Norton Rose Fulbright has advised ING Bank Slaski on financing the construction of a 44-megawatt photovoltaic portfolio in Poland for Doral Energy. CMS reportedly advised Doral Energy.
Allen & Overy Advises Solida Capital on Acquisition of Grojecka 5 Office Building in Warsaw
Allen & Overy has advised Solida Capital on its acquisition of the Grojecka 5 office building in Warsaw from Cromwell European REIT. CMS reportedly worked on the deal as well.
CMS Successful for El Consult PV Against EPC Contractor
CMS has successfully represented El Consult PV in a civil dispute initiated by EPC contractor SimInvest claiming compensation for damages before Bulgarian courts.
BPV Huegel and CMS Advise on Verbund Acquisition of 10-Megawatt Wind Farm in Burgenland
BPV Huegel has advised Verbund on its acquisition of a Burgenland wind farm with a total nominal output of 10.15 megawatts from a private wind farm developer and operator. CMS advised the undisclosed sellers.
CMS Advises Danske Commodities on Licensing Before Bulgarian Energy and Water Regulatory Commission
CMS has advised electricity trader Danske Commodities on the licensing of its Bulgarian activities before the country's Energy and Water Regulatory Commission, including for the coordination of a standard and combined balancing group.
Closing: Borealis' Acquisition of Integra Plastics Now Closed
Boyanov & Co recently announced that Borealis' acquisition of Integra Plastics (reported by CEE Legal Matters on December 8, 2023) had closed on March 29, 2024.
CMS Successful for ACF Renewable Energy Limited in ICSID Case Against Bulgaria
CMS and King & Spalding have successfully represented ACF Renewable Energy Limited – a JV between ACWA Power, Blackrock, and Crescent Capital – in an ICSID case against Bulgaria for the breach of fair and equitable treatment under the Energy Charter Treaty, concerning the 61-megawatt Karadzhalovo photovoltaic plant built in 2012.
CMS Advises Global Biomet on EUR 50 Million Financing and Two EPCs for Aratiden PV Project in Bulgaria
CMS has advised Global Biomet on the EUR 50 million financing for the Aratiden PV project in Bulgaria granted by UniCredit Bulbank. CMS also advised on the project's two EPC contracts, with Green Solar Energy for substations and grid connection, and with Rashev & Co for the PV section.
The Debrief: April 2024
In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.
CMS Advises Ford Otosan on EUR 435 Million Financing
CMS has advised automotive manufacturing company Ford Otosan Romania on a EUR 435 million financing from a syndicate of banks, arranged by coordinating mandated lead arrangers and bookrunners Societe Generale and BRD Groupe Societe Generale.
Did You Know: Q1 Leaderboards and DOTY Awards
Did you know that the CEE Q1 leaderboards are available through the Activity Rankings function of the CEELMDirect website?
CMS Advises Cicor on Purchase of Evolution Medtec
CMS has advised the Cicor Group on its full acquisition of the Evolution Medtec Romanian engineering company.
CMS, Baker McKenzie, MJH, Wardynski & Partners, and Forton Legal Advise on Zemportic Acquisition of Bruno-Tassi
CMS has advised mBank on the PLN 42 million financing for Zemportic Investments' acquisition of Polska Grupa Bruno-Tassi. Baker McKenzie advised Zemportic Investments. Wardynski & Partners advised a consortium of banks financing Polska Grupa Bruno-Tassi. MJH Moskwa Jarmul Haladyj and Forton Legal advised Bruno-Tassi.
Bulgarian Competition Authority Sets Enforcement Priorities for 2024
Earlier this month, Bulgaria’s Competition Protection Commission (CPC) unveiled its strategic priorities for 2024, identifying sectors and activities that warrant increased regulatory scrutiny. These priorities will guide the CPC’s operational functions, which include market monitoring, signal verification, the initiation of administrative proceedings, market investigations, and ongoing enforcement actions.
Focus on Wind, Electricity Storage, and Phasing Out Lignites
Having a somewhat steady Government and Parliament since mid-2023 has led to more predictability in the Bulgarian regulatory environment for renewables. In October 2023, some important and significant changes to the RES Act entered into force, thus solidifying local support for renewable energy.
Bulgaria Updates its Copyright Act in Line with the DSM and CabSat Directives
The Bulgarian Parliament adopted amendments to the Copyright and Neighbouring Rights Act (CNRA) in December 2023 to transpose the Digital Single Market Directive (EU) 2019/ 790 and the CabSat Directive (EU) 2019/789.
Tax: A CEE Level of Intricacy
CMS Poland Managing Partner Andrzej Posniak and CMS Croatia Partner Tamara Jelic Kazic discuss the complexities and opportunities inherent to the region’s tax landscape.
Emerging Europe’s Energy Transition
Discussing how the energy markets are evolving – diversifying, moving away from dependence on Russian gas, and becoming ever-greener – CMS Partners Horea Popescu, Blazej Zagorski, Thomas Hamerl, and Maria Orlyk take a deep dive into the dynamic shifts in the energy landscape post-2022.