Szabo Kelemen & Partners Andersen Attorneys has advised ADEX on the merger of BSP Energy Exchange, HUPX Hungarian Power Exchange, and SEEPEX. Kinstellar and ODI Law advised HUPX and the Hungarian Transmission System Operator Mavir on the deal. Isailovic & Partners advised SEEPEX. Lukman advised ELES and BPS on the deal.
According to BSP Energy Exchange, "as the sole owner of the three exchanges, ADEX will focus on integration efforts to enhance customer experience, maintain stable operations, and support the region’s energy transition."
"This is a game changer! I am proud and deeply touched at the same time to take part as the vision came true," commented HUPX/CEEGEX/HUDEX Head of Legal and Compliance Noemi Ujjady.
Earlier in 2024, Kinstellar advised the Hungarian Power Exchange and TSO on the Project Bluesky transaction which saw HUPX join the regional Adex power exchange (as reported by CEE Legal Matters on April 16, 2024).
The Szabo Kelemen & Partners Andersen Attorneys team included Managing Partner Peter Vincze, Senior Partner Tamas Szabo, Attorney-at-Law Dorottya Rebeka Tarba, and Legal Trainee Julia Csala.
The Kinstellar team included Partners Gabor Gelencser and Peter Voros, Managing Associate Peter Gullai, Senior Associate Aron Barta, and Associates Judit Sos and Orsolya Staniszewski.
The ODI team included Partners Tine Misic and Primoz Mikolic, Counsel Klemen Erzen, and Associates Milan Stankovic and Eva Hafnar.
The Isailovic & Partners team included Senior Partner Nikola Rodic.
Editor's Note: After this article was published, ODI Law clarified to CEE Legal Matters that it had in fact advised HUPX and Mavir on the merger, alongside Kinstellar. At the same time, CEE Legal Matters was also informed that ODL Lukman advised ELES and BPS on the deal. The article was updated to reflect this.
