Common Questions

What is the REMIT II simultaneity paradox?: The simultaneity paradox under REMIT II refers to a conflict in implementing rules that would have required energy companies to report the same transaction to two EU authorities simultaneously under different timelines. Baker McKenzie's April 2026 guidance identified a transition period that eases this dual-reporting burden.Source: Baker McKenzie REMIT II guide, April 2026
What does Baker McKenzie advise on European energy market compliance?: Baker McKenzie's energy practice advises on REMIT II reporting obligations, EU sanctions compliance, and trade in energy commodities. In April 2026 it published a REMIT II implementation guide timed to the Madrid Gas Regulatory Forum.Source: event
What is Baker McKenzie known for in energy law?: Baker McKenzie's Energy, Mining and Infrastructure practice advises on EU and UK energy regulation, including REMIT II compliance, trade sanctions, and cross-border transaction structuring. Its European offices are particularly active in energy regulatory advisory work.Source: Baker McKenzie entity background
What is the simultaneity paradox in REMIT II?: The simultaneity paradox arises from the REMIT II implementing regulations requiring energy companies to report the same transaction to two different authorities simultaneously under different timelines. Baker McKenzie's April 2026 compliance guide explained that a transition period softens this obligation.Source: European Energy Markets topic
Where is Baker McKenzie headquartered?: Baker McKenzie is headquartered in Chicago, USA, with major offices across Europe, Asia and the Middle East. Its European offices handle EU energy and trade regulation advisory work.Source: Baker McKenzie entity background
How many lawyers does Baker McKenzie have?: Baker McKenzie is one of the world's largest law firms by headcount, with over 13,000 staff across more than 70 countries.Source: Baker McKenzie public record

Background

Baker McKenzie is one of the world's largest international law firms by headcount, headquartered in Chicago with major offices across Europe, Asia and the Middle East. Its Energy, Mining and Infrastructure practice and its trade and sanctions team are prominent in European energy regulation advisory work.

In April 2026 Baker McKenzie published a REMIT II compliance guide flagging the transition period that softens the so-called simultaneity paradox — a quirk in the EU Regulation on Wholesale Energy Market Integrity and Transparency's implementing rules that would have required energy companies to report the same transaction to two different authorities simultaneously under different timelines. The guide was timed to the 40th Madrid Gas Regulatory Forum on 29-30 April 2026, where REMIT 2.0 compliance was a key agenda item.

Baker McKenzie's REMIT guidance sits alongside that of regulatory technology firm KOR Financial in the reference corpus cited by European energy market participants preparing for the new reporting regime. Its analysis is widely distributed among compliance officers at trading houses, utilities and energy companies with EU market exposure.

How the World Sees Them

United States

Baker McKenzie's Chicago HQ is outside EU jurisdiction; its European offices publish the compliance analysis relevant to EU energy market participants.

United Kingdom

Post-Brexit UK energy firms operating in EU markets still face REMIT II obligations for EU-side transactions; Baker McKenzie's London office covers the cross-border dimension.

European Union (ACER)

ACER monitors compliance guidance from major law firms and regtech firms to understand how industry is interpreting the transition-period provisions of REMIT II.

European energy companies

Baker McKenzie's REMIT II guidance is a primary reference for compliance officers at trading houses preparing for dual reporting under the new implementing regulations.