INDUSTRY
Energy
The energy industry has been under more scrutiny than perhaps any other in the past decade. With increasing global demand for energy, coupled with the need to reduce the environmental impact of energy production, the world is indeed at a crossroads. In our region there is both a reliance on coal and nuclear power, and the beginnings of a move towards renewable energy. Alongside the continued development of traditional energy, there has been investment in geothermal, wind, hydroelectric and especially solar energy. Moving forward in these areas without disrupting economic growth requires a fine balance – one that many businesses and investors are trying to strike today.
We know that the energy sector presents both challenges and opportunities. We specialise in offering comprehensive legal advice on all matters related to alternative energy. We have worked on the financing of wind and photovoltaic power plant projects, and carried out assessments on the influence of building plans on public health and the environment. We regularly assist energy sector clients in areas such as dispute resolution, corporate transactions, financing and restructuring and insolvency. We also help businesses comply with environmental and competition regulations.
Read PRK’s contribution to the Alternative Energy & Power 2023 Chambers Global Practice Guide.
References
We advised J & T BANKA on its granting of a loan facility to refinance the existing bank loans of Českomoravská distribuce.
We represent a leading construction company in the energy sector on an ongoing basis in three interconnected disputes relating to a contract with a subcontractor. The work was part of a project in the energy sector worth CZK 16 billion (approximately EUR 625 million).
