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Weinhold Legal and Norton Rose Advise Tauron on Creation of Joint Venture with ArcelorMittal

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Weinhold Legal and Norton Rose Fulbright have advised Tauron, a major Central European energy company, on the creation of a joint-venture with ArcelorMittal.

Both companies will hold 50% stakes in Tameh Holding, the newly created joint-venture vehicle, which will operate heat and power stations in Poland (TAMEH Polska) and the Czech Republic (TAMEH Czech). Tauron is Poland’s second largest utility company, and ArcelorMittal is the world’s largest steelmaker. ArcelorMittal is already a Tauron customer in Poland, a Tauron press release stated, and the deal will help secure that relationship, while also cutting costs for the steelmaker.       

Tameh will control two of Tauron's power stations, ZW Nowa and Elektrownia Blachownia, and two of ArcelorMittal's heat and power cogeneration stations - one in the Polish city of Krakow and one in the Czech city of Ostrava. 

The agreement between the companies closed on August 11, 2014 for a period of 15 years with the ability to extend it in the future.

Norton Rose Fulbright’s Warsaw team was led by Energy Partner Rafal Hajduk, assisted by Adam Kozlowski, Artur Jonczyk, Grzegorz Filipowicz, Konrad Kosicki, Michal Blaszkiewicz, Natalia Jankowska, and Jan Grochowicz.

Weinhold Legal’s role included "due diligence and assistance related to the contractual documentation governed by Czech law.” The firm’s team was led by Partner Daniel Weinhold, in cooperation with Managing Attorney-at-law Lukas Zahradka, among others. Weinhold commented that: "We are very pleased to have assisted in another significant transaction in the energy sector. The scope of our engagement and the ambitious time schedule required considerable effort by our experienced team.” 

 

Czech Republic Knowledge Partner

JŠK, advokátní kancelář, s.r.o. (JŠK) is a medium-sized law firm based in Prague providing a comprehensive range of commercial legal advisory services in the Czech Republic. Our team consists of almost 30 lawyers, five of whom are partners with many years of experience from leading international law firms. We advise local and international clients from banking, insurance and various industry sectors, boast a respected projects practice, and work for the public sector at the federal and municipal level.

Ever since it was founded in 2004, JŠK has striven for the epitome of professionalism, expertise and ethical integrity. We continuously seek to surpass what large global law firms can offer and to give our clients a personal approach. All mandates are equally important to us regardless of size as we guide clients through both complex and seemingly routine matters.

Our clients turn to us for advice when implementing their business plans across all areas of commercial law. We are proud members of PONTES: the CEE lawyers, a unique network of law firms through which we provide services not only in the Czech Republic but also in Austria, Bulgaria, Hungary, Poland, Romania and Slovakia.

Firm's website: http://www.jsk.cz

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