The international law firm bpv BRAUN PARTNERS has provided comprehensive legal advice to domestic investment fund CREDITAS ASSETS on the sale of UK energy company Green Bess Developments developing large-capacity battery storage facilities.
The transaction involved four major battery storage projects in the UK. Three of these projects are located in Scotland and each has a planned capacity of 500 megawatts. The fourth project, located in England, will be developed in two phases – the first phase envisages a capacity of 450 megawatts and the second is expected to reach up to one gigawatt.
Legal advice was provided by the transaction team led by the firm’s partner Mgr. David Vosol, M.B.A. and attorneys Mgr. David Plevka and Mgr. Pavel Březina.
“As part of our comprehensive legal advisory services to the investment fund CREDITAS ASSETS, we coordinated the preparation and review of the complete transaction documentation as “lead counsel” and participated significantly in the negotiations on the structure and terms of the transaction,” says partner David Vosol, “In the preparation and completion of the transaction, we cooperated with the British law firm Watson Farley & Williams, whose support we have had excellent experience with in several previous international transactions.” adds attorney David Plevka.
Investment fund CREDITAS ASSETS, established in 2020, focuses primarily on investments in the energy sector and owns equity interests in companies engaged in the generation, distribution and trading of electricity.
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The amendment to the consumer law came into force on January 6th 2023. In practice, this means that a purchase contract concluded today is already subject to the amended consumer law.
