WOLF THEISS is one of the largest andmost respected law firms in Central,Eastern and Southeastern Europe(CEE/SEE). We opened our first office inVienna 60 years ago. Our team nowbrings together over 340 lawyers froma diverse range of backgrounds,working in offices in 13 countriesthroughout the CEE/SEE region. Duringthat time, we have worked on manycases that have broken new ground.
We concentrate our energies on a uniquepart of the world: the complex, fast-movingmarkets of the CEE/SEE region. This is afascinating area, influenced by a variety ofcultural, political and economic trends. Weenjoy analysing and reflecting on thosechanges, drawing on our experiences, andworking on a wide range of domestic andcross-border cases.
This second edition of The Wolf Theiss Guide To: Licensing of Electricity and Gas Wholesale Activities in Central, Eastern& Southeastern Europe is intended as a practical guide to the general principles and features of the basic legislation andprocedures in the countries included in the publication.
While every effort has been made to ensure that the country guides were accurate when finalised, they should be usedonly as a general reference guide and should not be relied upon as definitive for planning or making definitive legaldecisions. In these rapidly changing legal markets, the laws and regulations are frequently revised, either by amendedlegislation or by administrative interpretation.
Status of information: Current as of 1 January 2018
Conception, design, and editing:
WOLF THEISS Rechtsanwälte GmbH & Co KG, Attorneys-at-Law Schubertring 6, 1010 Vienna, Austria
Wolf Theiss is pleased to publish the 2nd edition of The Wolf Theiss Guide To: Licensing of Electricity and GasWholesale Activities in Central, Eastern & Southeastern Europe.
In the past decade, this part of Europe has seen increasing interest in participation in the wholesale energy markets.Our energy team has handled numerous licensing procedures throughout the region both in the electricity and thenatural gas market. The most challenging aspect is often helping our clients manoeuvre through the labyrinth ofregulations, hence our decision to publish this Wolf Theiss Guide To: Licensing of Electricity and Gas WholesaleActivities in Central, Eastern & Southeastern Europe. It is intended as a practical guide to the principal regulatoryfeatures of the licensing of wholesale activities in 13 jurisdictions covered by Wolf Theiss.
In the first part of the guide, we present an executive summary of the regulatory licensing framework applicable in eachof the 13 jurisdictions covered. The second chapter of the guide contains an outline of the current status of the internalenergy market in the European Union and highlights the regulatory "patchwork" regarding access to the physicalwholesale energy markets in our region. The regulatory framework applicable in each jurisdiction is described in moredetail in the country chapters. To facilitate the reference to the relevant sections, all the country chapters follow auniform structure and start with a detailed table of contents including the relevant page numbers. When they are used,defined terms apply to the specific country chapter only.
The information contained in this Wolf Theiss guide was correct as of 1 January 2018. While every effort has beenmade to ensure that the information was accurate when finalised, the guide should be used only as a generalreference guide and should not be relied upon as definitive for planning concrete transactions. In these rapidlychanging legal markets, the laws and regulations are frequently revised, either by legislative amendments or byadministrative interpretations.
Our thanks go to all of the teams at Wolf Theiss who have enabled us to produce this guide.