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Tag: Energy

BDV advised Kommunalkredit Austria AG on the EUR 25 million secured facility for Star Energy Group plc

  • Blog
[vc_row equal_columns=”true”][vc_column width=”3/4″][vc_column_text] BDV team (led by Laurenz Vuchetich, partner and Anamarija Javor, attorney at law) is proud to have advised on local law Kommunalkredit Austria AG, the leading energy and infrastructure bank, as lender in closing a EUR 25,000,000 secured facility for oil & gas UK company Star Energy Group plc, as borrower in respect of its transition strategy into geothermal energy and enabling continued investment in the Group’s oil and gas business. According to Star Energy Group plc, Chris Hopkinson, Chief Executive Officer, stated: “Securing this facility is an important milestone for Star Energy. It allows us to use cashflows from our existing oil and gas business to optimise near-term conventional production (with quick pay-backs) and deliver our transition strategy; namely developing and monetising our geothermal business in both the UK and Croatia.” The closing and activity on this deal demonstrate BDV’s ongoing presence in premier energy-related transactions in the region. More information can be found at the following link: https://lnkd.in/ePEDuwkg [/vc_column_text][/vc_column][vc_column width=”1/4″][vc_column_text]

For more information please contact

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LAURENZ W. VUCHETICH

+385 (0)1 5626 001 laurenz.vuchetich@bdvlegal.com
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ANAMARIJA JAVOR

+385 (0)1 5626 001 anamarija.javor@bdvlegal.com
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BDV advised IGeoPen d.o.o. in energy regulatory matters

  • Blog
[vc_row equal_columns=”true”][vc_column width=”3/4″][vc_column_text] BDV energy team (led by partners Laurenz W. Vuchetich and Tomislav Sadrić, alongside senior associate Anamarija Javor) advised and represented IGeoPen d.o.o. in energy regulatory matters and in the process of successfully winning 5-year permits for the exploration of geothermal water areas “Pčelić” and “Sječe” based on a tender conducted by the Croatian Hydrocarbon Agency and the Ministry of Economy and Sustainable Development. The remaining permits were awarded to the largest Croatian oil company INA Grupa – Industrija nafte d.d. and Viola Energy Generation d.o.o. More information can be found at the following link: https://lnkd.in/dAWq7U9R [/vc_column_text][/vc_column][vc_column width=”1/4″][vc_column_text]

For more information please contact

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LAURENZ W. VUCHETICH

+385 (0)1 5626 001 laurenz.vuchetich@bdvlegal.com
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Tomislav Sadrić

+385 (0)1 5626 001 tomislav.sadric@bdvlegal.com
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ANAMARIJA JAVOR

+385 (0)1 5626 001 anamarija.javor@bdvlegal.com
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Star Energy Group investment

  • Blog
[vc_row equal_columns=”true”][vc_column width=”3/4″][vc_column_text] BDV team, led by partners Laurenz Vuchetich (M&A and Energy) and Vladimir Batarelo (Tax Law) acted as Croatian legal counsel to Star Energy Group plc, a leading British energy company, on its first overseas majority acquisition in the geothermal sector from Peninsula International Pte Ltd. The Croatian target company IGeoPen d.o.o. is notably the holder of the exploration license for the Ernestinovo license area in the Pannonian Basin in eastern Croatia, whereby Star Energy Group PLC acquired a controlling stake. Through this investment, Star Energy Group PLC advances its strategy of becoming a market leader in the geothermal industry and is now among the leaders of the Croatian energy transition. The BDV energy team is delighted to have assisted in local transactional and energy regulatory matters up to deal completion. We thank Star Energy Group PLC and leading energy sector focused law firm Watson Farley & Williams for entrusting us to be part of this landmark deal. More information can be found at the following link: [/vc_column_text][/vc_column][vc_column width=”1/4″][vc_column_text]

For more information please contact

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LAURENZ W. VUCHETICH

+385 (0)1 5626 001 laurenz.vuchetich@bdvlegal.com
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VLADIMIR A. BATARELO

+385 (0)1 5626 001 vladimir.batarelo@bdvlegal.com
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Sunny Days conference 2023

[vc_row equal_columns=”true”][vc_column width=”3/4″][vc_column_text] Greatly awaited international conference “Sunny Days 2023” organized by Renewable Energy Sources of Croatia was held last week in Bol, Island of Brač. The conference is dedicated to the use of solar energy. It aims to identify methods to improve solar energy efficiency and strengthen project development through joint discussions, exchange of expertise and experiences. BDV partner Tomislav Sadrić contributed as moderator to the panel discussion on “ENERGY CHALLENGES IN THE INDUSTRY”. Tomislav guided the conversation by asking insightful questions, primarily focusing on Power Purchase Agreements (PPA) as a key tool in the development of renewable energy projects. Our partner Laurenz Vuchetich also participated in the conference. We thank the organizers and congratulate all the panelists on their excellent presentations. It was a pleasure to be part of such an impressive conference. [/vc_column_text][/vc_column][vc_column width=”1/4″][vc_column_text]

For more information please contact

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Tomislav Sadrić

+385 (0)1 5626 001 tomislav.sadric@bdvlegal.com
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LAURENZ W. VUCHETICH

+385 (0)1 5626 001 laurenz.vuchetich@bdvlegal.com
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PowerUp Conference

[vc_row equal_columns=”true”][vc_column width=”3/4″][vc_column_text]Our partners, Laurenz W. Vuchetich and Tomislav Sadrić participated in the PowerUp conference, organized by E.ON Hrvatska, at the inspiring Museum of Contemporary Art, Zagreb. Key experts from the energy sector presented their views on finding solutions for a faster green transition in the Croatian energy market. Urging challenges of transitioning to renewable energy sources were discussed, as well as possible solutions for better energy efficiency, increased independence, and reduction of CO2 emissions. We thank E.ON Hrvatska for the meticulous organization and the invitation. The E.ON Group is one of Europe’s largest operators of energy networks and energy infrastructure and a provider of innovative customer solutions for 50 million customers. More information about the conference: https://lnkd.in/eJS3UYmF[/vc_column_text][/vc_column][vc_column width=”1/4″][vc_column_text]

For more information please contact

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LAURENZ W. VUCHETICH

+385 (0)1 5626 001 laurenz.vuchetich@bdvlegal.com
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Tomislav Sadrić

+385 (0)1 5626 001 tomislav.sadric@bdvlegal.com
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RE-Source Croatia conference

[vc_row equal_columns=”true”][vc_column width=”3/4″][vc_column_text]RESC association (Renewable Energy Sources of Croatia) held the conference RE-Source Croatia – the first in the region, with the topic of developing PPA contracts as the key tool for green energy purchase directly from producers. The conference took place at the Sheraton Hotel in Zagreb, and gathered 350 participants from Croatia, the region, and EU countries. BDV partner, Laurenz Vuchetich, participated as a panelist, giving his views on PPA contracts challenges. PPA contracts, he emphasized, carry more risks, and the legal protection of buyers and suppliers will be something that the European Commission will work on in the coming period so that these contracts also provide legal and financial security for everyone. Our partners, Ivan Dvojković and Tomislav Sadrić, and attorney at law Monika Rakitničan also participated in the conference. We are pleased to have had the opportunity to be part of such a significant event, which further affirmed PPA and its role in the energy transition. We congratulate the organizers on an exceptional conference and all the panelists on their excellent presentations. More information about the conference can be found at the following link: [/vc_column_text][/vc_column][vc_column width=”1/4″][vc_column_text]

For more information please contact

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LAURENZ W. VUCHETICH

+385 (0)1 5626 001 laurenz.vuchetich@bdvlegal.com
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Partnership for Transatlantic Energy and Climate Cooperation (P-TECC)

  • Blog
[vc_row equal_columns=”true”][vc_column width=”3/4″][vc_column_text]For the next two days, the 4th meeting of the Partnership for Transatlantic Energy and Climate Cooperation (P-TECC) is taking place in Zagreb, at the Westin Hotel, organized by the Atlantic Council Global Energy Center, Croatian Ministry of Economy, and Croatian Ministry of Sustainable Development. Laurenz W. Vuchetich and Tomislav Sadrić, BDV’s partners, have been invited to participate in the meeting. CEOs and other high-level public and private industry leaders are discussing energy security, energy transition, and infrastructure projects. Further topics will cover discussion of enhancing solidarity among European countries amidst the current energy crisis. P-TECC is a US Department of Energy-led multilateral initiative that focuses on the rapid decarbonization of Central and Eastern European economies, helping strengthen energy security in the region, create business connections with US companies, and foster cooperation. More information can be found at the following link: [/vc_column_text][/vc_column][vc_column width=”1/4″][vc_column_text]

For more information please contact

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Tomislav Sadrić

+385 (0)1 5626 001 tomislav.sadric@bdvlegal.com
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LAURENZ W. VUCHETICH

+385 (0)1 5626 001 laurenz.vuchetich@bdvlegal.com
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9th MOTOVUN COLLOQUIUM 2022

  • Event
[vc_row equal_columns=”true”][vc_column width=”3/4″][vc_single_image image=”4453″ img_size=”full”][vc_column_text]The international scientific gathering – the “Motovun Colloquium”, for the ninth year in a row, took place in Motovun under the co-organization of our partner Tomislav Sadrić. The main topic of the colloquium was “protection of life in crises and crisis situations”. The theme was elicited by the current crisis and the coronavirus pandemic which had severe impact on our every-day lives. Tomislav delivered his views about the significant chain of events caused by the European energy crisis. Special attention was brought to the local communities and their entities. Energy supply problems are affecting each level of society, but most notably citizens, institutions, and entrepreneurs at the local level. Therefore, Tomislav introduced the existing legal and organizational opportunities which could help facilitate reaching more favorable, greener, and sustainable energy. Further, the potential for the development of RES projects, the benefits of energy communities, corporate PPAs, and the implementation of agrosolars in agricultural production have been discussed and analyzed. Congrats to Tomislav and all the participants for the insightful event![/vc_column_text][/vc_column][vc_column width=”1/4″][vc_column_text]

For more information please contact

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Tomislav Sadrić

+385 (0)1 5626 001 tomislav.sadric@bdvlegal.com
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Wind Farm Project

  • Blog
[vc_row equal_columns=”true”][vc_column width=”3/4″][vc_column_text]BDV (led by Vladimir Batarelo, Marko Bohaček and Antonia Ćurković) advised the sponsor company Vjetroelektrana Bruvno d.o.o. on the shareholding, structuring and financing of a wind farm project located in the Zadar County with capacity to be installed exceeding 40 MW. The project is already in the “ready to build” phase, whereby this financing and strengthening of the shareholders’ structure will contribute to a fast commercial operation commencement of the project.[/vc_column_text][/vc_column][vc_column width=”1/4″][/vc_column][/vc_row]

“Challenge of Change” Conference

[vc_row equal_columns=”true”][vc_column width=”3/4″][vc_column_text]It has been a great last week in Dubrovnik where our partners Vladimir Batarelo and Laurenz Vuchetich participated at “Challenge of Change” conference, the eleventh joint conference organized by Zagreb Stock Exchange and UMFO (Association of Pension Fund Management and Pension Insurance Companies). The conference acted as a focal point for the region’s and Croatia’s financial community with the participation of around 450 participants which discussed a number of issues related to capital markets. It was a pleasure to listen to all the panelists as well as the representatives of our clients among them. Compliments to the organizers for such exceptional conference![/vc_column_text][/vc_column][vc_column width=”1/4″][vc_column_text]

For more information please contact

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LAURENZ W. VUCHETICH

+385 (0)1 5626 001 laurenz.vuchetich@bdvlegal.com
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VLADIMIR A. BATARELO

+385 (0)1 5626 001 vladimir.batarelo@bdvlegal.com
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BDV is a new member of Renewable Energy Sources of Croatia

  • Blog
[vc_row equal_columns=”true”][vc_column width=”3/4″][vc_column_text]BDV is the first law firm that recognized the importance of sectoral connection and cooperation with the stakeholders of the RES industry in Croatia, and recently became a member of the Renewable Energy Sources of Croatia. More information on the following link: [/vc_column_text][/vc_column][vc_column width=”1/4″][vc_column_text]

For more information please contact

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LAURENZ W. VUCHETICH

+385 (0)1 5626 001 laurenz.vuchetich@bdvlegal.com
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Tomislav Sadrić

+385 (0)1 5626 001 tomislav.sadric@bdvlegal.com
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The Buzz in Croatia

  • Blog
[vc_row equal_columns=”true”][vc_column width=”3/4″][vc_column_text]BDVs partner Laurenz Vuchetich delivered his views on some of the most pressing issues in the Croatian market for the latest CEE Legal Matters interview. More information can be found at the following link: https://lnkd.in/euXUYRxR[/vc_column_text][/vc_column][vc_column width=”1/4″][vc_column_text]

For more information please contact

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LAURENZ W. VUCHETICH

+385 (0)1 5626 001 laurenz.vuchetich@bdvlegal.com
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BDV is delighted to announce that Tomislav Sadrić has joined our team as an attorney at law

[vc_row equal_columns=”true”][vc_column width=”3/4″][vc_column_text]BDV is delighted to announce that Tomislav Sadrić has joined our team as an attorney at law. Tomislav will strengthen our dispute resolution practice with an industry focus on financial services, energy and transport. Tomislav represents clients in complex litigation proceedings before commercial courts and also advises clients on public procurement matters. Tomislav was previously a team member at a leading national law firm.[/vc_column_text][/vc_column][vc_column width=”1/4″][vc_column_text]

Tomislav Sadrić

+385 (0)1 5626 001 tomislav.sadric@bdvlegal.com
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