A power converter configured for limiting switching overvoltage, comprising: a bottom commutation cell including a bottom power electronic switch (Q 1) and a freewheel diode connected in parallel to the bottom power electronic switch, the bottom power electronic switch having a bottom gate, a bottom gate driver and a bottom compensation circuit connected to the emitter side of the bottom power electronic switch to apply a sample of a voltage induced across the bottom parasitic inductance (L e-low) to the bottom gate driver at turn-off of the bottom power electronic switch (Q 1); and a top commutation cell including a top power electronic switch having a top gate and a top gate driver; wherein the top and bottom commutation cells are part of a loop, being connected at a junction of a collector of the bottom power electronic switch (Q 1) and of an emitter of the top power electronic switch (Q 2), wherein the top commutation cell further includes a top compensation circuit connected to the emitter side of the bottom power electronic switch to apply a sample of a voltage induced across the bottom parasitic inductance (Le-low) to the top gate driver at turn-off of the top power electronic switch, wherein the top compensation circuit comprises a turn-on diode (D 4) a turn-off diode and two resistors (R 5, R 6), wherein a ground reference is electrically connected to the emitter of the top power electronic switch (Q 2) via the turn-on diode (D 4), wherein the turn-on diode (D 4) is configured to be polarized to become short when an emitter voltage of the top power electronic switch (Q 2) is higher than a voltage of the ground reference, and wherein the ground reference is also electrically connected to a collector of the bottom power electronic switch (Q 1)via one of the two resistors (R 5, R 6), wherein the emitter of the top power electronic switch (Q 2) is electrically connected to the turn-on diode (D 4) via a further resistor (R D4), and the other of the two resistors (R 5, R 6) connects the ground reference to the turn-off diode (D 5) wherein the turn-off diode (D 5) is connected to the emitter side of the bottom power electronic switch and is selected such that a voltage drop across the turn-off diode (D 5) is greater than a voltage drop across the bottom freewheel diode (D 1) connected in parallel with the bottom power electronic switch (Q 1). a bottom commutation cell including a bottom power electronic switch (Q 1) and a freewheel diode connected in parallel to the bottom power electronic switch, the bottom power electronic switch having a bottom gate, a bottom gate driver and a bottom compensation circuit connected to the emitter side of the bottom power electronic switch to apply a sample of a voltage induced across the bottom parasitic inductance (L e-low) to the bottom gate driver at turn-off of the bottom power electronic switch (Q 1); and a top commutation cell including a top power electronic switch having a top gate and a top gate driver; wherein the top and bottom commutation cells are part of a loop, being connected at a junction of a collector of the bottom power electronic switch (Q 1) and of an emitter of the top power electronic switch (Q 2), wherein the top commutation cell further includes a top compensation circuit connected to the emitter side of the bottom power electronic switch to apply a sample of a voltage induced across the bottom parasitic inductance (Le-low) to the top gate driver at turn-off of the top power electronic switch, wherein the top compensation circuit comprises a turn-on diode (D 4) a turn-off diode and two resistors (R 5, R 6), wherein a ground reference is electrically connected to the emitter of the top power electronic switch (Q 2) via the turn-on diode (D 4), wherein the turn-on diode (D 4) is configured to be polarized to become short when an emitter voltage of the top power electronic switch (Q 2) is higher than a voltage of the ground reference, and wherein the ground reference is also electrically connected to a collector of the bottom power electronic switch (Q 1)via one of the two resistors (R 5, R 6), wherein the emitter of the top power electronic switch (Q 2) is electrically connected to the turn-on diode (D 4) via a further resistor (R D4), and the other of the two resistors (R 5, R 6) connects the ground reference to the turn-off diode (D 5) wherein the turn-off diode (D 5) is connected to the emitter side of the bottom power electronic switch and is selected such that a voltage drop across the turn-off diode (D 5) is greater than a voltage drop across the bottom freewheel diode (D 1) connected in parallel with the bottom power electronic switch (Q 1).