Dentons Paz Horowitz > Quito, Ecuador > Firm Profile

Dentons Paz Horowitz
Calle del establo y calle E.
Site Center, Torre 1, oficina 301.
Cumbaya, Quito
Ecuador

Ecuador > Dispute resolution Tier 2

Dentons Paz Horowitz, the Ecuadorian branch of global firm Dentons, which was formed through its merger with local practice Paz Horowitz Abogados in July 2021, is well placed to handle cross-border matters, and has seen a recent uptick in arbitration and mediation work, including several international cases. The team represents clients from a wide range of industries, with notable recent instructions in the fields of aviation, pharmaceuticals, oil and gas, and mining. Procurement and administrative law specialist Agustín Acosta Cárdenas leads the team alongside Patricia Andrade, who handles labour disputes, and associate Leyre Suarez, who is active across the full spectrum of contentious work. Founding partner Jorge Paz-Durini is another key figure within the team, particularly for arbitration matters.

Practice head(s):

Agustín Acosta; Leyre Suarez; Patricia Andrade

Testimonials

‘They are very professional and handle cases with expertise.’

‘Jorge Paz is our main contact and is very knowledgeable about Ecuadorian law and court procedures.’

‘It is truly a great team. The advice is very good and covers all of our concerns about the case.’

‘They are very attentive, knowledgeable and available, and take the time to explain all the different scenarios.’

‘The team have many strengths: they maintain good communication with clients, they are organised and work well internally, they anticipate problems and correct them immediately, and they pay attention to detail. They are skilled in negotiating and reaching agreements with the other party, and they have good experience in handling litigation.’

‘They identify the priorities so they can address what is needed at the right time. They are organised and follow up on details. We feel they really care about the welfare of our company.’

Key clients

Titan Mineral Group (Elipe, GVR and GVP)

Quifatex

Condon & Foresyth

Novacero

Talma Ecuador Servicios Aeroportuarios

Tuscany Perforación Petrolera (Tuscanyperf)

KLM Cia Real Holandesa de Aviación

Sevmorgeo

Aecon AG Constructores

Almacenes De Prati

Empresa Durini Industria de Madera (Edimca)

Goodyear de Colombia

CenturyLink

Natural Capital Mining

Work highlights

  • Acting for Sevmorgeo in a $20m claim for breach of contract by the Ecuadorian state.
  • Acting for Aecon AG Constructores in an investment arbitration case relating to a fine imposed by the Internal Revenue Service of Ecuador to pay income tax to the Ecuadorian state despite a legal exemption.
  • Acted for Aerogal (now Avianca Ecuador) in claim for damages due to an accident caused to an engine by one of Tabacarcen’s employees.

Ecuador > Labour and employment Tier 2

Dentons Paz Horowitz houses a labour team which focuses primarily on settlement and mediation in employment disputes, although the team remains more than capable in a court setting when it is unavoidable. Patricia Andrade leads the team, and handles most of the firm’s highest-profile contentious work. Immigration is another key part of the firm’s employment practice, with senior associate Xavier Montesdeoca acting as the key contact for a range of multinational clients as well as several immigration-focused foreign firms. Senior associate Leyre Suarez frequently assists in contentious work, while associate María Elisa Holmes is recommended for administrative law issues.

Practice head(s):

Patricia Andrade; Xavier Montesdeoca

Testimonials

They are always ready to answer our questions quickly. Xavier Montesdeoca is very efficient and cheerful.’

‘The team’s strengths are its outstanding level of professionalism, transparency, good level of analysis, judgment and responsiveness.’

‘Patricia Andrade stands out for her professionalism and responsiveness.’

‘The advantage of this team is its knowledge of the industry and of our business after acting for us for several years, with exceptional results. Their tireless search for agreement has resolved and avoided many conflicts.’

‘Patricia Andrade’s leadership is remarkable. I have not previously received support of equal quality and commitment to the objectives of my company. Patricia and her team manage cases exceptionally well.’

‘Xavier Montesdeoca is an expert in his field. He is not only very knowledgeable about the current law, but is also very involved in legal reform and the laws in process. He is always very professional and it is a pleasure to work with him.’

‘A team with a diverse range of specialists in various areas of law.’

‘The team stands out for its availability to provide support and attend to client’s requests. They can handle different matters, whatever the topic and level of complexity.’

Key clients

Quifatex (part of Intercorp Group)

Novacero

Baker Petrolite del Ecuador

Baker Hughes Switzerland

Mosumi

Safety Enforcement Seguridad Vial

Motransa

Thoughtworks Ecuador

Halliburton

Roche Ecuador

Mision Aviation Fellowship

Campeintegra (Grupo Andinas)

LACEC

Vanttive

Talma Ecuador Servicios Aeroportuarios

Empresa Durini Industria de Madera (Edimca)

Pluspetrol Ecuador

Aglomerados Cotopaxi

Yanbal

Eni Ecuador

Work highlights

  • Advised Novacero on claims filed by former employees for alleged wrongful termination amounting to $3.9m.
  • Advised Edimca on a claim brought by a former employee for $50,000.
  • Advised Talma Ecuador on a claim filed by a former employee for wrongful termination.

Ecuador > Real estate Tier 2

Dentons Paz Horowitz provides a full service in the real estate field, with a substantial regulatory practice that handles permits and registrations, the structuring of subdivisions, title issues and horizontal property declarations. On the transactional front, the firm is highly experienced in sale and purchase agreements, leasing deals and real estate transfers in an M&A context. Jorge Paz-Durini co-leads the team, and advises developers on the full life cycle of their projects from planning to post-sale, while senior associate and fellow co-head Verónica Mieles is frequently instructed by financial institutions with interests in the real estate space.

Practice head(s):

Jorge Paz Durini; Verónica Mieles

Testimonials

‘It has been essential to have team members who specialise in different areas of law in order to find innovative solutions. The firm was able to explain the big picture very well and go through each process in detail. This gave us confidence and peace of mind. The people at this firm are the best we have worked with.’

‘We are impressed with Jorge Paz’s professionalism, integrity and attention to detail. Jorge has the ability to see the big picture and all the risks involved in order to formulate complex strategies with excellent solutions. Jorge’s way of leading and delegating left us impressed. We also have to emphasise the role of Veronica Mieles, a very capable, committed and professional associate.’

‘Veronica Mieles has always show attention to detail and provided us with prompt advice and guidance.’

‘The team is impressive. They have dealt with my needs in an exemplary way.’

‘Veronica Mieles combines US know-how with understanding of local regulations.’

Key clients

Terra

Mafer

Cristobal Seaview

John Lewis

Andrea Papenbrok

Floresarahí

Natalia Jost

Lorena Sáenz

Santiago Peña Durini

La Tablita

Amereller Consultancy

Hospital Vozandes

Planta Industrial Lacec

Work highlights

  • Advised real estate developer Terra from the beginning of the structuring of a project to the sale and post-sale stage for a value of $3m.
  • Advised Cristobal Seaview on the purchase of a plot of land in the town of Puembo.
  • Advised food services group La Tablita on the purchase of several properties.

Ecuador > Banking and finance Tier 3

Ecuadorian firm Paz Horowitz Abogados greatly expanded its capacity for international work through its merger with global powerhouse Dentons to form Dentons Paz Horowitz in July 2021. The ‘hugely knowledgeable‘ Rocio Córdova leads the banking and finance team and focuses her practice on advising foreign lenders in relation to both secured and unsecured loans in Ecuador, as well as local regulations. Jorge Paz-Durini is another key figure in the team, with a long track record of advising international financial institutions.

Practice head(s):

Rocío Córdova

Testimonials

‘The team is always available to assist us with the greatest possible speed, helping us to close transactions efficiently. The team is very knowledgeable about our organisation and so can advise us properly on how to protect our interests.’

‘Rocio Cordova is hugely knowledgeable about the subject and we have no hesitations about her ability. The personalised service that we receive from her is very important to us – we know she will always be available to assist us, even at short notice.’

‘The team provided a very thorough analysis of our matter.’

‘Rocio Cordova’s best qualities are her promptness in responding to queries, clarity in explaining how to resolve problems in the most efficient way, and availability.’

Key clients

Trilinc Global Sustainable Income Fund II Master

GAWA Capital Partners

Enabling Qapital

BlueOrchard

Cochapamba

Aqua Expeditions

SIIGO/Zukalo

Fundacion Nova Assets

Work highlights

  • Advised Trilinc Global Impact Fund on a $15m loan agreement.
  • Advised GAWA Capital Partners on a loan agreement for €4m negotiated with local microfinance institute Insotec.
  • Advised Enabling Qapital on negotiating a $2m loan agreement with local institution Insotec.

Ecuador > Corporate and M&A Tier 3

Local practice Paz Horowitz Abogados significantly expanded its capacity for cross-border corporate work with its July 2021 merger with global firm Dentons, forming Dentons Paz Horowitz. The firm is particularly active in the M&A field, having recently advised international clients, as well as domestic players, on their acquisitions. Jorge Paz-Durini is known for his energy expertise, and leads the practice alongside Agustín Acosta Cárdenas and Rocio Córdova. Senior associate Maria del Mar Heredia provides support with M&A and corporate restructurings.

Practice head(s):

Jorge Paz Durini; Agustín Acosta Cárdenas; Rocío Córdova

Testimonials

‘Great knowledge of the current laws and regulations. Personalised client service. Available at all times.’

‘Jorge Paz Durini provides excellent advice on the matters we bring to him.’

‘The team is highly skilled and works well with the firm’s other departments.’

‘In addition to being an excellent lawyer, Jorge Paz Durini is a friendly and approachable person and provides a prompt and efficient service.’

‘The firm has senior lawyers in all its departments, offering speed, quality and a personalised service.’

‘Jorge Paz and Maria del Mar Heredia are standout members of the team. They are in daily communication with our local team in Ecuador, not only to advise on the company’s decisions and strategies, but also to offer support with all local regulations.’

‘Maria del Mar Heredia is a great lawyer and has good business sense.’

Key clients

Hotel Colón Internacional

ABC Aerolíneas (Interjet)

Pareteum Ecuador

Air France

Aqua Expeditions

BlueOrchard

Austrofood

Seara Holding

Ecocopter Ecuador

Paniju

Quifatex

Baker Hughes

Lexmark International Trading Corp

Titan Minerals

Servicio Integral Para La Industria Alimenticia (Sipia)

Ctb Del Ecuador

Canodros

Inprolac

Cecal

Oriental Industria Alimenticia

Work highlights

  • Advised Entravision Communications, a global media and marketing technology company, on the acquisition of a 51% interest in digital advertising business Redmas, which is owned by the Cisneros Interactive Group.
  • Advised Siigo on the corporate structure to develop its operations in Ecuador and on an application for an investment contract with the Ecuadorian government.
  • Advised pharmaceutical company Cheplapharm Arzneimittel on the due diligence of Ecuadorian companies Biopass and Biopasbelle and their acquisition as part of a global transactions.

Ecuador > Energy and natural resources Tier 3

With significantly expanded cross-border capabilities, the new Ecuadorian arm of global firm Dentons, Dentons Paz Horowitz, is highly active in the mining sector, offering regulatory, corporate and transactional advice to both domestic and international clients. The team also advises clients in the oil sector, particularly in dealings with government bodies, such as obtaining authorisations. The practice is led by Jorge Paz-Durini and Juan Carlos Pérez, both of whom are highly experienced in the mining sector, while senior associates Gabriel Santelices and Maria del Mar Heredia provide key support, with the former focusing on mining law and environmental compliance, while the latter handles corporate work.

Practice head(s):

Jorge Paz Durini; Juan Carlos Pérez

Key clients

Plata Industrial LACEC

Natural Capital

Titan

New Stratus Energy

FV Area Andina

Work highlights

  • Advised LACEC on the construction and operation of a new calcium carbonate production plant, as well as on an investment contract with the state.
  • Advising Natural Capital on the due diligence process to confirm a gold provider had fulfilled all of its legal requirements.
  • Advised FV Area Andina on the due diligence of the mining concession, which had been unattended for three years.

Ecuador > Intellectual property Tier 3

Dentons Paz Horowitz handles a wide range of complex IP work, including advising on less common types of IP such as tactile trade marks, trade secrets and sound marks. Additionally, the firm is frequently instructed in more standard trade mark and copyright work. International trade mark and geographical indication specialist Bruce Horowitz heads the team alongside Byron Robayo Arroyo, who handles a wide array of cases, including trade dress and patent matters. Senior associate Verónica Chiriboga joined the firm in September 2020 from Falconi Puig Abogados and focuses primarily on trade mark prosecution, enforcement and anti-counterfeiting.

Practice head(s):

Bruce Horowitz; Byron Robayo

Testimonials

‘They are experts in patents and trade marks.’

‘Excellent client service, punctuality and, above all, a focus on results.’

‘It is a super organised, accomplished and efficient team. They do their job well, and always on time.’

‘What stands out about the team is their personal qualities and the passion they have for their work.’

‘The team’s ability to generate effective solutions means it provides unique support.’

‘Byron Robayo is an extremely capable professional with negotiation skills that allow him to effectively guide his clients towards the best outcome in each particular case.’

‘Byron Robayo is an expert in intellectual property law, Ecuadorian regulations and everything related to the field.’

‘They stand out for their knowledge and friendly attitude.’

Key clients

Portales Distributors

Magic Flavors

Austrofood

Tintin & Tintin Odontocenter Medicalecuador

Confecciones Cabrera

Oriental Industria Alimenticia (OIA)

MHDM

Comercial Konitos

Alianza por el Emprendimiento y la Innovación (AEI)

Sparkassenstiftung für internationale Kooperation

Magic Nature

Biobloo

Universidad Central del Ecuador

Fabcad

Envapress

KTK

Incremar

Work highlights

  • Advised O.I.A. on the process of revoking a 3D mark registration.
  • Advised Banco Solidario following the unlawful use of its intellectual property rights in a phishing scam.
  • Advised a client on the process of revoking an improper trade mark registration.

Ecuador > Competition and antitrust Tier 4

Formed by the merger of local firm Paz Horowitz Abogados with Dentons in July 2021, Dentons Paz Horowitz is able to draw upon its extensive global network and client base in competition matters. Byron Robayo Arroyo, who is particularly experienced in unfair competition cases, especially those that overlap with intellectual property rights, co-heads the team alongside Eduardo Esparza, who previously worked for the regulator and is particularly experienced in abuse of dominance, restrictive practices and market control cases.

Practice head(s):

Byron Robayo Arroyo; Eduardo Esparza

Key clients

Oriental Industria Alimenticia

Industria de Productos Alimenticios Inprolac

Quifatex

Sociedad Industrial Reli

KLM Cia Real Holandesa de Aviación

Air France

Talma Servicios Aeroportuarios

Entravision Communications

New Stratus Energy

Fabrilacteos

Aditmaq

Work highlights

  • Advised Entravision Communications on Ecuadorian merger control regulations relating to its acquisition of 51% of the assets of Cisneros Interactive Group.
  • Acted for Fabrilacteos in an ex-officio investigation launched into alleged unfair competitive conduct in the dairy market, which was closed.
  • Acted for Inprolac in an ex-officio investigation launched into alleged unfair competitive conduct in the dairy market, which was closed.

Ecuador > Tax

The new Ecuadorian branch of the global firm, Dentons Paz Horowitz advises on a range of contentious and non-contentious tax matters, with particular expertise in the tax aspects of investments.

Mr. Phuc Le rejoined Dentons LuatViet to strengthen its offshore legal services

Dentons LuatViet is delighted to welcome back Mr. Phuc Le to join our firm as a Special Counsel. He will primarily provide legal services to our clients in the US and Moscow.

Singapore Big Five Law Firm Dentons Rodyk Boosts Corporate Practice with Two Senior Lawyer Hires

Singapore, 1 July 2022 – Singapore’s Big Five Law Firm Dentons Rodyk are today announcing the arrival of senior corporate lawyers Evelyn Ang and Emily Low. Together with six other lawyers, they join Dentons Rodyk from Big Four accounting firm EY’s Singapore law practice, Atlas Asia Law Corporation (AALC). The news follows Dentons' recently launched combination with leading Vietnamese law firm LuatViet, as the Firm pursues its goal of being the leading pan-ASEAN law firm.

Dentons launches combination with LuatViet in Vietnam

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Former Deputy Director of Attorney-General’s Chambers Navin Naidu joins Big Five Law Firm Dentons Rodyk

Big Five Law Firm Dentons Rodyk & Davidson LLP is pleased to announce the arrival of Attorney-General’s Chambers’ former Deputy Director Navin Naidu to the firm’s White Collar and Government Investigations practice.

How Singapore’s Big Five law firm Dentons Rodyk is embracing the future of work and ditching its traditional office for good

Visions for the future of work have never been bolder. The COVID-19 pandemic changed notions on how many felt a work environment should be. The world was rushed into accelerating technology adoption, increasing digital connectivity and embracing virtual collaboration. As we usher in a new and dynamic decade, Dentons Rodyk envisions the future of work by ditching its traditional office for good and introducing a permanent hybrid work model.

Dentons secures final victory for ICT on European patent infringement case against ESSITY

Global law firm Dentons is pleased to announce that the Paris Court of Appeal, the Higher Regional Court of Karlsruhe and the Barcelona Provincial Court have all issued final decisions dismissing Essity’s claims of patent infringement in regards to Industrie Cartarie Tronchetti’s (ICT) three ply toilet paper. With Dentons’ counsel, ICT successfully demonstrated beyond a doubt that its branded and private label products are produced based on its own proprietary process, and patented under European patent 2 353 859. 

Dentons has been advising Industrie Cartarie Tronchetti S.p.A since 2016. Based in Lucca, ICT is a leader in the category of high quality tissue paper products for domestic use, and has subsidiaries in Italy, Spain, Germany, France and Poland.

The Paris decision, which is the most recent, ends a long-running patent infringement litigation with Essity and affirms ICT can continue to produce and distribute absorbent paper based on its own proprietary technology. The three courts in France, Germany, and Spain have confirmed ICT’s argument that it is using its own novel technology, also patented. Essity’s claims of infringement were based on a patent originally filed by Georgia Pacific, and subsequently becoming Essity’s.

Dentons partner David Masson served as lead partner and represented ICT in France. Dentons partner Dr. Constantin Rehaag represented ICT in Germany, and PwC partner Alejandra Matas Brancós represented the client in Spain, with the support of Dentons partner Juan Ignacio Alonso.

David Masson, lead lawyer on the case, commented: “It has been very interesting to understand ICT’s own technology and work closely with different teams, including ICT’s R&D department, which has been part of all strategic and technical decisions throughout the case”.

Constantin Rehaag, who represented the client in the German court hearings and coordinated the work with the client’s patent attorneys, said: “This is an outstanding success of a great team formed by the client, who provided us with invaluable technological insight, the team of patent attorneys and, finally, by the Dentons teams in France, Spain and Germany.”

The patent litigation began in 2016 when Essity sued ICT in France, Germany and Spain for the alleged infringement of its patent related to the technical solution for the bonding of three layers of tissue for paper products such as high quality, soft and bulky, toilet paper.

In France, Essity claimed that ICT had breached the French part of its European patent 1 081 284 and that the toilet paper marketed as Foxy Soie Plus, and also certain other private labels produced by ICT France, had infringed on their patent. Essity demanded that all production operations be halted. The rolls of toilet paper were carefully analyzed and there were no findings of infringement. The two French courts - in first instance and appeal - rejected the claims and ordered Essity to pay compensation for the legal fees to ICT Italy and ICT France.

In Germany, the case was first taken to the Mannheim District Court, which is well reputed in patent matters. The lawsuit mainly focused on the complex questions regarding the construing of the claims of Essity’s patent. The court ruled in favour of ICT, and Essity filed an appeal. In August 2019, the Higher Regional Court of Karlsruhe also ruled that the German subsidiary of ICT did not infringe the German part of the patent 1 081 284.

In Spain, after a first decision in favor of Essity in the lower court, the Barcelona Provincial Court clearly stated in a written appeal that ICT’s products - and in particular, Foxy Seda, Foxy Bouquet, certain three-ply private label products - did not infringe the Spanish part of the patent 1 081 284.

About ICT

Industrie Cartarie Tronchetti (ICT) was founded in 1976 in Italy, in the Lucca province, to operate in the tissue sector, producing high quality paper exclusively from virgin fibre. The first production facility was opened in 1978 in Piano della Rocca, Lucca, and over the years new plants and facilities have been set up in Piano della Rocca, Diecimo and Piano di Coreglia. The Foxy brand, one of the leading brands in the European market, was launched in 1982. ICT is an example of excellence in the paper industry, in full harmony with the tradition of the Lucca region, where the most important Italian papermaking hub is located, on a par with those of Green Bay (USA) and Fuji (Japan). In Lucca in particular, great expertise has been nurtured in the field of paper for household use, and the city is in fact known as the world tissue capital. Today, ICT SpA boasts an annual production capacity of about 160,000 tonnes.

About Dentons

Dentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic.


Dentons advises Snam on US$10.1 billion consortium investment in ADNOC Gas Pipelines

Global law firm Dentons advised Italian-based multinational energy infrastructure operator Snam in relation to its agreement, in consortium with several international investment funds, to purchase a 49 percent share of ADNOC Gas Pipelines from The Abu Dhabi National Oil Company (ADNOC). ADNOC Gas Pipelines is valued at approximately US$20.7 billion (US$10.1 billion for 49%).

The transaction is one of the most important in the global energy infrastructure sector, as well as Snam’s first acquisition outside Europe.  ADNOC Gas Pipelines holds the tariff-based rights for the 38 pipelines that connect ADNOC’s upstream activities to Abu Dhabi’s consumption points and the export and interconnection terminals to neighboring Emirates.

The transaction was financed by a pool of international banks for approximately $8 billion, plus an equity contribution from each of the consortium members.  In addition to Snam, the other consortium members included Global Infrastructure Partners, Brookfield Asset Management, GIC, Ontario Teachers’ Pension Plan, and NH Investment & Securities.

Dentons acted with a cross-border team from Italy and UAE, coordinated by partner Sara Biglieri in Milan.  Partners Luca Pocobelli (Rome) and Mhairi Main Garcia (Dubai), counsel Claudio Segna (Milan), senior associate Craig Hughson (Abu Dhabi) and associate Stephanie Hawes (Dubai) advised on corporate and M&A aspects. Partners Alessandro Fosco Fagotto (Milan) and Stephen Knight (Abu Dhabi), counsel Franco Gialloreti, senior associate Tommaso Zanirato and junior associate Giulia Caselli Maldonado (all Milan) advised on financing aspects. Partner Michele Carpagnano (Rome) and associate Giulia Giordano (Rome) advised on the competition and antitrust aspects.

Snam’s internal legal team was led by General Counsel, Marco Reggiani - assisted by Michela Schizzi, Senior Vice President Regulated Assets Legal Affairs - and included senior legal counsels Rosanna Pallotta and Claudia Jolanda Fanelli.  The legal aspects related to the financing were handled, together with Marco Reggiani, by Gloria Bertini, Head of Finance and Capital Market Legal Affairs and Roberta Di Mauro, legal counsel.


Dentons advises Investitionsbank Berlin (IBB) on the establishment of the EU Malaria Fund

The EU Malaria Fund was initiated by the kENUP Foundation, a not-for-profit organization promoting research-based innovation with public and societal benefit. The fund is managed by the IBB Group. The target volume of the fund amounts to €280 million, with a first closing of €70 million on June 3, 2020.A Dentons team from Berlin, Frankfurt, Dusseldorf and Munich provided comprehensive advice to IBB Group on the establishment of the EU Malaria Fund. This included the development of the legal and tax conception of the fund, regulatory advice, corporate law support on the setup of the fund, and the negotiation of the financing agreements with the EIB, the Bill & Melinda Gates Foundation and other investors.Berlin-based partner Dirk-Reiner Voss and Frankfurt-based partner Arne Klüwer jointly led the Dentons team, with support from partners Stephan Busch, Matthias Santelmann and senior associates Holger Hölkemeier and Bernd Düsterbeck in Berlin; counsel Verena Etzel and Oda Elmoutaouakil in Frankfurt; partner Axel Schlieter in Dusseldorf, and partner Richard Fagerer in Munich.About DentonsDentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic. www.dentons.com

Dentons advises on ACS Group’s €500 million NEU-CP Program

Dentons, the world’s largest law firm, has advised Spanish-based multinational construction group, Actividades de Construcción y Servicios, S.A. (ACS), on the renewal of its €500 million Negotiable European Commercial Paper (NEU-CP) Program. The NEU-CP program is registered with the Central Bank of France, with the involvement of BNP Paribas, BRED Banque Populaire, Crédit Agricole Corporate and Investment Bank, ING Bank N.V. and Natixis, as dealers for the Notes.Headquartered in Madrid, the ACS Group is a worldwide leader in construction and services. It is currently the only non-financial issuer with a NEU-CP Program registered with the Central Bank of France.Dentons’ Capital Markets group in Madrid advised ACS on all aspects of the transaction. Partner Ignacio Corujo led and coordinated the transaction with the support of junior associate Ana Artola.Ignacio Corujo joined Dentons in January this year to establish and lead the Capital Markets group in Spain. In addition to this most recent deal for ACS, he has closed several high-value debt capital markets deals since his move, including most notably, Grupo Cajamar’s €1 billion issuance of mortgage bonds, as well as Sacyr’s renewal of its €500 million EMTN Program.About DentonsDentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic. www.dentons.com 

Dentons advises UniCredit on a €450 million secured sustainability-linked financing for Gunvor Gro

Global law firm Dentons has advised UniCredit Bank AG as Mandated Lead Arranger, (Sustainability) Coordinator, Bookrunner, Facility Agent and Security Agent as well as the lenders on a €450 million secured sustainability-linked borrowing base facility agreement with Gunvor Group. Gunvor Group will use the funds to cover the working capital requirements of its Ingolstadt refinery.The innovative financing model is tied to the borrower's achievement of predetermined ESG key performance indicators (Sustainability KPIs) and provides for a sustainability discount or premium in case the company overachieves or underperforms the predefined targets. An independent sustainability auditor will report on the performance of the Sustainability KPIs on an annual basis. The ESG-based scoring of certain key performance indicators provides a unique way for borrowers and lenders to communicate their commitment to sustainability and incentivizes sustainable corporate measures.Participating banks included DZ Bank, KfW IPEX-Bank, Raiffeisen Bank International, Erste Group Bank, Commerzbank, Industrial and Commercial Bank of China, CA Indosuez (Switzerland), Bank of China and First Abu Dhabi Bank.Gunvor Group is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy from where it is sourced and stored to where it is demanded. With strategic investments in industrial infrastructure – refineries, pipelines, storage and terminals – Gunvor Group further generates sustainable value across the global supply chain for its customers. UniCredit is one of the pioneers in sustainable loans in the German market.Düsseldorf finance partner Dr. Axel Schlieter fully advised the bank on the drafting and negotiation of the loan agreement. The Dentons team further comprised Julia Heitmann (senior associate, Banking and Finance, Düsseldorf) and Eike Hinrich Pradt (associate, Banking and Finance, Frankfurt). Axel Schlieter is a core member of Dentons’ Sustainable Finance group in Europe and is regularly involved around the topics of issuance of green bonds and on sustainable financing.Advisors to UniCredit: Dentons (Düsseldorf): Dr. Axel Schlieter, (lead partner), Julia Heitmann (senior associate, both banking and finance, Düsseldorf), Eike Hinrich Pradt (associate, banking and finance, Frankfurt am Main)UniCredit inhouse lawyers: Carina Engelhardt, Alexander Strigin, Christian HentrichAbout DentonsDentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic. www.dentons.com

Dentons advises Qair on refinancing of the acquisition of Rzepin and Linowo wind farms in Poland

Dentons’ Banking and Finance practice team advised Qair SAS, Qair International and Qair Polska Sp.z o.o. in connection with the refinancing of two wind farms under operation, Rzepin (58 MW) and Linowo (48 MW). The financing institutions are BNP Paribas and EBRD.The two wind farms are part of Qair’s larger portfolio of almost 200 MW of renewable energy sources, which also includes 93 MW of new capacity from three wind farms – Udanin (50 MW), Parzeczew (9 MW) and Września (9 MW) – and 25 MW of solar photovoltaic.The project was supervised by Mateusz Toczyski, Head of the Europe and Co-Head of the Global Banking and Finance practice, and led by Tomasz Zwoliński, counsel, with assistance from lawyers Klaudia Szymańska-Rutkowska, Katarzyna Mazur, Katarzyna Kaptur and Jakub Walawski. Supporting the Warsaw team were counsel Surbhi Malhotra-Trenkel in Munich and partners Jean-Marc Allix and Olivier Genevois, and associates Djésia Meziani, Philippine de Fouchier and Hugo Casasnovas in Paris. Dentons’ London team consisting of partner Matthew Sapte and associate Annreika Ray advised on the hedging documentation.“We are very pleased and honored to have had this opportunity to assist Qair in yet another wind power project the company has undertaken in Poland,” said Mateusz Toczyski.“We would like to congratulate Qair on this financing and to wish every success with further developments and investments in Poland and elsewhere in the world,” added Tomasz Zwoliński.About DentonsDentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic. www.dentons.com

Dentons advises Sev.en Energy on aacquisition of US-based Blackhawk Mining

Dentons has advised international energy group Sev.en Energy on its strategic acquisition of US-based metallurgical coal producer Blackhawk Mining, LLC. C. The transaction comes on the heels of Sev.en Energy’s acquisition of a 17% ownership interest in Corsa Coal in May 2020, further reinforcing its access to the metallurgical coal mining industry in the US market.Blackhawk Mining is one of the largest metallurgical coal producers in the US. With annual production capacity of seven to eight million tonnes of metallurgical coal among its five underground and open pit mining complexes in West Virginia and Kentucky, Blackhawk Mining is an important supplier of metallurgical coal both locally and internationally. It also owns three thermal coal mine complexes producing three to four million tonnes per annum. In 2019, Blackhawk Mining had $1bn revenues and $120m EBITDA. Commenting on the acquisition, Dentons partner Petr Zákoucký, said: “Having worked for Sev.en Energy for many years, I am inspired by their sustained dynamism, and by this bold strategic move, even during these difficult market conditions. We were delighted to have opportunity to play our role in this success.” Alan Svoboda, Executive Director of Sev.en Energy who leads the Group’s international expansion added: “Once again, the Dentons team exceeded our expectations and delivered the transaction within a tight time frame of less than a month, nailing both the complexity of the deal and challenges created by the current worldwide pandemic. What was really outstanding was the dedication and flexibility that the entire team showed.” Dentons’ cross-border team was composed of partners Petr Zákoucký (Prague, Energy/M&A), Ilan Katz (New York, M&A), Lee Smith (New York, Finance), Christopher Van Bever (Lexington, Mining) and John Rhine (Evansville, Mining) Robert E. Richards (Chicago, Insolvency), Managing Associate Gregory DiBella (New York, M&A) and Associate Barbora Obračajová (Prague, Energy). Alvarez & Marsal advised Sev.en Energy on financial due diligence and Weir on technical due diligence. About Sev.en EnergySev.en Energy owns significant coal and energy production assets in the Czech Republic, the United Kingdom, Australia and the USA. It is the largest private operator of coalmines and conventional power plants in the Czech Republic, and employs more than 3,500 people. In 2019, Sev.en Energy acquired additional power generation assets from Swiss energy group Alpiq and a 50% stake in the multinational energy company – InterGen N.V., which is one of the leading independent power generators with gas-fired power plants in the UK and coal-fired power plants and coal mines in Australia. When pro-forma aggregated with the financial results of InterGen and Alpiq CZ, Sev.en Energy group combined revenues in 2019 were EUR 1,4 billion and EBITDA of EUR 319 million. About DentonsDentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic. www.dentons.com

Dentons supports German subsidiaries of the Recylex Group in restructuring

Global law firm Dentons is assisting Weser-Metall GmbH and Harz-Metall GmbH, both subsidiaries of the French-German Recylex Group, with their restructuring through ‘self-administration’ proceedings. In addition, Dentons restructuring lawyers Andreas Ziegenhagen and Dirk Schoene and their team are advising the German management of the Recylex Group within the scope of its self-administration.As a result of the COVID-19 pandemic and the dramatic decline in metal prices, the German subsidiaries of Recylex have each applied for protective shield proceedings under German insolvency law. The aim of the protective shield is to allow the companies to continue their individual restructuring measures and to return to economic stability after the pandemic - if necessary, in a new shareholder structure.Weser-Metall produces about 100,000 tons of lead per year at its headquarters in Nordenham (Lower Saxony), making it the third largest lead smelter and the second largest lead recycler in Europe. Harz-Metall has its headquarters in Oker in the Harz Mountains and is one of the leading European recycling companies for lead and zinc contaminated waste.The Recylex group has a total of eleven operating units and two administrative sites in France and Germany. In addition to the companies supported by Dentons, two other companies in the group, Norzinco GmbH and PPM Pure Metals GmbH, have also submitted applications for protective shield, whilethree other German subsidiaries requested self-administration under creditor protection. The Group's French companies are not affected.Andreas Ziegenhagen, Head of the Europe and German Restructuring practice, said: "With the filing for protective shield proceedings, we are making use of the most restructuring-friendly court proceedings in the interest of all stakeholders of the companies”.Advisor to Harz Metall / Weser Metall / German management of Recylex:Dentons (Berlin): Andreas Ziegenhagen (Partner, Restructuring, Berlin/Frankfurt), Dirk Schoene (Partner), Dr. Jan Seelinger (Counsel), Dr. Benjamin Kurzberg (Counsel), Judith Schmid (Senior Associate), Dr. Jakob Pickartz (Senior Associate), all Restructuring and InsolvencyAbout DentonsDentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic. www.dentons.com