CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
On 29 June 2023, Deforestation-free Products Regulation ((EU) 2023/1115) entered into force with the aim of minimising the EU’s contribution to deforestation and forest degradation worldwide. Combating deforestation and forest degradation constitutes an important part of the package of measures needed to reduce greenhouse gas emissions and global biodiversity loss.
Nove has advised Estonian renewable energy company Sunly on the construction agreements for a 45-megawatt solar park in Estonia with contractors Smartecon and Connecto.
Critical legislative occurrences in Bosnia & Herzegovina – primarily focusing on the Constitutional Court, the electricity sector, as well as e-money – are the talk of the town, according to Dimitrijevic & Partners Partner Nina Vjestica.
The European Union has initiated the world’s first carbon border tax, known as the Carbon Border Adjustment Mechanism (CBAM), in a strategic move to tackle the mounting concerns of climate change.
Bahas Gramatidis & Partners, working with Gianni & Origoni, has advised Enel SpA on the sale of a 50% stake in its wholly-owned subsidiary Enel Green Power Hellas to Macquarie Asset Management for approximately EUR 345 million. The Koutalidis law firm, working with Jones Day, reportedly advised MAM.
White & Case Turkish affiliate GKC Partners has advised TotalEnergies Renewables on its acquisition of a 50% stake in hydroelectric power company Ronesans Enerji. Baker McKenzie Turkish affiliate Esin Attorney Partnership advised Ronesans Holding's Ronesans Yenilenebilir Enerji on the sale.
Former Senior Associate Nigar Gokmen has been promoted to a Partner position with the Esin Attorney Partnership, the Turkish affiliate of Baker McKenzie. Gokmen has also become the firm’s new Head of Energy, Mining & Infrastructure, and Real Estate practices.
