30 Nov 2017 | 12:08 pm | 1 min. read
The international law firm Pinsent Masons has advised Wuppertaler Stadtwerke (WSW) on the introduction of its first Blockchain-based trading center for green electricity.
Wuppertaler Stadtwerke (WSW) is the first German energy provider to introduce a Blockchain-based online trading center for green electricity. Green electricity producers and customers are brought together on the "Tal.Markt". The platform allows local green electricity providers to offer and market their self-generated energy where customers can buy their electricity and compile their own energy mix every fifteen minutes. WSW, the operators of Tal.Markt, ensures that customers are supplied with electricity even when the green electricity producer is unable to supply enough electricity due to bad weather.
The Tal.Markt is based on Blockchain technology, which enables the secure completion of contracts over the internet. In addition, the blockchain technology ensures that every kilowatt hour of green electricity is only sold once to the respective customer. This is the first time that customers can independently select their electricity producer and have real proof of where the delivered electricity is produced.
Pinsent Masons advised WSW on the contract and energy law issues in relation to the implementation of diverse innovative business models and "Tal.Markt". Due to the technological complexity of the "Tal.Markt", Pinsent Masons also advised on data protection and regulatory aspects of the deal.
The Pinsent Masons team advising Wuppertaler Stadtwerke comprised: Dr. Sönke Gödeke (Partner, Energy, Corporate/Commercial, Düsseldorf, lead management), Dr. Thorsten Volz (Partner, Energy, Düsseldorf), Marc Holtorf (Partner, Intellectual Property, Munich), Sebastian Jördening, Dr. Valerian von Richthofen, Kai Paterna, Alexander Schmiegel
HMRC’s tax investigations into large businesses are now taking more than three and a half years to settle, reaching a record 43 months in 2018/19*, up 10% from 39 months in 2017/18, says Pinsent Masons the international law firm.
International law firm Pinsent Masons has appointed artist Susan Stockwell as its new Artist in Residence.
The first year of the General Data Protection Regulation (GDPR) together with the narrow reporting window, lack of detailed regulatory guidance and threat of multi-million pound fines within this, has changed the risk environment for organisations and has led to a dramatic increase in data breach notifications to the ICO, suggests a new report by Pinsent Masons, the international law firm.
On 25 April 2019, the German Federal Supreme Court (BGH) referred a question of far-reaching impact to the Court of Justice of the European Union (CJEU) for a preliminary ruling. The query relates to a model lawsuit currently pending before the German court with the collecting society VG Bild-Kunst and the German Digital Library, Deutsche Digitale Bibliothek – DDB, being parties to it.
International law firm Pinsent Masons has been named Legal Business magazine’s Law Firm of the Year for the second time in the past four years.
International law firm Pinsent Masons has successfully advised Neovasc on the appeal case for the ownership battle over European mitral heart valve patent against Edwards Life Science unit CardiAQ.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on
Location contacts
Europe: [email protected]
Asia: [email protected]
Middle East: [email protected]
Australia: [email protected]
