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 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 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.

Ellex has advised Eesti Gaas on its EUR 120 million acquisition of Gaso from Latvijas Gaze. KPMG Law advised the seller.

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.

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.