Energy/Natural Resources

Slovenia: Floating Solar Power Plants – An As-of-Yet Unrealized Potential

In May 2022, the European Commission announced the REPowerEU Action Plan, proposing a package of measures to accelerate the energy transition, made even more urgent by the high dependence on Russian gas. Given the urgency of deploying renewable energy installations, the EC highlighted the generation of electricity from solar energy (i.e., solar power plants, photovoltaics) as a priority and key issue. Such technology has a minimal environmental impact (especially when installed on existing built surfaces), high public acceptance, the fastest technical feasibility, and, last but not least, a low cost (the price of the technology has fallen by around 82% over the last decade).

Gabor Simon Makes Partner at DLA Piper in Hungary

DLA Piper lawyer Gabor Simon has been promoted to a Partner position with the firm's Budapest office.

Erdem & Erdem and Gen & Temizer Ozer Advise on Sisecam Acquisition of EBRD's Shares in Sisecam Environmental Systems

Erdem & Erdem has advised Sisecam on its acquisition of EBRD's stake in Sisecam Environmental Systems. Kinstellar Turkish affiliate Gen & Temizer Ozer advised the EBRD.

Turkiye Introduces Significant Amendments to Energy Legislation and to the Law on Organized Industrial Zone

Law No. 7451 on the Amendment of the Law on Organized Industrial Zones and Certain Laws (“Law No. 7451“), published in the Official Gazette dated 10 April 2023 and numbered 32159, introduced significant amendments to energy legislation, and the Law on Organized Industrial Zones and entered into force on the same date.

Greenberg Traurig and Gide Advise on KI Chemistry Acquisition of Ciech Shares in Voluntary Tender Offer

Greenberg Traurig has advised KI Chemistry on its acquisition of Ciech shares under a voluntary tender sale offer. Gide advised KI Chemistry on the financing.

Clifford Chance Badea Advises on USD 531.8 Million Syndicated Loan Facility for KMG International

Clifford Chance Badea has advised a bank syndicate coordinated by Banca Comerciala Romana on the USD 531.8 million syndicated loan facility – which can be increased to USD 600 million – for three KMG International Group companies in Romania: Rompetrol Rafinare, Rompetrol Downstream, and KMG Rompetrol.

Ilyashev & Partners Successful for Ferrexpo Before Ukraine’s Supreme Court in Ownership Dispute

Ilyashev & Partners has successfully represented Ferrexpo before the Supreme Court of Ukraine against claims of the share purchase agreement for a 40.19% stake in Ferrexpo Poltava Mining being invalid coming from four former shareholders seeking the reclamation of their shares.