Nuclear Energy overview

Guiding nuclear energy's resurgence

Nuclear energy, a high-density low-carbon energy source, strengthens energy security, complements renewables on the path to net-zero, and supports growing power demands from data centers, AI, and other power-intensive industries. As a result, it has seen sustained global growth. Governments, utilities, developers and investors are directing significant capital toward extending the life of existing reactors, restarting operations and advancing new-build programs, including small modular and next-generation reactor technologies. At the same time, they must navigate evolving regulatory, financing and public policy expectations. Building on our experience across global energy markets and a track record in complex, capital-intensive projects, we help clients design, structure, and deliver nuclear assets that meet these strategic, regulatory and commercial demands.

Deep sector insight and experience across the value chain

With the support of our dedicated nuclear team, we advise across major and emerging energy markets at every stage of the nuclear value chain. The Firm supports governments, sponsors, operators, investors, utilities, suppliers and fuel-cycle companies on the legal, regulatory and commercial aspects of financing, developing, licensing, operating and decommissioning nuclear assets, as well as the deployment of advanced nuclear technologies, such as small modular reactors and maritime nuclear technologies, and advises on complex international trade and export control regimes governing nuclear materials, technology and services. With deep industry experience and an active role in key forums shaping the future of nuclear energy, we offer valuable insight into the sector’s evolving role in delivering energy security and a low carbon future, and can advise our clients on matters across the full life cycle of nuclear projects and the nuclear fuel cycle, including:

Mining and milling
Conversion and enrichment
Fuel fabrication and fuel supply
Construction, manufacturing and commissioning
Power generation and plant operations
Storage and transport
Decommissioning, defueling, recycling and reprocessing used fuel, interim and final waste disposal, and site remediation

Full‑spectrum legal capabilities for nuclear projects

Nuclear projects demand precise, simultaneous coordination across multiple legal disciplines. Our multidisciplinary teams, in close collaboration with our dedicated nuclear group, advise on:

Regulatory and licensing: Domestic and international frameworks, permitting, and foreign investment control
Nuclear liability: International and domestic liability regimes, indemnity and insurance arrangements, allocation of risk and interface with contractual frameworks
Projects and procurement: Development strategies, tendering and contracting, EPC and supply chain arrangements
Structuring and finance: Project structuring, financing arrangements, and government support mechanisms
Corporate and partnerships: M&A, joint ventures, and strategic investments
Fuel-cycle and back‑end: Mining, fuel processing and supply, plant operation and lifetime extension, decommissioning and waste management
Trade and compliance: Export controls, sanctions, and regulatory obligations
Disputes and risk management: Risk analysis, claims management, litigation, and arbitration

As a member of the World Nuclear Association and the European Industrial Alliance on Small Modular Reactors, we engage directly with the industry initiatives and policy discussions that are shaping nuclear energy's next phase of development. This gives our teams early, practical insight into the regulatory frameworks, technology standards, and commercial models emerging around SMR deployment and advanced nuclear technologies. The scope of our mandates and sector engagement gives us a clear view of the technical, regulatory and commercial connections among nuclear projects, and reinforces our understanding of the complex coordination required at every stage.

Global insight, integrated execution

We have a longstanding record of delivering first-of-a-kind transactions in established and emerging energy markets worldwide. As nuclear's importance in global energy policy and investment continues to grow, we bring together teams across practices and offices, and help clients manage risk, respond to evolving expectations and deliver nuclear projects that are both commercially viable and aligned with the sector’s long-term trajectory.

Nuclear Energy experience

North America

Lightbridge Corporation
Representation of Nasdaq-listed nuclear fuel technology company Lightbridge in a joint venture dispute with French nuclear reactor company Framatome, a subsidiary of Électricité de France (EDF).

Latin America

Nucleoeléctrica Argentina SA
Advising Nucleoeléctrica Argentina SA in respect of the procurement of two nuclear power plants from China National Nuclear Corporation. Our role included advising on procurement structures, key areas of risk, and approaches to risk allocation and assistance with drafting a single EPC contract in order to allow the construction of the two NPPs in separate phases.

Asia-Pacific

Taishan NPP
Representation of China Development Bank and Bank of China Limited in connection with the financing of the Taishan NPP, the first EPR project in China. In the first phase, we advised on an appr. US$2.5 billion financing to purchase equipment and technology from Areva and Alstom for an NPP. In the second phase, we advised on the structuring, negotiation and drafting of the financing documentation in connection with a US$4.9 billion syndicated loan facility to finance the procurement and construction of the Taishan NPP.

UzAtom
Representation of the Agency for the Development of Nuclear Energy (UzAtom) in connection with the first NPP construction project in Uzbekistan, with a capacity of 2.4 GWe.

Kazatomprom
Representation of Nukem, Inc. in connection with various issues related to its nuclear activities in Kazakhstan, including the establishment of a Kazakh joint venture with NAC Kazatomprom.

EMEA

Saudi Power Procurement Company
Representation of Saudi Power Procurement Company, as an offtaker, in connection with the procurement, construction, operation and maintenance of a new NPP in the Kingdom of Saudi Arabia.

Major large-scale nuclear project
Representation of the lenders in connection with the financing of a major multibillion-dollar large-scale nuclear project in Europe.

Sinop NPP
Representation of Taisei Corporation, as a member of a contractor consortium consisting of Taisei Corporation and Mitsubishi Heavy Industries, in the drafting and negotiation of the engineering, procurement and construction (EPC) contract for the construction of the 5,000 MWe Sinop NPP in Türkiye.

Barakah NPP
Representation of the Abu Dhabi Water and Electricity Authority in connection with the development of the US$35 billion Barakah nuclear power plant in Abu Dhabi, UAE. This 5,668 MWe project represents the UAE's first nuclear energy project and is one of the largest in the world.

Loviisa NPP
Representation of Fortum Power and Heat Oy in connection with the development of the Loviisa 3 nuclear power unit on Hästholem Island in Loviisa, Finland.

Swiss NPP
Representation of the owner in the replacement of two existing NPPs in Switzerland, including advising on project procurement strategies, preparing the prequalification invitation for the plant contracts, advising on the tendering process, advising on the evaluation of bids and assisting in the preparation of the evaluation report.

ESKOM
Representation of ESKOM in relation to a multibillion-dollar NPP project and a fleet of nuclear plant options on the African continent, including long-term strategy, preparing tender packages, EPC contracts, and nuclear fuel supply and enriched uranium product contracts, evaluating tender proposals and negotiating with the bidders.

Slovenské elektrárne, a.s.
Representation of ČEZ in connection with its bid to acquire Slovenské elektrárne, a.s., a major Slovak energy company, from the Slovak government. The transaction involved significant advice on energy regulatory issues, including radioactive waste management regulation and hydro energy generation. We also advised on European and local merger control implications and state aid approvals.

Mochovce NPP
Representation of Škoda JS a.s. in connection with the bidding and construction of a multi-billion-euro 880 MWe capacity NPP in Mochovce, Slovakia.

Representation of Bawag Bank CZ (currently LBBW a.s.) in connection with the provision of a loan to Slovenské elektrárne, a.s. in order to finance the completion of the Mochovce NPP.

Representation of HSBC Bank plc in connection with the provision of a bank guarantee facility insured by EGAP for the purpose of the issuance of bank guarantees in connection with the delivery by ŠKODA JS a.s. of two new units for the Mochovce NPP in Slovakia. Our assignment further included review and negotiations of the EPC contract for the delivery of nuclear islands for the two new units of the Mochovce NPP.

Temelín NPP
Representation of ČEZ in connection with US$370 million term credit facility arranged by a syndicate of foreign banks led by Citibank International Plc. and guaranteed by the US Export-Import Bank for the financing of the Temelín NPP.

Cernavodă NPP
Representation of the joint venture company formed by Nuclearelectrica, ArcelorMittal, ČEZ, GDFSuez, Enel, Iberdola and RWE, latterly EnergoNuclear S.A., in all aspects related to the pre-project phase for the development, construction and operation of units 3 and 4 of Cernavodă NPP. Estimated at appr. €4 billion, this is one of the most important projects rolled out in Romania. Our assistance included a wide variety of aspects, such as regulatory, licensing, financing, public procurement and contracts.

Olkiluoto NPP
Representation of Teollisuuden Voima Oyj (TVO), a Finnish electricity producer, in the Olkiluoto 3 EPR (OL3) project in Finland. This included providing advice and support at all levels, from day-to-day issues with the engineers and contracts administrators onsite, to commercial and legal strategic advice to senior management. We have also advised in relation to contract administration, licensing issues, project claims management and multiple disputes with the turnkey supplier that have been the subject of numerous adjudications/ expert determinations and arbitrations, including a multibillion-euro ICC arbitration.

Électricité de France
Representation of Électricité de France (EDF)'s lenders in relation to the acquisition of British Energy by EDF for £12.4 billion in the United Kingdom. British Energy owned and operated eight units with a combined capacity of almost 9,000 MWe. We also advised on nuclear liability issues, environmental issues and applicable regulatory framework as part of the transaction, as well as complex governmental regulatory requirements, for which we undertook an extensive due diligence exercise.

Oskarshamn NPP
Representation of a client in connection with liability issues related to the supply contract between ŠKODA JS a.s. and Areva in relation to the construction of the Oskarshamn NPP in Sweden.

Belene NPP
Representation of ČEZ, a.s. in its bid for the sale of its minority equity stake in the project company involved in the Belene NPP in Bulgaria.

Dukovany NPP
Representation of ČEZ, a.s. regarding the negotiation of amendments to the agreement on performance enhancement of the Dukovany NPP in the Czech Republic.

ŠKODA JS
Representation of ŠKODA JS a.s. in connection with the EPC contract (and amendments thereto) for the delivery of nuclear islands for the two new units of the Mochovce NPP in Slovakia. The project advice covered, among other things, the public procurement phase, the EPC contract negotiation phase as well as the EPC contract implementation, including numerous amendments to the EPC contract.

NEK
Representation of NEK, Bulgaria's national electricity company, in two ICC arbitrations with €1 billion in dispute against Atomstroyexport, a subsidiary of Rosatom, resulting from Bulgaria's decision to cancel the plant to build an NPP at Belene.

Construction dispute
Representing a large European employer in an adjudication proceeding against one of its contractors involving a delay-related dispute in the context of a significant nuclear power project.

Nuclear liability & insurance
Advising on nuclear liability issues worldwide.