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How board members can mitiagte risks of liability

Jan 25, 2023
Pullman Riga Old Town, Jekaba 24

January 25, AmCham held its first Business After-Hours event of 2023 discussing board-member liability and limitations with insightful presentations of experts and hosts of the event Agris Bitāns, senior partner at Eversheds Sutherland Bitāns, and Thomas Marcadet, Senior Vice-President at Marsh.

Members gained insight into the intricacies of being a board member, including the role's responsibilities, challenges, and obligations. Agris Bitāns began by addressing the legal side of liability. He further discussed its preconditions, procedure, and limitations. Thomas Marcadet continued the discussion by providing guests with an overview of D&O insurance, including insight into how risk looks in practice, quantifying D&O risk, how to avoid being claimed, and what one should do if claimed.

After the presentations and discussion, guests enjoyed traditional raffle price drawing, networking over appetizers and wine kindly provided by hosts of the event Eversheds Sutherland Bitāns and Marsh.

To view the presentation of ESB and March

About the Speakers: 

Agris Bitāns, Senior Partner, Eversheds Sutherland Bitans

Agris heads the Eversheds Sutherland Bitāns Litigation and Dispute resolution practice group. With more than 24 years of legal experience, Agris is a widely recognised and acclaimed litigator in Latvia.  His main focus on is civil and commercial litigation, civil liability including liability for non-pecuniary loss, intellectual property, contract disputes, criminal litigation, mainly in relation to white-collar crime and fraud.  Agris’s practice areas also include e-commerce, patent rights, mass media, advertising and PPP projects. Agris is a member of the Latvian Bar Association and International Bar Association.  He is also a member of AIPPI and has served as the President of the Latvian AIPPI group since 2005. In addition to his work at the law firm, Agris is a lector at the University of Latvia in the Faculty of Law.

Thomas Marcadet, Senior Vice President, Head of FINPRO & PEMA Marsh specialty in CEE &Eastern Mediterranean 

Thomas is the Financial Lines Practice  Leader for Central Eastern Europe and the Eastern Mediterranean Region since 2017. Thomas took this new role after 6 years of experience in France focusing on large Financial Institutions and Private Equity.  Before joining Marsh, Thomas worked in 2nd largest retail banking group in  France (BPCE) in Internal audit and held various positions in investment banks.

The event is complimentary and open for AmCham members only. Please register below.

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