CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
Dentons and Turkish affiliate Balcioglu Selcuk Ardiyok Keki Attorney Partnership have advised Dutch Development Finance Corporation's venture capital program FMO Ventures on a EUR 5.5 million subscription for convertible notes and redeemable shares in SolarX. Satis Partners reportedly advised FMO in Mali, Burkina Faso, and Senegal. Ffooks Gokulsing reportedly advised SolarX.
CMS has advised Swedish-Swiss technology group ABB on its acquisition of Austrian energy optimization company ASKI Energy.
Lakatos Koves & Partners has advised the Japan-based Toyo Ink Group on its market entry and operation of its new battery component plant in Hungary.
B2RLaw has advised Vestas on the establishment of a factory for offshore wind turbines in Szczecin.
Bojovic Draskovic Popovic & Partners has advised CWP Global on three new renewable energy projects in Serbia with 680 megawatts in total electricity generation capacity.
Electricity generation, transmission, distribution, and trade are considered public services by court decisions. The liberal economy policies enforced following the entry into force of the 1982 Constitution also find their place in the electricity market. Accordingly, providing the public services via civil law contracts was made possible with the amendments to the Turkish Constitution in 1999.
Sorainen has advised Sunly on raising approximately EUR 200 million to expand its renewable energy portfolio in the Baltics and Poland. The fundraising included existing shareholders and new investor Mirova. Ellex and Linklaters advised Mirova on the investment.
