Following our advices to State Grid Corporation of China (SGCC) and State Grid Europe Limited (SGEL) on the international public tender for the acquisition of a stake of 24% in the IPTO our team at the post closing period continues to be mandated for the needs of rendering opinions on several legal matters pertaining to the compliance of the IPTO with the clearance of the transaction by DG COMP and with the Certification obligations assessed on the IPTO and its shareholders as monitored both by the Greek Regulator for Energy (RAE) and DG ENERGY.
We continue to support the client on its ongoing business endeavours in Greece as a shareholder of ADMIE with joint control rights by rendering legal opinions on several corporate/business law issues. Part of our legal advice continues to extend at compliance work and public procurement regulations as applicable on construction contracts of several projects (i.e. related to HV interconnection lines, etc.).