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Insurance
Baker & McKenzie provides operational and regulatory advice and document review to multinational insurers including AXA and MSIG. It is advising a European insurer on establishing life insurance and non-life insurance entities in Vietnam. Special counsel Simon Taylor heads the practice with support from Frederick Burke.
Freshfields Bruckhaus Deringer advised HSBC Insurance on purchasing an additional 10% stake in BaoViet from the Ministry of Finance at the end of 2009. The team is primary legal counsel to Prudential Vietnam, and recently advised HSBC Insurance and Zurich on regulations. Managing partner Tony Foster and counsel Jérôme Buzenet, who displays ‘good knowledge and gives practical advice’, are recommended.
Russin & Vecchi, LLC acted for Global Insurance Company in selling shares to Ergo International; advised Oman Investment Fund on its strategic acquisition of shares in PetroVietnam Insurance; and advised Bao Minh and VinaRe on selecting equitisation partners for selling strategic shareholdings to foreign insurers. Nguyen Huu Minh Nhut is ‘responsive, and provides timely and commercially useful advice’.
Vilaf – Hong Duc’s ‘very commercially minded’ team is advising PetroVietnam Insurance on issuing and selling new shares to a foreign investor, and acted for a foreign investor during VinaRe’s issuance and sale of new shares. It is advising BIDV on buying out its joint venture with QBE International Insurance LLC. Other clients include Aon, Bao Minh, Ping An, and Swiss Re, as well as many P&I clubs. Dang Duong Anh is recommended.
Allens Arthur Robinson’s Bill Magennis and senior associate Andrew Hilton have substantial experience in the sector, having worked on the equitisations of BaoViet and Bao Minh CMG, and advised Allianz on becoming Vietnam’s first wholly foreign-owned insurer.
VCI Legal provides day-to-day advice to insurers. Managing partner Phung Anh Tuan is recommended.
Vision & Associates recently assisted an insurance joint venture with restructuring, and advises corporate insurees on their coverage. Pham Nghiem Xuan Bac and Le Quynh Anh are recommended.
YKVN advised PetroVietnam Insurance on the equitisation bid tender and sale of a strategic stake to Oman Investment Fund. Managing partner Truong Nhat Quang and Vu Dzung are recommended. Luu Tien Dzung acts in insurance disputes.
DFDL Mekong’s clients include a life insurer. Thierry Gougy and Hoang Phong Anh are the key contacts.
Frasers provides general advice to insurers. Mark Fraser is recommended.
Leadco Legal Counsel widely advises PetroVietnam Insurance, and recently assisted it with reorganising into a holding group structure. It also advises on marine insurance. Dinh Nhat Quang heads the team, assisted by managing partner Phan Nguyen Toan.