Norton Rose Fulbright has advised mBank on its financing for the construction of the 40-megawatt Pozarowo PV portfolio in Poland, sponsored by Afcon Renewable Energy. CMS advised Afcon.
Dora Petranyi Appointed Global Co-Head of CMS' Technology, Media, and Communications Group
CMS Budapest Partner and CEE Managing Director Dora Petranyi has been appointed as Global Co-Head of the firm's Technology, Media, and Communications Group, alongside CMS Germany's Pietro Fringuelli.
The Buzz in Albania: Interview with Besnik Duraj of CMS
While the economy appears to have been doing better, on the back of infrastructural development, the internal judicial reorganization is leaving Albania in a bit of a bind, according to CMS Partner Besnik Duraj.
MPR Partners and Schoenherr Advise on V-Ridium’s Acquisition of Solar Park from Samsung C&T
MPR Partners has advised GreenVolt subsidiaries V-Ridium Solar 45 and V-Ridium Renewables on their EUR 83 million acquisition of a photovoltaic project from the Samsung C&T Corporation. Schoenherr and, reportedly, Herbert Smith Freehills advised the seller. CMS reportedly advised a consortium of banks on financing the acquisition.
CMS Successful for Kooperatsiya Parallel 2000 in Post-Privatization Dispute
CMS has successfully defended hydropower producer Kooperatsiya Parallel 2000 in a post-privatization dispute initiated by Bulgaria’s Public Enterprises and Control Agency.
Clifford Chance Advises Hillwood Polska on Financing for Logistics Park
Clifford Chance has advised Hillwood Polska on the financing for the construction of a logistics park in Sycow provided by BNP Paribas Bank Polska.
Deal Expanded: Interview with CMS on 2021 DOTY for Poland
CMS' Slawomir Czerwinski Talks About The Deal of the Year in Poland - InPost IPO.
CMS Advises Porsche on New EUR 500 Million Investment Round for Rimac
CMS has advised Porsche on a new EUR 500 million investment round into Rimac that also included, among others, Softbank and Goldman Sachs as new investors. Reportedly, Kunstek Halle & Simac, working with Latham & Watkins, advised Rimac on the deal.
Update on ESG-Related Regulations at EU Level and in Hungary
In 2019, the EU introduced the European Green Deal with clear sustainability goals to become climate neutral by 2050. Across industries, investors increasingly accept the high value of more sustainable business practices. ESG sustainability is a central consideration in business decisions in almost all economic areas. ESG covers corporate governance, environment and climate change, social and human rights, and sustainable finance. The question for companies is how they can or even must implement this and use legal instruments. However, the lack of binding law provisions, greenwashing, and the alleged sustainability of investments have undermined the importance of this topic.
A Greener Construction Sector For Turkey
Real estate is responsible for around 40% of global greenhouse gas emissions. Given the industry’s high impact, a comprehensive decarbonization strategy is essential. As environmentally conscious investors and tenants focus on zero-carbon buildings, green building ecosystems and life-cycle assessments become necessary. Accordingly, green building certification processes are needed to ensure that habitats are environmentally sustainable. These certification processes assess many building components, from ventilation systems to insulation materials, for their impact on human and environmental health.
Green Energy in Hungary – New Developments on Renewable Energy Guarantees of Origin
The rules in Hungary for guarantees of origin (GO) changed at the beginning of this year to ensure the ascension of the Hungarian Energy and Public Utility Regulatory Authority (Hungarian Energy Authority) to the European Energy Certificate System, as a result of which Hungarian GOs will be accepted on international markets.
Austrian Market Adapting to the New Realities of the Taxonomy
With the world slowly reaching what many scientists label “a point of no return” for climate change, countries worldwide are doing their best to combat environmental damage. To that end, the European Union has developed climate and energy targets for the upcoming decade, stating that it is “vital that we direct investments towards sustainable projects and activities.”
ESG: Reimagining Energy in CEE
CEE Legal Matters spoke with CMS Partners Agnieszka Skorupinska, Kostadin Sirleshtov, and Varinia Radu about the impact of ESG on the energy sector in CEE.
ESG – Risk or Opportunity for Slovakian Real Estate?
The trend towards ESG issues has increased markedly on the Slovakian commercial real estate market. More and more Slovak companies are behaving responsibly and sustainably – under pressure from tenants, employees, contractors, customers, regulators, and investors who involve ESG in their decision-making.
The Energy Efficiency of Buildings in Bulgaria
In most countries, the energy consumption of buildings reaches very high levels, making their energy efficiency potential high. Buildings play an important role in energy efficiency and make a significant contribution to combating climate change and energy consumption. Therefore, it is important to align the process, from the buildings’ design to their final completion and exploitation, with the pertinent green standards.
CMS and Baker McKenzie Advise on Medicover’s Acquisition of McFit Polska from RSG Group
CMS has advised Medicover on its acquisition of McFit Polska from RSG Group. Baker McKenzie advised the seller.
CMS Advises FAS Energy on Acquisition of Solar Power Plant in Kyiv
CMS has advised FAS Energy on the acquisition of a solar power plant being developed in the Kyiv region, with an expected capacity of 112 megawatts, from an unidentified Ukrainian developer.
Did You Know: Familiar Firms Atop 2022 CEE Leader Board
Did You Know that, according to the Activity Rankings function of the CEELMDirect website, Dentons has worked on the most deals reported on the CEE Legal Matters website this year: a remarkable 44 as of May 24, 2022. CMS is in second place with 33 deals reported on the website, with Clifford Chance (31), Sorainen (29), and Allen & Overy (25) rounding out the top five.