NCTM wins prize for innovation at the Legalcommunity 2014 Energy awards
NCTM Studio Legale Associato has been chosen as the winner of the ‘Prize for Innovation’ award at the Legalcommunity 2014 Energy Awards, as a recognition of the work carried out for SNAM, an Italian natural gas infrastructure company and a subsidiary of Italian energy company ENI.
NCTM advised the group in its internal reorganisation and review of the corporate governance structure, with the aim to implement the principles of the third EU energy package on unbundling, and to lead it to acquire the status of independent transmission operator (ITO).
NCTM supported SNAM during the processes that saw it implementing a set of internal changes that ultimately led to the group becoming operationally, financially and administratively independent from ENI.
Partners Raffaele Caldarone and Carlo Grignani led the team involved in this project, which provided support and co-ordination in all the stages, including planning, preparation and implementation of the different legal activities required.
The jury awarded the prize, saying: ‘The firm was the protagonist of a complex reorganisation aimed to make a major operator in the natural gas distribution sector compliant to the third EU energy package, in one of the most important and innovative operations in the energy sector in Italy.’
NCTM was also shortlisted in the following categories: Law Firm of the Year — project finance; Lawyer of the Year (Eugenio Siracusa); Energies and Utilities — Lawyer of the Year (Federico Manili).
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