Transfer of the Extra-high-voltage Grid to Swissgrid
GHR Energy Law Quarterly – March 2021
Since 2013, the national grid company Swissgrid has gradually acquired ownership of the entire transmission grid in Switzerland. However, this transaction stipulated by law is not yet fully completed. It is considered one of the largest and most complex in Switzerland. ElCom has now determined the chargeable values of the transmission network assets and has recently published the rulings. The way is, therefore, now clear for the transaction to be completed. Read more in the attached ELQ.
Cemex Group Reorganization
GHR represented Cemex in connection with the transfer of Cemex Research Group's Intellectual Property Development Activities division and its employees to Cemex Innovation Holding.
The ENERGY LAW GROUP ranked in Band 1 for Projects & Energy by Chambers and Partners Global 2021
The ENERGY LAW GROUP (ELG) has been ranked in Band 1 by Chambers and Partners Global 2021 for Projects & Energy.
GHR Rechtsanwälte AG advised on the sale of Informatio GmbH to Backup ONE AG
In February 2021, the owners of Informatio GmbH, Finsterhennen, Switzerland, sold 100% of their shares in the company to Backup ONE AG, Bern, Switzerland, for a non-disclosed purchase price.
GHR advised CEMEX in U.S.$1.75 billion Offering of its 3.875% Senior Secured Notes due 2031
On January 7, 2021, CEMEX, S.A.B. de C.V. (NYSE: CX), the global building materials company, announced the pricing of U.S.$1.75 billion of its 3.875% Senior Secured Notes due 2031 denominated in U.S. Dollars. The Notes bear interest semi-annually at an annual rate of 3.875% and mature on July 11, 2031. The closing of the offering occurred on January 12, 2021. GHR Rechtsanwälte represented CEMEX in connection with the offering.
GHR Rechtsanwälte AG advised the shareholders of Wendia Group on the sale of Wendia AG to Serviceaide, Inc.
In December 2020, the shareholders of Wendia AG, a corporation registered in Switzerland, sold 100% of their shares to Serviceaide, Inc., San José, CA/USA, for a non-disclosed purchase price.
Differences of the new Swiss Data Protection Act to the GDPR - briefly explained
In this factsheet, we compare the provisions of the new Swiss Data Protection Act with those of the European General Data Protection Regulation (GDPR) and present, on the one hand, the conceptual differences and, on the other hand, the stricter or more lenient deviations as well as the commonalities of the regulations.
Revision of the Swiss Telecommunications Act and Ordinances Access to Property Development and Building Installations
GHR Energy Law Quarterly – December 2020
The new provisions of the Telecommunications Act and the Ordinance on Telecommunications Services impose obligations on building owners with regard to property and building access. This also affects fiber optic connections. We report on this in the attached ELQ.
GHR Rechtsanwälte AG advised CEMEX in connection with the successful extension of its Facilities Agreement
GHR Rechtsanwälte AG advised CEMEX, S.A.B. de C.V. (NYSE: CX), the global building materials company, as to Swiss law on the amendment process under its July 2017 Facilities Agreement with several financial institutions which successfully closed in October 2020. As part of this amendment process, CEMEX extended approximately US$1.1 billion of term loan maturities by 3 years, from 2022 to 2025, and approximately US$1.1 billion of commitments under the revolving credit facility by one year, from 2022 to 2023. In addition, CEMEX will prepay about US$530 million corresponding to the July 2021 amortization under the Facilities Agreement to those institutions participating in the extension.
Marc Grüninger re-elected as Chairman of Lawyers Associated Worldwide
We are happy to announce that GHR Rechtsanwälte partner Marc Grüninger was re-elected as Chairman of Lawyers Associated Worldwide (www.lawyersworldwide.com) for another two-year term at LAW's Annual General Meeting which was held virtually on 22 and 23 October 2020.