Dentons Sayarh & Menjra > Casablanca, Morocco > Firm Profile

Dentons Sayarh & Menjra
52 Boulevard Mohamed Zerktouni
5th and 6th floor
CASABLANCA, 20140
Morocco

Morocco > Banking, finance and capital markets Tier 2

Dentons Sayarh & Menjra is ‘very good firm with vast experience and the services provided are to very high standards’. The firm assists both local and foreign companies with financing transactions in Morocco. It recently advised EBRD on the negotiation of a €7.7m loan with Lamatem S.A.R.L. and a subsequent second loan agreement. Kenza Bounjou  and the ‘sharp, very responsive and business-orientedChristophe Simmonet are the lead partners. Simmonet has ‘vast experience and can be creative when needed to unlock deadlocks in negotiations’.

Practice head(s):

Kenza Bounjou; Christophe Simonnet

Testimonials

‘Very good firm, with vast experience and well connected in Morocco. The services provided are to very high standards and reasonably priced.’

‘I have been dealing mainly with Christophe Simonnet (Partner). He’s an excellent lawyer, sharp, very responsive and business-oriented. He has vast experience and can be creative when needed to unlock deadlocks in negotiations.’

 

Key clients

Hilton Worldwide Limited

Sanam Holding

Société Hôtelière Réalités S.A.

European Bank for Reconstruction and Development (EBRD)

Work highlights

  • Assisting EBRD with the negotiation of the loan agreement and related securities between EBRD and Land’Or Maroc Industries S.A.R.L.
  • Assisting EBRD with the negotiation of the second loan agreement and related securities between EBRD and Lamatem S.A.R.L. in addition to the previous €7.7m loan.
  • Assisting Arena Capital S.A. with the negotiation of the loan agreement and related securities between Arena Capital S.A. and Attijariwafa Bank for the acquisition of 100% of Arena Property Development S.A. from Aevitas Group.

Morocco > Commercial, corporate and M&A Tier 2

Dentons Sayarh & Menjra assists local local and foreign companies with domestic and cross-border M&A transactions. Among its recent highlights are its work for Delfingen Industry on the merger of two local subsidiaries, and its advice to Sanam Holding on the acquisition by its subsidiary Arena Capital of real estate company Arena Property Development. Mehdi Megzari, whose work on M&A and restructuring deals is highly regarded, and Christophe Simmonet are the lead partners, supported by managing partner Omar Sayarh.

Practice head(s):

Omar Sayarh; Mehdi Megzari; Christophe Simonnet

Key clients

Tesca Group S.A.S.

Palmeraie Group

Sanam Holding

Volkswagen

Delfingen

Aya Gold & Silver Inc.

BB ENERGY

Maroc Numeric Fund

Savola

Fresenius Medical Care

Morocco > Employment Tier 2

Dentons Sayarh & Menjra provides both support for contractual matters and the drafting of employment documentation, as well as assistance with litigation to local and foreign companies. Lead partner Omar Sayarh recently assisted 3M Maroc with its internal restructuring process, which involved the dismissal of employees through the signing of agreements and the completion of a labour inspection, as well as advising Schneider Electric Maroc on the management of annual and maternity leave matters during the Covid-19 lockdown.

Practice head(s):

Key clients

Sanlam Pan Africa Maroc

ARaymond Maroc

Glovoapp Morocco

Vestas Maroc

Work highlights

  • Assisting Citibank with the implementation of its Global Disciplinary Policy for Morocco.
  • Assisting Vestas Maroc in the implementation of its internal rules.
  • Assisting 3M Maroc in the context of an internal restructuring process involving the dismissal of employees through the signing of agreements and the completion of the procedure with the labour inspection.

Morocco > Tax Tier 2

At Dentons Sayarh & Menjra, of counsel and chartered accountant Mehdi Benouna, who joined from Ecovis International in 2021, leads the newly formed tax practice. He assists clients with managing their relationships with the tax authorities at every stage of a tax audit or dispute, bringing extensive experience in the tax aspects of corporate restructuring, the audit process and the obtaining of tax approvals and discharges.

Practice head(s):

Mehdi Benouna

Key clients

MFRUITS

EMIRATIE MAROCAINE POUR L’INDUSTRIE ET LA DISTRIBUTION

Office national des hydrocarbures et des mines (ONHYM)

GENESIS TRAVEL AGENCY

Work highlights

  • Assisting MFRUITS with a tax issue in the context of the acquisition of 100% of Farm Management Company.
  • Assisting EMIRATIE MAROCAINE POUR L’INDUSTRIE ET LA DISTRIBUTION in the context of a tax audit.
  • Assisting GENESIS TRAVEL AGENCY in the context of a tax audit.

Morocco > Tourism and real estate Tier 2

Practice head(s):

Omar SayarhChristophe Simonnet

Key clients

Hilton Worldwide Limited

Palmeraie Group

Sanam Holding

Madaëf (CDG Group)

Société Hôtelière Réalités S.A.

Morocco > Intellectual property Tier 3

Dentons Sayarh & Menjra launched a new IP practice in 2020 with the hire of Ahmad Hussein from HHH Avocats. He brings extensive experience in all aspects of intellectual property law, as well as franchising, distribution, prosecution and litigation.

Practice head(s):

Ahmad Hussein

 

The firm

Dentons is the world’s largest law firm, delivering quality and value to clients around the globe. Dentons is a leader on the Acritas Global Elite Brand Index, a BTI Client Service 30 Award winner and recognised by prominent business and legal publications for its innovations in client service, including founding Nextlaw Labs and the Nextlaw Global Referral Network. Dentons’ polycentric approach and world-class talent challenge the status quo to advance client interests in the communities in which they live and work. www.dentons.com.

Dentons’ global team builds agile, tailored solutions to meet the local, national and global needs of private and public clients of any size.

Dentons’ office in Casablanca is uniquely positioned to provide clients with support for their investments in Western, Central and North Africa regions. We guarantee efficiency, quality of service and responsiveness. Our Morocco office is composed of a well-established Moroccan and international lawyers with an excellent reputation. The practice is made up of lawyers who all have extensive experience advising on business in Francophone Africa.

Areas of practice

Dentons’ lawyers and professionals provide services in the following practice disciplines and industry sectors:

Corporate and M&A: Dentons provides clients with comprehensive legal advice on public and private M&A, joint ventures, corporate finance, private equity, disposals, corporate restructurings, and general commercial, antitrust and corporate governance issues.

Banking and finance: Dentons covers every aspect of banking and capital markets transactions in the world’s leading financial centres. Dentons helps clients access and invest new sources of capital, develop and use financial products, structure financing transactions, comply with regulations and respond to investigations.

Capital markets: through strong relationships with regulatory and exchange bodies, our lawyers work with clients to navigate requirements. Located in key financial markets internationally, they advise global and domestic banks, insurance companies, securities dealers, shareholders and venture capitalists, as well as private equity.

Real estate: Dentons’ real estate practice is the largest in the world. It advises real estate owners, investors and lenders on some of the most complex development, acquisition, disposition, debt and equity transactions in today’s market.

Energy: with one of the world’s leading energy practices, Dentons guides clients on strategy, market entry, transactions, political and regulatory issues. Its clients include oil majors, independents, distributors, power generators and utilities, financial institutions, public entities and large customers, new energy and old.

Public-Private Partnerships (PPP): Dentons’ lawyers have deep-rooted experience with PPPs. They have assisted public owners, concessionaires, lenders and contractors with all aspects of PPP arrangements across a broad range of infrastructure sectors. The firm has leading PPP lawyers that have been most active in these partnerships.

Intellectual property: Dentons’ lawyers identify, protect and help commercialise IP in the most highly developed markets – and in jurisdictions where IP laws and enforcement are still evolving. They represent global corporations, academic and research institutions, inventors and artists, venture capital firms and others invested in patents, trademarks, copyrights and proprietary property.

 

DepartmentNameEmailTelephone
Corporate and M&A Christophe Simonnetchristophe.simonnet@dentons.com+212 5 22 22 32 09
Corporate and M&A Mehdi Megzarimehdi.megzari@dentons.com+212 5 22 22 32 09
Corporate and M&A Omar Sayarhomar.sayarh@dentons.com+212 5 22 22 32 09
Private equity Christophe Simonnetchristophe.simonnet@dentons.com+212 5 22 22 32 09
Private equity Mehdi Megzarimehdi.megzari@dentons.com+212 5 22 22 32 09
Private equity Omar Sayarhomar.sayarh@dentons.com+212 5 22 22 32 09
Joint ventures Omar Sayarhomar.sayarh@dentons.com+212 5 22 22 32 09
Capital markets Omar Sayarhomar.sayarh@dentons.com+212 5 22 22 32 09
Real estate and construction Omar Sayarhomar.sayarh@dentons.com+212 5 22 22 32 09
Competition and antitrust Omar Sayarhomar.sayarh@dentons.com+212 5 22 22 32 09
Employment and labour Omar Sayarhomar.sayarh@dentons.com+212 5 22 22 32 09
Energy Kenza Bounjoukenza.bounjou@dentons.com+212 5 22 22 32 09
Energy Omar Sayarhomar.sayarh@dentons.com+212 5 22 22 32 09
Infrastructure and PPP Kenza Bounjoukenza.bounjou@dentons.com+212 5 22 22 32 09
Infrastructure and PPP Omar Sayarhomar.sayarh@dentons.com+212 5 22 22 32 09
Project finance Christophe Simonnetchristophe.simonnet@dentons.com+212 5 22 22 32 09
Project finance Kenza Bounjoukenza.bounjou@dentons.com+212 5 22 22 32 09
Banking and finance Omar Sayarhomar.sayarh@dentons.com+212 5 22 22 32 09
Banking and finance Kenza Bounjoukenza.bounjou@dentons.com+212 5 22 22 32 09
Banking and finance Christophe Simonnetchristophe.simonnet@dentons.com+212 5 22 22 32 09
Intellectual property and technology Omar Sayarhomar.sayarh@dentons.com+212 5 22 22 32 09
Life sciences and healthcare Omar Sayarhomar.sayarh@dentons.com+212 5 22 22 32 09
Environment and natural resources Omar Sayarhomar.sayarh@dentons.com+212 5 22 22 32 09
Privatisation Omar Sayarhomar.sayarh@dentons.com+212 5 22 22 32 09
Transportation Omar Sayarhomar.sayarh@dentons.com+212 5 22 22 32 09
Mining Omar Sayarhomar.sayarh@dentons.com+212 5 22 22 32 09
PhotoNamePositionProfile
Mouad Aktaou  photo Mouad Aktaou Mouad Aktaou is an associate at Dentons Sayarh & Menjra specializing in…
Kenza Bounjou  photo Kenza Bounjou Kenza Bounjou, partner at Dentons Sayarh & Menjra, is primarily active in…
Adil Daoui  photo Adil Daoui Adil Daoui is an associate at Dentons Sayarh & Menjra specializing in…
Mehdi Megzari photo Mehdi MegzariMehdi Megzari is a Partner at Dentons Sayarh & Menjra. He focuses…
Mohamed Amine Menjra  photo Mohamed Amine Menjra Mohamed Amine is a Founding Partner of Sayarh & Menjra (now Dentons…
Omar Sayarh  photo Omar Sayarh Omar Sayarh is the Managing Partner of Dentons Sayarh & Menjra. He…
Mohamed Ali Sayarh  photo Mohamed Ali Sayarh Mohamed Ali Sayarh is a Founding Partner of Sayarh & Menjra (now…
Christophe Simonnet  photo Christophe Simonnet Christophe is a corporate lawyer with more than 18 years of experience,…
Khadija Zoulali  photo Khadija Zoulali Khadija Zoulali is an associate at Dentons Sayarh & Menjra specializing in…
Number of lawyers : 8,600+
at this office : 16
70+ languages including:
Arabic
Afrikaans
Azerbaijani
Bulgarian
Czech
Dutch
English
French
Georgian
German
Hungarian
Italian
Japanese
Kazakh
Mandarin
Polish
Romanian
Russian
Slovak
Spanish
Turkish
Ukrainian
Other offices : Dentons now has 150+ offices in over 60 countries

In October 2019, Dentons combined with leading Moroccan firm Sayarh & Menjra, one of the only Moroccan firms to offer both legal advice and litigation services in Morocco.

Sayarh & Menjra’s 40-plus years of experience in Morocco, combined with Dentons’ global sector expertise and reputation for delivering technical innovation, means you now benefit from an enhanced offering no other Moroccan firm can rival. Our clients include international and local corporations, international banks, governments and state corporations, multilateral agencies, non-governmental organizations, development finance institutions, private equity funds and individuals.

Dentons Sayarh & Menjra is composed of over 15 legal professionals offering significant additional talent across our practices and sectors. Deeply engaged in the Francophone Africa region, our team has broad experience and a strong reputation in many business sectors including energy, mining, manufacturing, real estate, M&A, private equity, banking, financing and PPP.

Our team is uniquely positioned to provide you with support for your investments in Morocco, the OHADA region and Francophone Africa. We take the time to understand your business and what matters to you. Combining regional and local knowledge with practice and sector insights, we offer commercial and practical legal advice to help you achieve your business goals.

Whether you are a foreign company pursuing business opportunities in Africa or a Moroccan company seeking practical, creative solutions for doing business in Africa, Europe or anywhere in the world, contact us, we are here to help you.

DepartmentNameEmailTelephone
Managing Partner Omar Sayarhomar.sayarh@dentons.com+212 522 223 209
Partner Mehdi Megzarimehdi.megzari@dentons.com+212 522 223 209
Partner Christophe Simonnetchristophe.simonnet@dentons.com+212 522 223 209
Partner Kenza Bounjoukenza.bounjou@dentons.com+212 522 223 209
Partners : 6
Associate Lawyers : 6
Of Counsel : 1
English
French
Arabic
African Private Equity & Venture Capital Association

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