Political Risk, Trade Credit and Political Violence

We support insurers and reinsurers across the full spectrum of political risk, trade credit, and political violence issues worldwide. Our global reach and sector experience help you navigate complex and sensitive events, respond to loss situations, and manage challenging cross‑border claims with confidence.

Overview

Our team advises on the full range of political risk exposures, including CEND (confiscation, expropriation, nationalisation, and deprivation) claims, contract frustration, non‑honouring, selective discrimination, and forced abandonment. We work closely with clients to understand the commercial realities behind every loss, ensuring our advice is both pragmatic and grounded in market practice.

We have extensive experience acting for insurers on disputed and complex trade credit matters. Our work spans single‑situation and single‑buyer policies through to structured trade credit, whole turnover, and excess of loss programmes. Drawing on deep knowledge of policy wordings, market norms, and recovery strategies, we help you identify issues early and respond effectively.

Our political violence and terrorism work spans multiple jurisdictions. With our international footprint and strong local insight, we advise on coverage, claims, policy interpretation, and reinsurance arrangements linked to dynamic geopolitical environments. This includes supporting clients dealing with allegations arising from global conflicts, large‑scale loss events, and exposure within high‑risk regions.

Alleged losses in these areas are rarely straightforward. Our experience across claims, wordings, and recoveries enables us to quickly identify core issues, assess coverage, and advise on effective resolution strategies.

Featured experience

Expropriation of mining assets

Advising on an alleged expropriation of mining assets in South East Asia

Contact frustration claims

Acting in numerous contract frustration claims arising out of the non-delivery of oil products and non-repayment of prepayments in the Middle East and Africa

LCIA arbitration

Representing trade credit insurers in LCIA arbitration involving a German bank and a European forfaiting company concerning funding arrangements for a large Mexican shipping company

Property damage and business interruption claims

Advising London market reinsurers in property damage and business interruption claims arising out of the Iran conflict in the Middle East

Expropriated assets

Representing political risk insurers in LCIA arbitration concerning expropriated assets in Venezuela

  • "Duncan Strachan's main strengths are his commercial awareness and ability to grasp complex issues across various jurisdictions. His advice is always timely and detailed."

    Chambers and Partners 2026, Insurance, Latin America

  • "Duncan Strachan is an experienced lawyer with excellent insight into what London market insurers expect from their legal advisers, combined with expert knowledge of Latin America."

    Chambers and Partners 2026, Insurance, Latin America

  • "Paul Baker is a formidable lawyer who knows his way round his cases incredibly well"

    Legal 500 UK, 2022

  • "Duncan Strachan is always very responsive to any queries and is available to assist on very short notice in urgent matters"

    Chambers and Partners Global, 2023

Political Risk, Trade Credit and Political Violence key contacts

Who we are

Why choose DAC Beachcroft?

We’re a broad-based commercial firm serving a wide range of sectors with a strong heritage in insurance,
health and real estate. We combine excellent legal skills and cutting-edge delivery expertise to design
solutions that fit the needs of our clients – often involving clever uses of technology.