Both firms were asked to bid to the attorney general to advise on changes required to the legislation of Cyprus. The changes will harmonise it with the EU's directives on the internal market in electricity.
Norton Rose's team will be headed up by partner Richard Metcalf, who will spend 50 per cent of his time working on the project for the remainder of this year.
Norton Rose has called in local firm Lellos P Demetriades Law Office to work alongside it, and Metcalf will spend a third of his time on the ground in Cyprus.
Metcalf said: “We got the opportunity to bid on it because we've been doing a lot down in Germany and in Cyprus for a number of years. Through our commercial and shipping practices, we keep in touch with local law firms down there who are quite well connected.”
He said that the firm has made a point of targeting a number of countries in the region for similar projects.
“This job involves a fairly aggressive timetable,” he said. “Essentially, we've got to get the first phase of the project done by the end of the year.”
Camerons partner Robert Lane said: “Our view is that you win some, you lose some. It's not a huge project, but every piece of work is nice to win.”
Camerons is currently working on electricity restructuring projects in Russia, Thailand and Nigeria.
Linklaters & Alliance has already identified four US firms with which it could do a transatlantic deal – just as former Alliance chief executive Terence Kyle steps into his new role of managing partner of the Americas. “We’ve done a fairly intensive analysis,” said Kyle. “They’re very different organisations in many different ways.”Kyle declined to […]