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Walless Helps Depo DIY Secure Insurance Payment

Walless Helps Depo DIY Secure Insurance Payment

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Walless has helped the SIA Depo DIY with a property insurance claim regarding a fire in one of its stores. 

Depo DIY, founded in 2004, is the largest do-it-yourself store chain in Latvia. It operates nine stores in Latvia, five in Lithuania, and one in Estonia.

According to Walless, “in 2019, a fire broke out in one of Depo DIY’s stores in [the Latvian city of] Rezekne, destroying the whole building, all equipment, and stocks. ERGO Insurance SE Latvia branch made a payment of insurance indemnity to Depo DIY in the amount of EUR 5.8 million, which is the largest insurance amount paid by ERGO in Latvia so far and the second largest in the history of the Latvian insurance business.”

Walless’s team included Partner Zane Eglite-Fogele and Senior Associates Andis Ozolins and Konstantins Teļakovs.

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