Political turmoil and contentious policy changes could cloud the investment climate in Montenegro, but the economy is still performing well – primarily driven by the IT, energy, and tourism sectors – according to Pejovic Legal Partner Milena Roncevic Pejovic.

Advancing renewable energy initiatives, establishing remote companies, and adopting criminal justice reform are currently the key priorities on the legal agenda in Greece, according to Politis & Partners Partner Nikolaos Anastopoulos.

The specific connection procedure of power plants based on the requests of 2 May 2022 has been amended again, as a result of which deadlines set for authorized network operators are also amended. According to the government decree published on 29 March 2023, the new deadline to provide the technical and economic conditions for industrial-size power plants and electricity storage facilities as well as for all investments with a connection needed to a medium voltage network is 10 May 2023, while for the rest of the power plant investments it is 30 June 2023.

Norton Rose Fulbright, working with Pestalozzi Attorneys at Law, has advised Bank Polska Kasa Opieki on financing the construction of a 67.7-megawatt portfolio of 36 PV installations sponsored by Lithuania's Lords LB Asset Management. SSW Pragmatic Solutions reportedly advised Lords LB.

DWF has advised KGAL Investment Management on two long-term power purchase agreements with Lafarge Cement Polska for the Krasin and Rywald onshore wind farms owned by the KGAL ESPF 4 Renewable Energy Fund. Elzanowski & Partnerzy advised Lafarge Cement.

A new promotion round saw 62 lawyers become Partners at CMS – spanning 25 cities across the UK, Europe, the Middle East, Africa, and Latin America – including Arno Zimmermann, Hans Lederer, and Klaus Pateter in Vienna, Alicja Zalewska-Orabona in Warsaw, and Mihai Jiganie-Serban in Bucharest.