Cologne

Advertising of pharmaceuticals and medical devices is a challenging area for the Life Sciences and Healthcare industry. The legal framework is constantly changing. Due to very few laws on this area, there...

We are delighted to present the 7th edition of the CMS Guide to Anti-Bribery and Corruption Laws. Guide is now available in both offline PDF format and online on our website. The purpose of the Guide...

Hamburg – Vattenfall has sold 49% of its shares in the Nordlicht 1 and Nordlicht 2 wind farm projects to BASF. The wind farm zone consists of two separate sites and is located in the German section of the North Sea, around 85 kilometres north of the island of Borkum. The two sites, Nordlicht 1 and Nordlicht 2, have planned capacities of approximately 980 MW and 630 MW, respectively. Full commissioning is scheduled for 2028, when a total of around six terawatt hours (TWh) of electricity is expected to be generated per year, enough to power 1.6 million German households. This makes the Nordlicht wind project the biggest offshore wind farm project that Vattenfall has realised to date. Construction is expected to start in 2026, subject to the final investment decision. Vattenfall is acting as developer and builder of both Nordlicht sites.A CMS team headed by partners Dr Holger Kraft and Dr Jacob Siebert advised Vattenfall on all legal aspects of the transaction. Vattenfall and BASF signed a Memorandum of Understanding with regard to the joint project in December of last year, when the CMS team likewise advised Vattenfall. CMS Germany Dr Holger Kraft, Lead Partner Dr Jacob Siebert, Lead Part­ner Dorothée Janzen, Partner, Com­mer­cial Mat­thi­as Sethmann, Principal Counsel Dr Christoph Löffler, Counsel Dr Stefan Kühl, Senior Associate Dr Christian Seeburger, Associate, all Corporate/M&A Dr Niklas Ganssauge, Partner Mathias Cordero, Senior Associate, both Real Estate & Public Christoff Soltau, Partner Dr Denis Schlimpert, Counsel Dr Robert Bodewig, Senior Associate, all Antitrust, Competition & Trade Dr Kerstin Block, Partner, Banking & Finance Prof. Malte Grützmacher, Partner, TMC Dr Nikolas Gregor, Partner, Intellectual Prop­erty Se­basti­an Belz, Counsel Katja Meisel, Senior Associate Knut Göring-Tisch, Associate, all Public Dr Arne Burmester, Principal Counsel  Birgit Wagner, Legal Manager Shae Lynn Washington, Legal Co­ordin­at­or  Sarah Przybylski, Senior Legal Specialist Edris Trabzadah, Senior Legal Specialist Jule Marie Holz, Legal Specialist, all Smart OperationsPress Con­tact presse@cms-hs. com

Frankfurt/Main – QUARTERBACK Immobilien AG has entered into a EUR 125 million credit agreement with Deutsche Bank AG. The agreed loan will be used for acquiring renewable energy projects at an advanced stage of development, with a focus on solar. This will support the expansion of QUARTERBACK’s renewable energy business. The credit line will enable the energy developer to rapidly progress solar projects with power generation potential totalling around two gigawatts. These projects will then be sold to institutional equity investors. The initial funding has already been paid out and allocated.A CMS team headed by lead partner Dr Markus Pfaff advised QUARTERBACK on all legal aspects of the project financing. Leipzig-based QUARTERBACK Immobilien AG specialises in project development and realisation, property maintenance, portfolio expansion, administration and facility management. In the renewable energy space, the company develops large-scale solar plants for institutional investors, energy service providers and for its own power generation needs. It currently has a pipeline of around five gigawatts. CMS partner Dr Jochen Lux has been advising the QUARTERBACK Group for some time now on the acquisition and sale of development projects involving real estate and new energy. CMS Germany Dr Markus Pfaff, Lead Partner Dr André Frischemeier, Partner Hatice Akyel, Counsel Thomas Schaak, Senior Associate, all Banking & FinancePress Con­tact presse@cms-hs. com

A clear understanding of the security available is fundamental for lenders and borrowers. To assist, CMS has launched an interactive International Guide to Real Estate Finance. This provides a clear and...

Court proceedings clearly often cost a lot of time, money and internal resources, as well as damaging ongoing business relationships. So are there any alternatives? Mediation and arbitration proceedings offer a little-known but efficient option, which Claus Thiery and Sandra Renschke present in our new Litigation Matters podcast. Appearing as a guest is Dr Ulrich Hagel, CEO of EUCON, the European Institute for Conflict Management. As a recognised mediation body, EUCON provides a way of handling commercial disputes. Dr Ulrich Hagel reports at first hand on how me­di­ation/ar­bit­ra­tion proceedings work, what advantages they offer and what the differences are between them and other types of proceedings.