Financial services & insurance
Banks, insurers, investment firms and payment providers operate under the supervision of the Bank of Albania and the Financial Supervisory Authority. We help them with licensing, approvals and contracts, and represent clients in insurance and compensation disputes.
Who it is for
- →Banks, insurers and investment firms
- →Payment and electronic money institutions, fintech
- →Investors acquiring a holding in a financial institution
- →People injured in accidents and policyholders in disputes with their insurer
What we do
- →Licences and approvals before the Bank of Albania and the Financial Supervisory Authority
- →Approval of directors and qualifying holdings
- →Capital markets
- →Banking and payment contracts
- →Payments, electronic money and crypto-assets
- →Sustainable finance and ESG
- →Insurance, compensation and the Compensation Fund
Legal basis & regulators
- →Law no. 9662/2006 "On banks in the Republic of Albania"
- →Law no. 62/2020 "On capital markets"
- →Law no. 55/2020 "On payment services"
- →Law no. 52/2014 "On insurance and reinsurance activity"
- →Law no. 10076/2009 "On compulsory insurance in the transport sector"
Related projects
The insurance market: protecting the consumer-victim in the operation of the Compensation Fund
The study addressed the legal, regulatory, supervisory and practical problems of the Compensation Fund in the Albanian insurance market. It served as a counter-argument to draft laws that would have harmed the rights of injured parties seeking compensation from the Fund.
Study on the bill amending Law no. 10076/2009 on compulsory motor insurance
A legal analysis of the proposed amendments to the compulsory motor insurance law and of their impact on people injured in road accidents.
A resolution fund for insurance companies: the problems to be solved
A legal analysis of the creation and operation of a resolution fund for insurance companies, prepared with a financial expert.