Prohibitions on insurance by EU sanctions: securing insurance coverage for major overseas projects

Wednesday, December 5, 2012 Veröffentlichungen

Article by Albrecht Birke in Versicherungspraxis 12/2012

In 2010 and 2012, the European Union (EU) issued sanctions against Iran and Syria, which among others contained prohibitions on insurance. These insurance bans prohibit or complicate the co-insurance of affiliates or subcontractors of German companies in Iran or Syria.

The article at hand discusses how corporations can make arrangements to secure insurance coverage for overseas projects in crisis-hit countries in the future.


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