Dentons > Bratislava, Slovakia > Firm Profile

Dentons
BUSINESS GARDEN STEFANIKOVA
STEFANIKOVA 15
811 05 BRATISLAVA
Slovakia

Slovakia > Banking, finance and capital markets Tier 1

In addition to being known for real estate finance and development work, Dentons also provides expertise in a range of other transactional banking and finance matters, as well as in-court and out-of-court refinancings. Equally strong advising both lenders and borrowers, the practice ‘continuously develops and hence is able to accommodate the market/client dynamics irrespective of the region, country, time of the year’. With Stanislava Valientová departing for J&T Real Estate, the team is now led by Patricia Gossányiová, who was promoted to partner in 2021. Other key names in the area include managing partner Peter Kubina and senior associate Petra Štrbová.

Practice head(s):

Patricia Gossányiová

Other key lawyers:

Petra Štrbová; Stanislava Valientová; Peter Kubina

Testimonials

‘The team continuously develops and hence is able to accommodate the market/client dynamics irrespective of the region/country/time of the year. The team has been approachable and coordinated despite the challenges around and post COVID home office/restriction pressures/new normal.’

‘Client centric and professional approach in everyday interactions, yet human and honest communication style all year long.’

‘Strong experience in real estate financing and acquisition financing.’

Key clients

Tatra banka

Slovenská sporiteľňa

Česká spořitelna

Komerční banka

UniCredit Bank Czech Republic and Slovakia

Projekt Zelezna Studienka

SPP – distribúcia

Work highlights

  • Advised a syndicate of banks led by Tatra banka (a member of the Raiffeisen Group), which teamed up with Slovenská sporitelňa (a member of Erste Bank Group) and UniCredit Bank on one of the largest real estate development financings in Slovakia in years 2020/2021 provided to J&T Real Estate (JTRE), to construct on the Danube riverside in Bratislava a complex of new shopping center and administrative buildings, EUROVEA 2, adjoining on the existing and very successful complex EUROVEA.
  • Advised a club of banks led by Všeobecná úverová banka (a member of the Intesa Sanpaolo Group), which teamed up with UniCredit Bank on one of the largest-ever residential financings in Slovakia on the €105 million loan provided to J&T Real Estate (JTRE), to construct approximately 500 apartments on the Danube riverside in Bratislava, in Slovakia’s first skyscraper, the Eurovea Tower, and in the waterfront building Eurovea Riverside.
  • Advised SPP – Distribúcia, the Slovak leader in natural gas distribution, on its €500 million 1.000 per cent. bond issuance due 2031. The transaction recorded the lowest coupon payable on a corporate bond issued out of Slovakia and one of the lowest coupons payable on a corporate bond offering out of Central Eastern Europe for tenor of 10 years and above.

Slovakia > Real estate and construction Tier 1

Active in major real estate transactions, Dentons' workload spans acquisitions and disposals, as well as a range of real estate financing matters for lenders and borrowers. On the contentious side, real estate and construction disputes are another forte of the practice, which it combines with expertise in development, asset management, leases and public real estate law. Managing counsel Martin Mendel  leads the team, which also includes Peter Kubina, who is known for advising on local and cross-border real estate finance transactions.

Practice head(s):

Martin Mendel

Other key lawyers:

Juraj Gyarfas; Peter Kubina

Testimonials

‘Very good blend of experience and approach to detail while considering the big picture for the client.’

‘Juraj Gyarfas – highly recommended; very likable by the parties – gets deals done; very good quality of work, always available. Martin Mendel – very good knowledge of law; good drafting skills.’

Key clients

KOOPERATIVA poistovna, a.s. Vienna Insurance Group

Club of banks led by Všeobecná úverová banka (a member of the Intesa Sanpaolo Group)

Syndicate of banks led by Tatra banka (a member of the Reiffeisen Group)

Slovenská sporiteľňa (member of the Erste Group)

Projekt Zelezna Studienka

HB Reavis

Eiffage Construction Slovenská republika

YIT Slovakia

Unibail Rodamco Westfield

Tatra Asset Management

Work highlights

  • Advised Unibail-Rodamco-Westfield (URW) on their agreement to sell Slovakia’s third largest shopping center Aupark Bratislava to the investment group Wood & Co and its JV partner Tatra Asset Management for €450 million, considered the most expensive real estate transaction in the history of Slovakia.
  • Advised a club of banks led by Všeobecná úverová banka (a member of the Intesa Sanpaolo Group), which teamed up with UniCredit Bank on one of the largest-ever residential financings in Slovakia. The €105 million loan was provided to J&T Real Estate (JTRE), a market leader in real estate development in Slovakia, to construct approximately 500 apartments on the Danube riverside in Bratislava, in Slovakia’s first skyscraper, the Eurovea Tower, and in the waterfront building Eurovea Riverside.
  • Advised a syndicate of banks led by Tatra banka (a member of the Raiffeisen Group), which teamed up with Slovenska sporitelna (a member of Erste Bank Group) and UniCredit Bank on one of the largest real estate development financings in Slovakia in years 2020/2021.

Slovakia > Commercial, corporate and M&A Tier 2

Dentons' team is noted for its ‘unique combination of knowledge of law, experience and human approach’. It is traditionally strong in M&A in the real estate sector, but is also increasingly active in technology sector transactions, in addition to handling financial sector consolidations. Beyond undertaking transactional work, the firm provides day-to-day support to international clients in Slovakia, including leading pharmaceutical and telecoms companies. The corporate group is supported by an experienced banking and finance practice. The ‘highly recommended’ Juraj Gyárfáš leads the team.

Practice head(s):

Juraj Gyárfáš

Testimonials

‘A unique combination of knowledge of law, experience and human approach makes it a very likeable team.’

‘Juraj Gyarfas – highly recommended; very likable; excellent quality of work, always available and always doing extra work for the client.’

‘Hands on, quick and flexible.’

‘Personal and kind approach. Always here to fix our problems.’

Key clients

Sli.do

Penta Investment Group

Family office of Ivan Chrenko, the first Slovak billionaire

Slovenská sporiteľňa (member of Erste Group)

BK Investment

Spectrum Brands

ENGIE Services a.s.

Eli Lilly

Roche Slovensko

Tatra banka

Work highlights

  • Advised Unibail-Rodamco-Westfield on an agreement to sell Slovakia’s third-largest shopping center Aupark Bratislava to the investment group Wood & Co and its JV partner Tatra Asset Management for €450 million, considered to be the most expensive real estate transaction in the history of Slovakia.
  • Advised Slovakia-based Sli.do, a technology company that provides a best-in-class audience interaction platform, on its sale to Silicon Valley tech giant Cisco Systems, widely considered to have been the largest-ever technology deal in Slovak history.
  • Advised Penta Investment Group on the sale of the Mecom Group of meat processing companies in Slovakia and Hungary, which includes the largest Slovak meat processing plant in Humenné.

Slovakia > Dispute resolution Tier 2

Dentons' team is ‘really professional, combining in-depth knowledge of applicable law and business sense’ with global reach and expertise in advisory, litigation and arbitration work. The firm’s strengths include strategic constitutional and EU law litigation, as well as criminal, civil and commercial litigation. On the arbitration side, the practice acts for clients in domestic and international arbitration proceedings, notably under the Vienna Rules, Swiss Rules, ICC Rules, UNCITRAL Rules and Slovak Bar Association Rules. Peter Kubina, who leads the team, can call on the expertise of Juraj Gyárfáš. Former partner Daniel Lipsic left in 2021 to work for the state.

Practice head(s):

Peter Kubina

Other key lawyers:

Testimonials

‘The team is really professional, combining in-depth knowledge of applicable law and business sense.’

Key clients

Slovak individual client – parents of killed journalist Jozef Kuciak and Jana Kuciaková

MARKIZA – SLOVAKIA

Eiffage Construction Slovenská republika

OHL ŽS

The Slovak Republic

Slovak individual clients – Robert Číž and Adrian Čížová

WRIGLEY Slovakia

Grażyna Maria Kulczyk

Tatra banka (Member of the Raiffeisen Group)

Unicredit Leasing

Work highlights

  • Successfully represented MARKIZA the largest private TV Company in Slovakia in one of the most high-profile trials in Slovak history in criminal proceedings concerning forgery of promissory notes in the amount exceeding €68 million.
  • Representing Grażyna Maria Kulczyk – a foreign entrepreneur, art collector and billionaire – in a dispute over the imposition of a tax liability in the amount of several tens of millions of euros. This is probably the highest tax liability imposed on an individual in the Slovak Republic ever.

Slovakia > Employment Tier 2

Dentons‘ team is particularly skilled at handling employment issues arising from transactions, drawing from its strengths in the areas of corporate, banking, finance and regulatory law. It is notably strong at advising on cross-border labour and employment issues, and generates work from multinational companies in the chemicals, automotive, manufacturing, retail, media, IT and pharmaceutical sectors. Counsel Katarina Pecnová heads up the practice.

Practice head(s):

Katarína Pecnová

Other key lawyers:

Linda Mendelova; Juraj Gyárfáš

Testimonials

‘Linda Mendelova – great support with great attitude, knowledgable of the market and regulatory practices.’

Key clients

Slovenská sporiteľňa

CK Holdings

Mevis

CBRE

Roche

Sli.do

Novartis

ČESKOSLOVENSKA OBCHODNI BANKA, a.s. (Member of KBC Group)

Solera

Work highlights

  • Advised Mevis (one of the world’s leading manufacturers specializing in the manufacture of small metal parts for the automotive, electro-mechanical and domestic appliance industries) on all labour law matters.
  • Advised Sli.do (a Slovakia-based technology company that provides an audience interaction platform) on its sale to Silicon Valley tech giant Cisco Systems. This is widely considered to have been the largest-ever technology deal in Slovak history. Work included advice on various aspects of the transfer of several key employees from Sli.do to Cisco.
  • Advising TARGET GLOBAL on one of the largest investments into a Slovak start-up company and providing ongoing legal advice in connection with various corporate and employment law issues.

The firm: Dentons is designed to be different. As the world’s largest law firm with 20,000 professionals in over 200 locations in more than 80 countries, we can help you grow, protect, operate and finance your business. Our polycentric and purpose-driven approach, together with our commitment to inclusion, diversity, equity and ESG, ensures we challenge the status quo to stay focused on what matters most to you. www.dentons.com

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.

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.

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..

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.

DepartmentNameEmailTelephone
Arbitration, Litigation and dispute resolution Peter Kubinapeter.kubina@dentons.com+421 2 2066 0223
Corporate and M&A, Competition, Energy, Litigation and dispute resolution Juraj Gyárfášjuraj.gyarfas@dentons.com+421 2 2066 0239
Banking and finance, capital markets Patricia Gossányiovápatricia.gossanyiova@dentons.com+421 2 2066 0140
Employment, Corporate, Dispute resolution Stanislav Ďuricastanislav.durica@dentons.com+421 2 2066 0248
Corporate and M&A, Employment Katarina Pecnovakatarina.pecnova@dentons.com+421 220 660 220
Real Estate, Arbitration Martin Mendelmartin.mendel@dentons.com+421 220 660 222
Corporate, Employment Linda Mendeloválinda.mendelova@dentons.com+421 220 660 224
Litigation and dispute resolution, Real Estate Miroslava Ješíkovámiroslava.jesikova@dentons.com+421 2 2066 0324
Banking and finance, capital markets Miroslav Kapinajmiroslav.kapinaj@dentons.com+421 2 2066 0247
PhotoNamePositionProfile
Zuzana Šimeková  photo Zuzana Šimeková Zuzana is Consultant and Co-Head of Europe Life Sciences groupCo. She coordinates…
Petra Štrbová  photo Petra Štrbová Petra Štrbová is a Senior Associate and a member of the Banking…
Jozef Buday photo Jozef BudayJozef Buday is a managing counsel in Dentons’ Bratislava office. He focuses…
Ján Dulovič  photo Ján Dulovič Ján Dulovič is an associate and a member of the Corporate practice…
Patricia Gossányiová  photo Patricia Gossányiová Patricia Gossányiová is a counsel and a Co-Head of the Banking &…
Patricia Gossányiová  photo Patricia Gossányiová Patricia Gossányiová is a partner and Head of the Banking and Finance…
Juraj Gyárfáš  photo Juraj Gyárfáš Juraj is partner in Dentons Bratislava office. Juraj specializes in M&A, dispute…
Juraj Gyárfáš  photo Juraj Gyárfáš Juraj is partner in Dentons Bratislava office. Juraj specializes in M&A, dispute…
Miroslava Ješíková  photo Miroslava Ješíková Miroslava Ješíková is a counsel and a member of the Dispute Resolution…
Tatiana Jevčáková  photo Tatiana Jevčáková Tatiana Jevčáková is a senior associate in Dentons’ Bratislava office. Tatiana focuses…
Peter Kubina  photo Peter Kubina Peter Kubina is the Managing Partner of Dentons’ Bratislava office and Head…
Richard Marcinčin  photo Richard Marcinčin Richard Marcinčin is an associate and a member of the Banking &…
Martin Mendel  photo Martin Mendel Martin Mendel is a managing counsel in Dentons’ Bratislava office and a…
Linda Mendelová  photo Linda Mendelová Linda Mendelová is a counsel in Dentons’ Bratislava office. Linda actively advises…
Radoslav Pálka  photo Radoslav Pálka Radoslav Pálka is a senior associate in Dentons’ Bratislava office and a member…
Peter Panek  photo Peter Panek Peter Panek is an associate in Dentons´ Bratislava office and a member…
Katarína Pecnová  photo Katarína Pecnová Katarína Pecnová is a senior counsel in Dentons’ Bratislava office. She focuses…
Katarina Pecnová photo Katarina PecnováKatarína Pecnová is Of Counsel in Dentons’ Bratislava office.
Katarína Slezáková  photo Katarína Slezáková Katarína Slezáková is a senior associate and a member of the Banking…
Katarína Slezáková  photo Katarína Slezáková Katarína Slezáková is a senior associate and a member of the Banking…
Stanislava Valientová  photo Stanislava Valientová Stanislava Valientová is a Partner in Dentons’ Bratislava office and is Co-Head…
Petra Štrbová photo Petra ŠtrbováPetra Štrbová is a senior associate and a member of Banking and…
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Other offices : Dentons now has 180+ offices in over 70 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.

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