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.

CMS Sofia has successfully represented Xylem in settling a dispute with a Bulgarian hydropower producer before the ICC International Court of Arbitration.

The first article in this series looked at the background to energy crisis law and its implication for the proposed single market emergency instrument (SMEI) (for further details, see "Insight into regulatory crisis instruments to solve crises in European Union").

Wolf Theiss, working with Simpson Thacher & Bartlett, has advised KKR on its USD 450 million investment in Hero Future Energies.

Eversheds Sutherland has advised Remondis Group company TSR Czech Republic on its acquisition of Barko. Tovarek, Horky and Partners advised the sellers.

Reed Smith has advised investor and manager Sirec Energy on the final closing of the European Sustainable Investments Fund, a Greek green-energy fund with total commitments of EUR 70 million.