Cross border insurance claim
Interlegal’s US east coast member assisted a US-based client with a potential claim, as a beneficiary, against an insurance company headquartered in Luxembourg. The US firm consulted with Interlegal’s Luxembourg member for advice.
While making a formal demand from the US might have been successful, the firms together decided that such a demand coming from a Luxembourg firm could be more effective. The firms worked together on the demand letter and threatened litigation against the insurance company. After sending the demand and conducting several months of negotiation the firms were able to obtain a settlement of a substantial proportion of the claim from the insurance company for the client.