We advise Sinsin Europe Solar Asset Limited Partnership on the acquisition of a portfolio of pv projects of a size of 15 MWs. The mandate now is to render legal opinions on the process for the enforcement of the pledges over the shares of the Greek SPVs in order to satisfy outstanding claims under the SPA and also to litigate on several venues before the Greek Courts.
Our team is now dealing with legal issues pertaining to the rights and responsibilities of the pledgee arising out of the Pledge Agreements; the process under Greek law for the enforcement of the pledge (exequatur, recognition of foreign exequatur in Greece etc., auction) etc. We render opinions on the options under the SPA since the purchasers are in default in their payment obligations. On this matter since the SPA and the settlement agreements are governed by Maltese law we are liaising with international advisers as well.