D&O Insurance

Directors' liability insurance is now gaining momentum, with disputes over this type of insurance becoming quite common.

D&O (Directors and Officers Liability Insurance) refers to the liability insurance of company management bodies to owners, shareholders and third parties against claims for damages caused by faulty management decisions and actions or breaches of duty.

Settlement of insurance claims and payments under D&O can take years and often involve lengthy court proceedings, as the main problem at this point in time is that there is no mention of D&O insurance in Russian law. In practice, therefore, courts interpret such contracts at their discretion.

Despite all the difficulties, the D&O cases handled by Benefit Litigation ended up in a pre-trial settlement, which saved a great deal of time and nerves for the clients (company executives).