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Legal Masterclass
EFET Master Trading Agreements & the Extended EFET Universe
28–29 October 2025 | Vienna | In-person only
Join us in Vienna for a two-day deep dive into EFET documentation. This in-person course provides a comprehensive overview of the EFET General Agreements for Electricity and Natural Gas and the extended EFET universe, including key appendices, certificates documentation, the Credit Support Annex (CSA), the Master Netting Agreement (MNA), and the Cross Product Master Agreement (CPMA).
Special focus will be given to the consolidated versions of the General Agreements endorsed in June 2025, highlighting what has changed and how these changes impact practice.
We are delighted by the strong interest in our Legal Masterclass. The event is now fully booked.
If you would like to be added to the waiting list and receive updates about future masterclasses, please contact LCsecretariat@energytraderseurope.org
Practical details
- Dates: 28 October (12:00–17:00) & 29 October (09:30–15:00) CET
- Venue: Hotel Astoria, Kärntner Straße 32-34, 1010 Vienna (entrance via Führichgasse 1)
Fees
- 1,199.00 EUR - Non-member company of Energy Traders Europe
- 899.25 EUR - Member of Energy Traders Europe (Regular/Associate) but not a member of the Legal Committee
- 599.50 EUR - Member of Energy Traders Europe (Regular/Associate) and member of the Legal Committee
The discount also applies retroactively if a company becomes a member of Energy Traders Europe and/or its Legal Committee by the end of 2025.
What you will learn?
- Structure, content, and key provisions of the EFET General Agreements
- Differences between the General Agreements for Electricity and Gas
- Practical approaches to the Election Sheet
- Termination rights, governing law, and enforceability of close-out netting
- Supporting documentation: Gas appendices, GTMA Appendix, and emission allowance appendices
- Introduction to other EFET documentation (including Certificates Master Agreement, MNA, CPMA, and CSA)
- Emerging initiatives (including EMIR and REMIT documentation and the Biogas Agreement)
- EDRS Platform (the Electronic Document Ratification System) process for updating documents
Who should attend?
This course is designed for:
- Lawyers and in-house counsel advising on EFET agreements
- Paralegals and legal operations professionals
- Credit and risk teams handling EFET documentation
PRESENTERS
Michaela Duve
Michaela has been Chair of the Legal Committee at Energy Traders Europe since March 2023. She founded Duve Legal Consulting in 2012, a boutique law firm specialising in energy and commodity law under German and European regulation. Previously, she was Senior Legal Counsel at RWE Supply & Trading in London, advising on electricity, gas, allowances, and weather trading, while also overseeing contract management. She also worked at Barclays Capital in London as a specialist in energy and emissions trading agreements. Earlier in her career, she contributed to the liberalisation of Germany’s electricity and gas markets and published articles on the development of the gas market.
Sonia Auguscik
Sonia has been part of the Legal Committee Secretariat since 2019, where she supports the development and updating of EFET trading documentation. She previously worked as an in-house lawyer at a commodity trading company, advising on gas and electricity trading, regulatory compliance, and contract negotiations. Her expertise covers both legal and practical aspects of energy trading. Sonia holds a Master of Laws (LL.M.) from the University of Warsaw and a Diploma in English and EU Law from the British Law Centre. She brings a strong combination of industry experience and legal training to her work with Energy Traders Europe
AGENDA
Day 1 |
12:00 – 13:00 - Registration & Sandwich Lunch |
13:00 – 14:30 - Introduction to the EFET General Agreements Concerning the Delivery and Acceptance of Electricity and Natural Gas:
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14:30 – 15:00* - Coffee Break |
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15:00 – 16:30* - EFET General Agreements Concerning the Delivery and Acceptance of Electricity and Natural Gas:
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Closing with Q&A Session |
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End of the Workshop - Day 1 |
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Day 2 |
09:30 – 11:30 - EFET General Agreements Concerning the Delivery and Acceptance of Electricity and Natural Gas - continued:
Enforceability of Close-Out Netting in European Jurisdictions:
Amending and Supporting Documentation to the EFET General Agreements:
EDRS Process for Updating Standardised Documentation
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11:30 – 12:00* - Coffee Break |
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12:00 – 14:00* - Additional Documentation and New Initiatives
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Closing with Q&A Session |
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14:00 – 15:00 – Lunch |
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End of the Workshop - Day 2 |