Firm Profile > Dentons > Prague, Czech Republic

Dentons
V CELNICI 1034/6
110 00 PRAHA 1
Czech Republic

Banking, finance and capital markets Tier 1

At Dentons, the banking and finance practice handles the full gamut of financing matters across the CEE region and further afield internationally. Jiří Tomola has over two decades of experience in domestic and international financing transactions. The team is skilled in handling complex capital markets mandates, structured finance transactions and other advisory work for corporate clients. John Stansfield has notable expertise in leveraged finance, real estate finance and restructurings. The group continues to act for a wide roster of financial institutions and investment groups, including BNP Paribas. Tomola co-heads the practice with Daniel Hurych, who is experienced in bond issuances and IPOs. Martin Manduľák is a name to note at associate level. Tomáš Osička departed from the firm to join Linkers, advokátní kancelář, s.r.o..

Practice head(s):

Jiří Tomola; Daniel Hurych

Other key lawyers:

John Stansfield; Martin Manduľák

Testimonials

‘Daniel Hurych is extremely valued for both his vast experience and commercial insight into what the parties expect to achieve.’

‘Compared to other local companies, Dentons provide top class services for a reasonable price. We rely on their apt support and dedicated professionalism. I like their huge knowledge, great understanding of our transactional needs as well as their utmost respect both for clients and counterparties.’

‘Well established, strong competence in the field of restructuring and structured finance, on-time delivery’

‘Jiri Tomola, Partner – in-depth knowledge of the industry and up to date topics, strong negotiation skills, willingness to go the extra mile if needed, ability to find creative solutions’

Key clients

ENERGO-PRO

Natland Investment Group

CPI Property Group

Komerční banka (Société Générale)

Česká spořitelna (ERSTE)

Raiffeisenbank

Československá obchodní banka (KBC)

UniCredit Bank Czech Republic and Slovakia

J&T Banka

Mezzanine Capital

EPH

APS Holding

BNP Paribas

Barclays

Citi

Deutsche Bank

HSBC

Employment Tier 1

Dentons' full-service employment team is noted for its 'high professionalism, quick reaction time and detail'. It acts for a wide client base, including multinational companies and large domestic banks. Ladislav Smejkal has vast expertise in employment litigation, including disputes over unfair dismissals, non-competition clauses and discrimination. Tomáš Bílek handles both non-contentious and contentious employment work, and is particularly noted for his work for pharmaceutical and automotive sector clients. The group has strong transactional experience and is able to leverage its regional network for cross-border mandates. Counsel Andrea Hámorská is recommended for data privacy matters.

Practice head(s):

Tomáš Bílek; Ladislav Smejkal

Other key lawyers:

Andrea Hámorská

Testimonials

‘Tomas Bilek provides practical, tailored advice for us, rather than providing a book of all the possible options in a given scenario. His knowledge of our company and our way of working allows him to be very direct in his feedback and advice which, in turn, keeps us moving forward on legal projects without the delay in waiting for counsel input.’

‘Team strengths are responsiveness, professionalism and understanding immediately what is the problem.’

‘Andrea Hamorska – subject matter professional, very good discussions, cooperation, responses are quick, required consultation and work is delivered fast with comments. Trusted partner.’

‘Tomas Bilek – Very good cooperation, helping to build a network of other Denton’s colleagues within Eastern Europe and Russia that can support us with our requests.

‘High professionalism, react quickly on request, looking for details.’

‘Professional cooperation, based on facts, looking for details. A clear explanation of the situation with possible risks, realistic view. Fast reaction, information send in time.’

Key clients

Valeo

Mars Group (Mars Czech, Wrigley and Royal Canin)

Adient (formerly Johnson Controls)

Unilin / Mohawk Industries

PPF banka

Herbacos Recordati

Zentiva

Nike

Tiffany & Co

Trelleborg

Chr. Hansen

Keyence International

Cembrit CZ

Walter Ewag (formerly part of Körber AG)

ING Bank N.V

Projects and energy Tier 1

Dentons has an excellent reputation for its energy practice, and regularly handles high-end mandates spanning the projects and infrastructure space. Practice head Petr Zákoucký is noted for his established expertise in assisting clients from the energy, oil and gas, and mining sectors with M&A deals and prominent transactions. Senior counsel Petr Slach is strong in handling corporate matters for clients in regulated industries, while Jan Procházka handles banking work for renewable energy sector entities. The group regularly leverages the expertise of its offices across Europe and the US in high-stakes acquisitions. At associate level, Barbora Obračajová advises on environmental and regulatory issues.

Practice head(s):

Petr Zákoucký

Other key lawyers:

Petr Slach; Jan Procházka; Barbora Obračajová; Michal Pelikán

Key clients

Sev.en Energy (including Vršanská uhelná, Sev.en EC)

KKCG/MND

Veolia

EPH

Bpd / Draslovka Holding

ENERGO-PRO

E.ON

Pražská energetika

Nordic Solar

Strabag / Hochtief

Real estate and construction Tier 1

Dentons retains its market-leading position in the real estate market and is highlighted for its 'great commercial acumen spiced up by associates with a strong drive'. The group continues to be instructed on top-end real estate-related transactions and large financing projects. Led out of Prague, the global head of the practice Evan Lazar is noted for CEE-wide matters whilst managing partner of the firm Michal Hink advises on acquisitions and disposals. The group regularly works with its European network including Bucharest, Dusseldorf, and Berlin. Co-head Jiří StržÍnek covers real-estate financing matters in Slovakia and Czech Republic. Also in the team is Markéta Tvrdá who advises major institutional investors and developers on complex transactions and senior counsel Jana Matisková.

Practice head(s):

Evan Lazar; Jiří Stržínek; Michal Hink

Other key lawyers:

Jana Matisková; Markéta Tvrdá

Testimonials

‘The team is very responsive and possesses outstanding expertise in the hotel and hospitality market. They are also very business-oriented and give very valuable advice in relation to both legal and business matters.’

‘The team is very responsive and easy to communicate with. Their market knowledge and legal expertise are very valuable in terms of closing deals.’

‘Excellent legal knowledge and experience in RE area, knowledge of client’s processes, similar values to the client.’

‘Understand RE business, out of the box thinking, provide perfect and fast legal service, friends and business partners.’

‘Top-tier mix of senior partners with great commercial acumen spiced up by associates with a strong drive to actually deliver and execute the work.’

Key clients

Round Hill Capital and Blackstone Tactical Opportunities

Crestyl

AEW

SEBRE

Skanska

GIC

Wood & Company

Hana Financial Investment Co. Ltd., Hana Alternative Asset Management Co. Ltd. (Korean investors)

Koramco Asset Management

White Star Real Estate

Commercial, corporate and M&A Tier 2

Dentons is noted for its handling of cross-border corporate deals across the CEE region and strong domestic footing. The practice continues to be instructed by long-term energy clients on high-value and international transactions, including Sev.en Energy Group . Petr Zákoucký jointly leads the group with English-law qualified Chris Watkinson who is the key contact for complex multijurisdictional M&A deals, particularly venture capital transactions. Jan Procházka has a track record acting for clients in the renewable energy and automotive sectors. The team has experience of working with its US offices (including those in Washington and New York) on complex deals.

Practice head(s):

Petr Zákoucký; Chris Watkinson

Other key lawyers:

Jan Procházka

Key clients

Sev.en Energy

EPH

KKCG/MND

BPD Partners/ Draslovka

Veolia

Rockaway

R2G

Best Hotel Properties

Geopost / DPDgroup

Warner Music International

Masonite

Luxfer Holdings

REEF Technology

Carlsberg

Garmin

Westmont

Dispute resolution Tier 2

At Dentons, the dispute resolution group is noted for its strong cross-practice approach covering complex litigation mandates pertaining to employment, white-collar-crime, and insolvency. Led by Ladislav Štorek who has over two decades of expertise located in handling complex litigation, the team has a proven track record acting for large domestic clients and blue-chip companies on high-value mandates before the Czech constitutional court. Co-head and criminal law practice head Ladislav Smejkal focuses on commercial disputes and serves as an arbitrator in the Prague Arbitration Court. Energy and infrastructure matters are dealt with by Petr Zákoucký whilst Jiří Tomola is the name for restructuring work. The team works with its offices in Paris on large arbitration matters.

Practice head(s):

Ladislav Štorek; Ladislav Smejkal

Key clients

Residomo (a Blackstone Group company)

Czechoslovak Group

Tatra Defense Vehicle

Veolia Group

Sev.en Energy

Česká spořitelna

Česká exportní banka (Czech Export Bank)

Raiffeisenbank

Zentiva

STRABAG

Walter Ewag

EU and competition Tier 2

At Dentons, the competition practice retains its strength in the energy and infrastructure sector, with key mandates spanning large merger control matters for multinational energy companies including Sev.en Energy. Petr Zákoucký manages the team and handles complex investigations before Czech, Slovak, and EU competition authorities for clients as well as litigation work. Newly promoted senior associate Adam Přerovský advises clients on the transactional elements of matters and supports competition proceedings. The practice frequently works cross-border with its office in Brussels.

Practice head(s):

Petr Zákoucký

Other key lawyers:

Adam Přerovský

Key clients

Sev.en Energy

L´Oréal

Mars and Royal Canin

Veolia

MND/KKCG

BPD Partners

GeoPost

ROUND HILL CAPITAL and Blackstone

APS Holding

E.ON

Tax Tier 3

Dentons is particularly sought out for high-value tax litigation matters by leading energy sector players. The group has a strong cross-practice approach and is experienced in contentious and non-contentious tax issues including restructuring and insolvency work. Team head Petr Kotáb advises on international taxation and Petr Zákoucký is the contact for high-stakes energy mandates.

Practice head(s):

Petr Kotáb

Other key lawyers:

Petr Zákoucký

Testimonials

‘The combination of legal, tax and accounting knowledge and experience under one roof.’

‘Petr Kotab provides a competitive edge and is well placed to render services in various complex legal/tax/accounting related matters. ’

Key clients

Orbis SA

Sev.en EC, a.s (Sev.en Energy Group)

Veolia Energie ČR, and Veolia Energie Kolín (Veolia Group)

The firm: Dentons’ legal team has been active in the Czech market since 1991.

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

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

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, respond to investigations and resolve disputes.

Competition and antitrust: Dentons provides legal advice and judicial assistance in all aspects of national and EU competition law, consumer law, state aid, tender procedures and regulatory issues. Clients receive tailored, industry-focused advice on complex litigation, investigations by competition authorities, merger control, competition compliance, or commercial arrangements.

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.

Employment and labour: apart from the transactional support the team provides day-to-day full service advisory on both non- contentious and contentious employment, social security and trade union-related issues.

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

Litigation, dispute resolution and arbitration: Dentons’ highly reputable Litigation and Dispute Resolution lawyers are particularly well known for helping clients resolve disputes in energy, construction and engineering, banking, restructuring and insolvency, life sciences and retail. The team is also highly experienced in EU trade disputes, investigations and international arbitration.

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.

Restructuring, insolvency and bankruptcy: Dentons’ teams formulate strategies for trustees, bondholders, investors, traders, debtors, creditors and creditor committees around the world as they pursue claims for clients through negotiation and litigation.

Tax: with experience in worldwide jurisdictions, Dentons provides comprehensive tax advice to individuals, private companies, multinationals and other entities on tax planning, compliance, M&A structuring tax-advantaged investing, transfer pricing, disputes with tax authorities and more.

Department Name Email Telephone
Real estate Jiri Strzinek jiri.strzinek@dentons.com +420 236 082 207
Real estate Michal Hink michal.hink@dentons.com +420 236 082 217
Banking and finance, capital markets Jiri Tomola jiri.tomola@dentons.com +420 236 082 239
Banking and finance, capital markets Daniel Hurych daniel.hurych@dentons.com +420 236 082 206
Restructuring, insolvency and bankruptcy Jiri Tomola jiri.tomola@dentons.com +420 236 082 239
Competition and antitrust Petr Zakoucky petr.zakoucky@dentons.com +420 236 082 280
Energy Petr Zakoucky petr.zakoucky@dentons.com +420 236 082 280
Employment and labour Tomas Bilek tomas.bilek@dentons.com +420 236 082 226
Employment and labour Ladislav Smejkal ladislav.smejkal@dentons.com +420 236 082 242
Litigation and arbitration Ladislav Storek ladislav.storek@dentons.com +420 236 082 218
Litigation and arbitration Ladislav Smejkal ladislav.smejkal@dentons.com +420 236 082 242
Tax Petr Kotab petr.kotab@dentons.com +420 236 082 111
Corporate and M&A, private equity Chris Watkinson chris.watkinson@dentons.com +420 236 082 265
Corporate and M&A, private equity Petr Zakoucky petr.zakoucky@dentons.com +420 236 082 280
Photo Name Position Profile
 Ladislav Štorek  photo Ladislav Štorek Ladislav Štorek is Partner and Head of Litigation and Dispute Resolution Practice…
 Tomáš Bílek  photo Tomáš Bílek Tomáš Bílek is Partner and Co-Head of Employment and Labor practice in…
Mr Michal Hink  photo Mr Michal Hink Michal Hink is the Czech Republic Managing Partner and Co-Head of the…
Mr Daniel Hurych  photo Mr Daniel Hurych Daniel Hurych is Partner and Co-head of Banking and finance practice in…
Mr Evan Lazar  photo Mr Evan Lazar Evan Z. Lazar is Co-Chairman of the Global Real Estate Group at…
Mr Stewart M. Middleman  photo Mr Stewart M. Middleman Stewart M. Middleman is the head of cross-border transactions for Dentons’ Global…
 Jan Procházka  photo Jan Procházka Jan Procházka is a partner in Dentons’ Prague office with 20 years…
Mr Ladislav Smejkal  photo Mr Ladislav Smejkal Ladislav Smejkal is Partner, Head of Criminal law practice and Co-Head of…
 Jiří Stržínek  photo Jiří Stržínek Jiří is partner and Co-head of Real Estate Group in Dentons Prague…
Ms Sona Taghiyeva  photo Ms Sona Taghiyeva Sona Taghiyeva is Partner in Dentons’ Prague office. She focuses on corporate…
 Jiří Tomola  photo Jiří Tomola Jiří Tomola is Partner, Co-head of Banking and finance and Head of…
 Markéta Tvrdá  photo Markéta Tvrdá Markéta Tvrdá is Partner and a senior member of the Real Estate…
Mr Chris Watkinson  photo Mr Chris Watkinson Chris Watkinson is an English law qualified partner based in Prague, Czech…
 Petr Zákoucký  photo Petr Zákoucký Petr Zákoucký is partner in Dentons’ Prague office’s corporate, M&A and energy…
Number of lawyers : 12,000+
at this office : 55+
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Other offices : Dentons now has 200+ offices in 80 countries

At Dentons, we believe that inclusion and diversity are essential to the success and strength of our Firm and the quality of our advice to, and representation of, our clients. We are committed to providing a flexible environment where everyone respects, supports and learns from our collective skills, talents and differences. Click here for our global statement on inclusion and diversity.

Over the last 12 months only, we have advanced numerous inclusion and diversity initiatives for both our people and our clients:

  • Women’s Professional Advancement Strategy – Europe: Our policy sets out a comprehensive strategy to reach a target of 30% women in partnership and key leadership roles by 2025. This includes an agile working policy, mentoring and sponsorship for up and coming female talent, business development support, anti-bias training for partners and HR managers, participation of women in leadership development programs, involvement of a member of the women’s advancement committee in partner admission interviews, and various other steps.
  • 2020 the Year of the Ally: A year-long campaign to use allyship to produce positive, sustained change, including International Women’s Day, Global Pride Day, Global Virtual Town Halls and Global Allyship Trainings. Our Global CEO led a series of global listening sessions to share experiences and co-create responsive actions. The result was five enhanced Global Commitments to Inclusion and Diversity along with clear actions to support change. We also held town hall webinars around themes such as discrimination, racism, allyship, multiculturalism, LGBT+ inclusion in Amsterdam, Frankfurt and Warsaw.
  • External collaboration: We have strengthened our collaboration with key organizations promoting inclusion, such as Stonewall, Catalyst, Global Women Connect, International Women’s Forum. Dentons was named a Stonewall Top Global Employer 2020.
  • Pro bono: As part of our Positive Impact strategy, key focus of our pro bono work has been supporting human rights of diverse groups such as women/girls, LGBT+ and migrants and promoting access to justice. We work closely with organizations such as UN Women and Led by Her to promote equality, support reproductive rights and combat violence against women. Dentons lawyers have worked alongside civil society organizations and taken on important strategic litigation cases to promote LGBT+ rights and promote marriage equality. As part of the Greece Pro Bono Collaborative Project, we have provided direct legal support to asylum seekers on Lesbos.
  • Big Inclusion Project: The Big Inclusion Project was designed to accelerate the inclusion agenda at Dentons and leverage the power of our people to build solutions aligned with our business objectives. Over 225 people across 68 offices at all levels within the Firm, including 12 of our Global Board members, participated on 22 teams to come up with inclusion and diversity solutions at Dentons. The Big Inclusion Project continues as we work to put into action the solutions developed by our Big Inclusion Project teams.

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 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. 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 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. 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 Hentrich 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. 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 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. 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 Energy Sev.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 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. 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 Insolvency 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. www.dentons.com