Freshfields and Gleiss Lutz advise on Germany's nuclear shutdown
Freshfields Bruckhaus Deringer and Gleiss Lutz have picked up advisory mandates as German energy companies prepare for the Government's plans to phase out nuclear power plants by 2022. Herbert Smith's German alliance partner Gleiss Lutz is advising E.ON in relation to the plans to close all 17 of the country's nuclear power plants within the next 10 years, which were announced by the German coalition government at the end of May.
June 29, 2011 at 07:03 PM
2 minute read
Freshfields Bruckhaus Deringer and Gleiss Lutz have picked up advisory mandates as German energy companies prepare for the Government's plans to phase out nuclear power plants by 2022.
Herbert Smith's German alliance partner Gleiss Lutz is advising E.ON in relation to the plans to close all 17 of the country's nuclear power plants within the next 10 years, which were announced by the German coalition government at the end of May.
Meanwhile, Freshfields is understood to be advising RWE as well as E.ON, with Duesseldorf corporate partner Axel Epe, environment, plan-ning and regulatory partner Herbert Posser and finance and tax partner Jochen Ludicke acting, as well as Berlin environment, planning and regulatory partner Marcel Kaufmann.
Fellow energy companies EnBW and Vattenfall are also believed to have appointed legal advisers, with the pair having ties to firms including Clifford Chance and Linklaters.
The energy giants are considering whether they may be able to challenge the plans or claim compensation, with Gleiss reportedly advising E.ON on a document claiming that energy companies could be protected by German property laws. E.ON, which operates six reactors in Germany, is assessing the financial cost of being forced to shut its plants.
The companies are also opposed to a new tax on nuclear rods which was introduced in September last year, before Japan's Fukushima Daiichi disaster, when the government was planning to extend the lifespan of its nuclear reactors. Chancellor Angela Merkel announced a review of the policy following the crisis in Japan, leading to the U-turn.
E.ON said in a statement: "The company expects due compensation for the financial damages associated with these decisions, which is expected to amount to billions of euros."
One partner advising on the issue said: "Last year the German Government said it would extend the lives of the country's nuclear reactors but now they have changed their minds. It will be a huge financial loss to energy companies if they have to shut down."
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllLeigh Day Cleared of Wrongdoing in £55M Shell Settlement with Nigeria
2 minute readLondon Trial Against BHP for Role in Brazil Mining Disaster Begins
Trending Stories
- 1Lawyer as Whistleblower? Associate Sues Firm
- 2New Class Action Points to Fears Over Privacy, Abortions and Fertility
- 3Ex-Big Law Attorney Disbarred for Defrauding $1 Million of Client Money
- 4'New Circumstances': Winston & Strawn Seek Expedited Relief in NASCAR Antitrust Lawsuit
- 5Productivity Suite Startup Macro Announces $12 Million Funding Round
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250