Cuatrecasas (1)

Cuatrecasas on the negotiation of PERTE agreements

Cuatrecasas advised ‘Future: Fast Forward’, a consortium of 62 companies led by the Volkswagen Group, on the negotiation of the agreements to apply for and execute the European PERTE grants for the Electric and Connected Vehicle and on the issues that arose during the process of granting and accepting these grants.

This agreement, which amounts to €400 million, is an important milestone for the full electrification of the country and is the first step towards the installation of a battery plant in Sagunto (Valencia), with an estimated investment of €10 billion.

The team from Cuatrecasas advising ‘Future: Fast Forward’ was formed by the partners, Javier Fontcuberta, Víctor Manuel Sánchez, Hector Bros, Bernat Mullerat, Luis Pérez de Ayala, Esteban Flores; the principal associate, Miguel Weil and the lawyers, Maria Lerida, Amalur Marcos and Antonio Belda.

Irina Wakstein