El Salvador

Dentons has advised Bank Gospodarstwa Krajowego (BGK), the Polish development bank, on a long-term investment loan of up to US$60 million granted to the Molo Group, owned by the Slominski family. The financing will be used to build a hotel complex with 251 rooms and suites on Providenciales, the main island of the Turks and Caicos archipelago in the Caribbean. The buildings will be constructed from equipment and modules manufactured in Poland. “It has been a great pleasure and satisfaction to assist BGK with this prestigious financing transaction, supporting the expansion of Molo Group in their largest investment to date. This project not only promotes Polish exports but also features exceptional hotel developments in some of the most stunning locations in the Caribbean”, said Tomasz Zwoliński, partner in the Banking and Finance practice in Warsaw. The complex includes two modular hotels: the 4-star boutique Indigo hotel and the 5-star Kimpton hotel. Both brands are owned by the international IHG group. The Indigo hotel is scheduled for completion by the end of 2025, while the Kimpton is scheduled for completion in the first half of 2027. Tomasz Zwoliński supervised and led the cross-border project, advising on English and Polish law matters related to preparing, negotiating and signing the finance documents and securities, which covered five jurisdictions and involved collateral and mechanisms related to hurricane risk. He was supported by Jakub Zienkiewicz (counsel) and Kamil Bator (associate) from the Banking and Finance team in Warsaw. The transaction team also included partner Babette Märzheuser-Wood, Global Head of the Franchise Group, and Agnieszka Nagórska-Kordeczka (counsel), who advised on hotel franchise agreements. Dentons worked alongside teams from Griffiths & Partners, who served as Turks and Caicos counsel, and Massiah Law, acting as Gibraltar law counsel, both members of the Nextlaw referral network. About Dentons Across over 80 countries, Dentons helps you grow, protect, operate and finance your organization by providing uniquely global and deeply local legal solutions. Polycentric, purpose-driven and committed to inclusion, diversity, equity and sustainability, we focus on what matters most to you. dentons.com Media contact Lidia Adamczyk Communications, Marketing & Business Development Manager +48 513 045 352 [email protected]  

The agreement for the acquisition of 100% of the shares of Digicel El Salvador by General International Telecom El Salvador, S.A. represents one of the most significant corporate transactions in the Salvadoran telecommunications sector in recent years and is a transaction of particular importance for a sector that is strategic to the country’s connectivity and economic development.In this transaction, Consortium Legal served as the Salvadoran legal counsel to Digicel Group, providing comprehensive advice on the legal, tax, regulatory, and antitrust aspects of the transaction. The firm’s support included structuring the transaction, conducting seller due diligence, preparing the data room, and reviewing and negotiating binding offers and other transaction documents.The transaction reflects the dynamism of the Salvadoran market and the growing importance of large-scale corporate transactions in strategic sectors. Its closing is subject to obtaining the necessary regulatory approvals, a process in which Consortium Legal continues to advise Digicel Group.“This is a transaction of particular significance for El Salvador, both due to its scale and because it takes place in a sector that is strategic for the country’s economy and connectivity. We are pleased to support Digicel Group in a transaction of this nature, drawing on our expertise in corporate, tax, regulatory, and competition matters. Currently, the transaction is subject to the necessary regulatory approvals, a process we will continue to support alongside our client until its completion”, said Óscar Samour, lead partner at Consortium Legal in El Salvador.This transaction reaffirms the firm’s expertise in advising domestic and international companies on highly complex corporate transactions of significant market relevance, through multidisciplinary teams capable of supporting all stages of a transaction.The Consortium Legal team was led by Óscar Samour and Felipe Aragón, partners at the firm in El Salvador, and their teams, who provided advice on the various legal, tax, regulatory, and antitrust aspects of the transaction.