Practice areas

"The firm is well connected in the industry" IFLR1000

Energy in Hungary

Recent years have seen a significant pickup for us in energy projects related work, reflected in particular in the instructions received from Russian state-owned nuclear energy company in relation to the Paks nuclear plant development, having a value of far the largest in the market for many years. Further significant mandates include the sale and acquisition of two significant electricity generators, a company operating a lignite-fired power plant, two adjacent lignite mines and solar power plants in Hungary. We give advice on the implementation and development of projects, engineering and technology, licensing issues, regulatory requirements, financing and legal representation in dispute resolutions and restructuring of projects in frequently difficult circumstances, both economically and politically. Being independent from government and State related entities, our role as trusted advisors involves us in assisting in the protection of massive, billions worth investments over long periods.

Renewables have also played an important part in recent years with several clients, mainly CEE investors, acquiring development projects.