Although negotiations regarding the method of capping electricity and gas prices are still ongoing, both at the national level and in the EU, the Government of the Czech Republic has already issued the expected amendment specifying the capping of energy prices for large enterprises.
Dentons and BASEAK Advise Akfen Holding on Acquisition of EBRD and IFC Stake in Akfen Yenilenebilir Enerji
Dentons and its Turkish affiliate Balcioglu Selcuk Ardiyok Keki Attorney Partnership have advised Akfen Holding on its acquisition of the approximately 33% outstanding stake in Akfen Yenilenebilir Enerji from the EBRD and the IFC.
D&B David si Baias Advises Greek Public Power Corporation on Acquisition of Enel Group’s Romanian Assets
PwC Legal Romanian affiliate D&B David si Baias has advised the Greek Public Power Corporation on its acquisition of Enel Group’s electricity production, supply, and distribution assets in Romania. Milbank and Legance reportedly advised the PPC as well. Clifford Chance reportedly advised the seller.
Lewczuk Lyszczarek i Wspolnicy Advises Contec on EUR 10 Million Financing Round
Lewczuk Lyszczarek i Wspolnicy has advised Contec on its EUR 10 million financing round led by HiTech ASI. SSW Pragmatic Solutions reportedly advised HiTech ASI.
Closing: HE Dabar and CEXIM Bank EUR 190 Million Financing for HPP Development Now Closed
On March 20, 2023, Sajic announced that the EUR 190 million financing transaction between the Export-Import Bank of China and HE Dabar for the development of the Dabar hydropower plant (reported by CEE Legal Matters on January 19, 2022) had closed.
Hungary Encourages Sustainable Real Estate Funds
Since 2010, the regulations and practices relative to the ESG requirements in the EU have been rapidly evolving. The EU has implemented significant rules by adopting the Taxonomy Regulation, the Non-Financial Disclosure Directive (NFRD), the Sustainable Finance Disclosure Regulation (SFDR) and the Corporate Sustainability Reporting Directive (CSRD). These regulate the disclosure obligations of certain companies and private equity funds in connection with their sustainability obligations and their commitment to respecting human rights.
Albania Doubles Down on Energy and EU Acquis: A Buzz Interview with Sabina Lalaj of Deloitte Legal
As the Albanian government seeks to utilize the energy crisis as a catalyst for encouraging energy investments and production, significant changes are expected in the country's overall legislation – in light of the negotiation process – to comply with EU standards, according to Deloitte Legal Local Legal Partner Sabina Lalaj.