practice (D&O insurance). The following topics are expected to be covered during the session:

  • international practice: why management liability insurance is popular abroad;
  • what the risks of management in Russia are and whether insuring them is an adequate protection;
  • whether there are any legal obstacles for the development of the institution and what the possible ways to eliminate them are;
  • to what extent Russian insurance organizations are ready to offer the products in question and compete with foreign insurers and how an insured event should be assessed in view of Russian law enforcement practice;
  • what actions/omissions are subject to or should be subject to insurance (unreasonable actions, fraud);
  • whether secondary liability insurance is possible;
  • whether the law enforcement practice in Russia of recovering losses from directors is developed to the extent necessary for the insurer to determine the probability and randomness of an insured event;
  • proposed changes to the current legislation in view of the issues raised.

Moderator

Mikhail Kazantsev

Deputy CEO for Corporate and Legal Affairs, JSC Rosgeo

Speakers

Anna Arkhipova

Consultant, Alexeev Private Law Research Center Under the President of the Russian Federation

Anton Kaziev

Head of the Department of Banking and Insurance of Information Risks, Ingosstrakh Insurance Company

Arkadiy Krasnikhin

Partner, Egorov Puginsky Afanasiev & Partners

Elena Kuritsyna

Director of the Corporate Affairs Department, Bank of Russia

Tamara Merebashvili

Head of Corporate and Property Matters Division, PJSC INTER RAO

Andrew Nussbaum

Partner, WACHTELL, LIPTON, ROSEN & KATZ


* The Programme may be subject to change