Comment: This highly recommended firm in insurance is among the most renowned specialists advising international D&O insurers. Via monitoring instructions, TSP is involved in almost all prominent managerial liability claims. Recently, the firm was able to expand its client base with three large insurers. This growth is reflected in the promotion of the D&O specialist Dr. Jörg Henzler to partner. The practice around the extremely distinguished name partner Thümmel has also continued to develop substantively, e.g. in product liability and E&O insurance. That this topic is gaining in significance for banks and financial service providers in connection with problematic investment models has brought TSP diverse instructions. Schmidt-Husson in particular is active here, often flanked by the banking practice.
Strengths: Monitoring counsel in D&O claims.
Recommended: Prof. Dr. Roderich Thümmel, Jens Haubold, Dr. Franck Schmidt-Husson.
Practice: Specializations in extrajudicial advice on coverage disputes and litigation in managerial liability claims, often in a coordinating role as monitoring counsel. In liability litigation for insurers, also active in defense of executive bodies. In addition, professional and product liability. Interfaces with ?corporate, ?commercial litigation and liability, increasingly banking. (5 equity partners, 2 salary partners, 2 associates)
Clients: ? Coverage advice to D&O insurer on managerial liability at a major bank concerning Libor scandal, as well as to a state bank concerning dividend stripping transactions; coverage advice to insurer on possible liability case in connection with the Nabucco pipeline; reinsurers in monitoring and on coverage law concerning managerial liability in connection with emissions manipulation; ongoing advice to insurance broker on damages claims.