Gus J. Papamichalopoulos at the 23rd National Conference "Energy & Development 2018"

Gus J. Papamichalopoulos, Head of KG Law Firm’s Energy Infrastructure team and Deputy Chairman of IENE - Institute of Energy for South-East Europe, acted as a coordinator of the first session "Energy Markets in Transition" at the 23rd National Conference "Energy & Development 2018" on 22 November 2018. For more information, click here.

KALO & ASSOCIATES Advised EBRD

KALO & ASSOCIATES advised the European Bank for Reconstruction and Development (EBRD) on a EUR 6 million loan that EBRD is providing to Union Bank Albania under the Green Economy Financing Facility for the Western Balkans. For more information, please visit https://www.ebrd.com/news/2018/ebrd-lends-6-million-to-union-bank-to-boost-green-energy-investments-in-albania.html

BDK Advokati on Legal Framework Conductive to Investments in the Mining Industry

The 8th International Conference on Mineral Resources held on 13-14 November 2018 in Belgrade welcomed experts from the government and the private sectors to discuss topics relevant for the mining industry. Janko Nikolic, Senior Associate at BDK Advokati, participated at the panel on project financing and legal framework in the mining business. He provided an overview of relevant legal norms in Serbia, commending Serbia’s Mining Act of 2015 as a modern piece of legislation that has been recognised as favourable and conducive to further development of the industry in Serbia. Janko stressed the…

KG Supported the 3rd SE Europe Hydrocarbons Upstream Workshop

The 3rd SE Europe Hydrocarbons Upstream was the topic of the successful workshop held on 30 – 31 October 2018 by the Institute of Energy for South-East Europe (IENE). The event was attended by professionals and dignitaries from all over the world. For more information, please click here.

Albania Adopts New Support Schemes for Solar and Wind Power Plants

Flavia Xhafo, Senior Associate at KALO & ASSOCIATES discussed Albania’s potential in developing other sources of renewables, such as solar or wind power plants, in addition to hydropower plants, generating more than 95% of the electricity in Albania. In February 2017, the Parliament approved the new law on Incentives for Using of Energy from Renewable Sources (the “2017 RES Law”), which is partially aligned with the EU RES Directive No. 2009/28/EC, as part of the Acquis – an obligation Albania has as a potential candidate for accession to EU. The 2017 RES Law establishes the broad…

KG Law Firm Advises on Financing of Wind Farms in Greece

Kyriakides Georgopoulos Law Firm acted as a joint Greek legal advisor to European Investment Bank and to Alpha Bank A.E. on financing of two wind parks in northern Greece. The financing was structured on a limited recourse project finance basis by means of a long-term facility in the form of a hybrid bond loan governed by the Greek Bond Law No. 3156/2003 and German law, along with relevant Greek law security documents for each Project Company. The European Investment Bank's loan is backed by the EU budget guarantee of the European Fund for Strategic Investments, the financial instrument of the…