Ellex has advised Eesti Gaas on its EUR 120 million acquisition of Gaso from Latvijas Gaze. KPMG Law advised the seller.
The Correlation of ESG and the National Energy and Climate Plan of Hungary
The EU’s headline target for its Member States is to have a climate-neutral economy by the year 2050. To reach this goal, the European Commission have called on Member States to prepare their National Energy and Climate Plans (“NECPs”) as the first mandatory step towards the Energy Union.
EU Parliament Approves New Emissions Trading System
On 18 April 2023, the EU Parliament approved the provisional political plan to reduce CO2 emissions in the EU agreed on by the Council and the European Parliament on 18 December 2022. This plan is based on proposals of the "Fit for 55" package presented by the European Commission in 2021 to reduce the EU's net greenhouse gas emissions by 55 % compared to 1990 levels by 2030 and to achieve climate neutrality by 2050.
EU Parliament Adopts Key Fit for 55 Laws Including CBAM
On Tuesday, the EU Parliament unleashed a legislative game-changer in the global climate battle, adopting the world’s first carbon border tax (CBAM). The MEPs also formally adopted the deals reached with the Council in December 2022 on several other critical pieces of legislation, including the closely-related revised EU’s Emissions Trading System (“EU ETS“) and a new Social Climate Fund (“SCF“), all a vital part of the EU’s Fit for 55 package, designed to help the bloc cut greenhouse-gas emissions by 55 percent by 2030 against a 1990 baseline.
White & Case Advises Columbus Energy on Warsaw Stock Exchange Main Market Debut
White & Case has advised Columbus Energy on the admission and listing of all the company's shares on the Warsaw Stock Exchange main market and the transfer of its shares from the NewConnect alternative market, on which the company had been listed since 2011.
Taylor Wessing and White & Case Advise on PLN 1.65 Billion Loan to JSW
Taylor Wessing has advised a consortium of banks and financial institutions on the PLN 1.65 billion financing provided to Jastrzebska Spolka Weglowa under a sustainability-linked loan formula. White & Case advised JSW.
Andrejic & Partners Advises Villa & Spa Stevic on EU Cultural Heritage and Tourism Project Application
Andrejic & Partners has advised Villa & Spa Stevic on submitting its successful application to the EU for Cultural Heritage and Tourism project.