The firm is well known for its leading energy practice, which is well-versed in both transactional and regulatory work. Legal 500 (2012) ranks the practice in the top-tier. It is headed by name partner Dr. Kelemenis and has built a strong reputation not only in Greece but also in the wider region of southeast Europe where it has been heavily involved in energy regulation and liberalization. The practice is well-versed into both transactional and regulatory work and combines industry know-how with cutting-edge capabilities. The Greek Transmission and Market Operators, General Electric, the Greek Public Gas Corporation, Chevron, Endesa and Statkraft are just some of the major energy clients Kelemenis & Co. advises on an on-going basis for energy regulatory and commercial work. At the regulatory front, the firm has a strong track record of advising numerous regulatory bodies and organisations, such as the Energy Community Secretariat, the regulators of Greece (RAE), FYR Macedonia (ERC) and Egypt (EgyptERA), and the governments of Romania, Moldova, FYR Macedonia and Albania. In 2011 Kelemenis & Co. was chosen by the Greek government to draft the new primary law on implementing the 3rd Energy Package in Greece.
Recent highlights include:
- Advising the Greek Power Market Operator (LAGIE) on regulatory matters relating to its convergence with the EU Target Model.
- Representing the Public Gas Corporation (DEPA) in all its regulatory matters including commercial disputes with regulatory components.
- Acting for the Greek Transmission System Operator (TSO), a subsidiary of the Public Power Corporation that owns the power grid, on all regulatory, tax and large litigation matters.
- Advised the Greek Ministry of Energy in drafting the new Energy Law which set de novo the legislation on the electricity and natural gas markets, on the Greek regulator and on consumer protection in line with the 3rd EU Energy Package.
Greek Power Market Operator (LAGIE), Greek Transmission System Operator (TSO), Public Gas Corporation (DEPA), Greek Ministry of Energy, Endesa, Sunpower, Veolia, Statkraft, Protergia, Southern Coal, Energy Community Secretariat (Vienna), Osaka Gas, Coordinated Auction Office of Southeast Europe (SEE-CAO), Chevron/Texaco, General Electric, Centre for Renewable Energy Sources (CRES), Greek Regulatory Authority of Energy (RAE).
With a strong energy focus since its inception, this firm continues to be highly regarded for its transactional and regulatory advice to both public and private entities. Recently, the team assisted the system operator of PPC with regulatory and litigation proceedings. Other clients include DEPA, Endesa and Veolia.
This dynamic team has strong performance and excellent market feedback. The seven-member group covers all aspects of energy law, and has a particularly strong reputation for its regulatory practice. It works with national and international investors, as well as drafting the new law transposing EU directives into Greek legislation for the Greek Ministry of Energy and Environment in 2011. Other clients include major domestic and international corporates such as the Greek Public Gas Corporation (DEPA), Endesa, Veolia and Chevron.
Sources say: “Excellent in terms of quality of the work and very solid knowledge of European legislation and how to implement it in Greece.” “A smooth collaboration, the team anticipates your needs and gives realistic deadlines.”
Yannis Kelemenis has made a strong name for himself in this field, especially on mandates relating to wind farms and solar plants. He is praised across the board, with sources commenting: “His involvement in energy is very intimate and his knowledge is excellent. He is one of the experts on energy.” Konstantina Soultati has “solid knowledge of the subject and also the skill to develop new orientation and new alternatives”, according to interviewees. Clients appreciate her “extremely helpful and well-informed” advice.
Yannis Kelemenis and Ioanna Lazaridou at Kelemenis & Co. are both well regarded for their energy work, whether it be on renewables or oil, gas and power. The firm has helped the Greek Ministry for Energy and the Environment on the drafting of EU-compliant Greek electricity and natural gas legislation. Sunpower and the DEPA are also clients.
Kelemenis & Co. is “an up-and-coming firm with an excellent reputation in energy”, with name partner Yannis Kelemenis displaying “strong depth and variety of energy expertise”. It handles corporate, regulatory and contentious matters for General Electric and has been advising Endesa Hellas on the construction of a thermal power plant.