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BANKING & FINANCE

A finance transaction, in our view, should not be a tussle between two opposing parties. After all, the bank and the borrower share a common aim: to establish a financing structure that helps to ensure the successful operation of the financed project, which in turn generates the funds to repay the loan. We keep this concept in our mind when upon drafting the documentation.
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OUR LATEST POSTS

Boglárka Zsibrita

Another burden on renewable energy companies?

Boglárka Zsibrita | 4 October 2022

On 30 September 2022 the Council of the European Union discussed and adopted a draft EU extra tax regulation aimed at the energy sector. Under the regulation, member states will receive, as budget revenue, part of the windfall profits generated by the energy sector. For Hungarian operators, the legislation is particularly important in view of the windfall taxes introduced for renewable energy producers in June 2022.

Boglárka Zsibrita

New vehicles for the selling of green energy – towards a free market?

Boglárka Zsibrita | 6 January 2022

While market players are finding it increasingly difficult to acquire energy in the quantities needed for their operations, and with skyrocketing energy prices only making matters worse, the government incentive schemes that are available no longer provide a financially viable alternative for power plant developers. The solution may lie in selling electricity on the open market – though key to this will be deciding on a legal framework that’s acceptable to all parties involved, including the lending banks.