CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
Since the start of the war, Russia has inflicted severe damage on Ukraine’s energy infrastructure, leading to a critical need for comprehensive rebuilding efforts. As a result of the attacks, Ukraine has lost over 9 GW of electricity generating capacities, while local gas production has dropped 5–10 percent.
TGS Baltic has successfully represented Elering in two renewable energy support cases before the European Court of Justice and the Estonian Administrative Court.
White & Case, working with Bondoc si Asociatii, has advised a club of eight commercial banks and international financial institutions on the up-to-EUR 291 million financing of the construction of the 461-megawatt Rezolv Energy's Vifor wind farm in Romania.
Gide, working with McCarthy Tetrault, has advised KGHM International on the sale of mining assets located in the Sudbury Basin in central Ontario, Canada, to the Canadian mining company Magna Mining.
On 9 September, the Ministry of Finance of Ukraine officially published Order No. 380 dated 1 August 2024, which introduces significant changes to the regulation of customs clearance of biomethane by pipeline. From now on, Ukrainian biomethane producers will be able to export biomethane to the European Union via the Ukrainian gas transmission system through interstate interconnection points with four EU countries.
Norton Rose Fulbright has advised mBank on the financing for the construction of a 52-megawatt solar PV portfolio sponsored by PVE Group. Rymarz Zdort Maruta advised the PVE Group. EFK Legal reportedly advised PVE Group shareholders.
In Estonia, the push toward renewable energy, particularly offshore projects, is gaining momentum, with recent developments in grid connections and government support schemes, according to Njord Partner Triinu Hiob who also reports on tax changes and judicial reforms on the horizon.
