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CMS Bureau Francis Lefebvre advises BKW Energy in the Ascometal case

02/06/2014

CMS Bureau Francis Lefebvre recently assisted BKW Energie within the scope of the Ascometal judicial reorganisation, a case that gave rise to the judgement of 22 May in which the Nanterre Commercial Court upheld the offer of the Sparkling Industry Group, supported by a group of French and European investors.

In addition to the iron and steel asset takeover offers already made, BKW Energie made an offer before the Nanterre Commercial Court to build a partnership to develop the Ascometal “run-of-the-river” hydroelectric power stations, for which it was already negotiating with Ascometal before the liquidation.

The CMS Bureau Francis Lefebvre team for this case consisted of:

  • Alexandre Bastos and Guillaume Bouté (Insolvency & Restructuring)
  • Jacques Isnard and Thomas Hains (Corporate)
  • Christophe Barthélemy and Aurore-Emmanuelle Rubio (Energy, Public Law)
  • Laurent Hepp and Florian Burnat (Tax)

About the BKW Energie Group:

The BKW Group is one of Switzerland's top three electricity companies. It employs more than 3,000 people and covers all stages of energy supply, from production and transmission to trading and distribution. Directly and indirectly via its distribution partners, BKW supplies power to more than a million people. The BKW production portfolio incorporates hydroelectric and nuclear power plants, gas-fired combined-cycle power plants and renewable energy facilities in Switzerland and other parts of Europe.


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