Firm Profile > Dentons > Almaty, Kazakhstan

Dentons
135 ABYLAI KHAN AVENUE
050000 ALMATY
Kazakhstan

Kazakhstan > Banking, finance and capital markets Tier 1

The Dentons banking and finance team advises both local and international finance institutions on project financing issues and PPPs, structured finance work, capital markets mandates and Islamic finance matters. Clients also include high-profile players in the oil and gas, mining and natural resources sectors. With broad experience in cross-border transactions, banking and finance group leader Abai Shaikenov has a strong track record in advising on legislative frameworks and advising major lenders and borrowers on complex financing arrangements. Vassiliy Zenov, who was promoted to the partnership in 2020, is also highly experienced in PPPs and capital markets transactions.

Practice head(s):

Abai Shaikenov; Vassiliy Zenov

Other key lawyers:

Ali Imanalin

Testimonials

‘Finance team in Kazakhstan is very efficient, proactive and reliable despite time and work pressures. They come up with elegant solutions for any issues and make themselves available whenever there is a need for their involvement without making the client feel as if he is asking for too much. It is a pleasure to work with the team. Their combined experience in the UK and Kazakhstan and the manner in which they share that experience — without competition, contributing to achieving the same goal for the client — make them the best finance teams to work with on transactions involving both jurisdictions.’

‘Ali Imanalin, a senior associate, is the heart of the finance team in Kazakhstan. Apart from being an exceptional lawyer with strong analytical, negotiation and presentation skills, he is very reliable and easy to work with. Ali becomes truly invested in the project and makes sure the best results are achieved at the same time saving a lot of client’s time.’

Key clients

European Bank for Reconstruction and Development

Royal Bank of Scotland plc and HSBC Bank plc

Air Astana JSC

Asian Development Bank

Kazakhstan > Commercial, corporate and M&A Tier 1

Dentons provides on-the-ground experience in corporate and M&A transactions in Kazakhstan, supporting local and international businesses in the energy, mining, aviation and technology sectors on large cross-border foreign investment deals. New clients are predominately Russian, French and Chinese corporations investing into Kazakhstan. Managing partner Aigoul Kenjebayeva primarily handles corporate and M&A work, PPPs and corporate dispute resolution, and newly promoted partner and group head Gani Ashimkhan advises on foreign investments into Kazakhstan and cross-border M&A. Additionally, Dana Ibrayeva was promoted to senior associate in early 2020.

Practice head(s):

Gani Ashimkhan

Other key lawyers:

Aigoul Kenjebayeva; Dana Ibrayeva; Abai Shaikenov

Key clients

Air Astana JSC

TAV Havalimanlari Holding AS and Kazakhstan Infrastructure Fund C.V.

Saint-Gobain

Kcell

Valmont

Kazakhstan > Dispute resolution Tier 1

The team at Dentons is highly experienced in representing clients in commercial disputes, as well as in contentious tax and customs matters. Additionally, it represents clients in banking litigation, general contract litigation, joint venture and partnership disputes, and IP disputes, among other work. Aigoul Kenjebayeva leads on all matters. Newly promoted partner Daniyar Toigonbaev represents international companies in Kazakh court; the highly regarded Victoria Simonova handles Kazakh and international law matters; and newly promoted counsel Artur Utarbayev is particularly experienced in commercial, contractual, and construction disputes.

Practice head(s):

Daniyar Toigonbaev

Other key lawyers:

Aigoul Kenjebayeva; Victoria Simonova; Artur Utarbayev

Testimonials

‘Dentons possesses comprehensive knowledge of our projects, the relevant PSAs, and all aspects of operations which are especially valuable due to the long term contract with stabilization guarantees. ’

‘Offered great counsel and legal advice in an unfamiliar jurisdiction for us.’

‘Victoria Simonova has provided us with great counsel on administration of justice and law in Kazakhstan over several years. I could not recommend her more highly.’

Key clients

Firma Meda

Salini Costruttori S.p.A

Kazzinc LLP

HeidelbergCement

Nostrum Oil & Gas

Halliburton

Kazakhstan > Energy and natural resources Tier 1

Dentons is primarily focused on projects in the mining and oil and gas sectors, including advising major petroleum, mining, and service companies, as well as major financial institutions in Kazakhstan and nearby CIS countries. Managing partner Aigoul Kenjebayeva advises on upstream, midstream, and pipeline acquisitions, structuring greenfield projects, and other key oil and gas projects. Additionally, Daniyar Toigonbaev frequently represents international companies in court and is an expert in subsoil use codes, while Ruslan Nurbekov advises on renewable energy work, infrastructure projects, PPPs and commercial matters.

Practice head(s):

Aigoul Kenjebayeva

Other key lawyers:

Daniyar Toigonbaev; Ruslan Nurbekov; Victoria Simonova

Key clients

Qazaq Soda LLP/ Yildirim Holding A.S.

KAZ Minerals PLC

Shell Kazakhstan Development BV

UPNK PV LLP

Wood Group PLC

RG Gold Processing LLP

Halliburton International Inc.

KBR, Inc.

MOL Group

Kazakhstan > IP and TMT Tier 1

Dentons assists international clients with IP registration, protection, enforcement and dispute resolution in Kazakhstan. Victoria Simonova is the key name and her broad client base in the IP space includes artists and entrepreneurs, individual inventors, multinationals and venture capital players, among others. She is supported by trade mark and patent attorney Aliya Seitova, who was promoted to senior associate in January 2020.

Practice head(s):

Victoria Simonova

Other key lawyers:

Aliya Seitova

Testimonials

‘ A very responsive, professionally and knowledgeable firm. Competitively priced and willingly to assist in anyway possible.’

Key clients

STADA ARZNEIMITTEL AG

RFGA MANAGEMENT PTY LTD

ABA ROLI

Euronews Sa

Verizon

Red Bull

Kazakhstan > Real estate and construction (including projects) Tier 1

Dentons' infrastructure team assists clients with all stages of construction projects, with work ranging from planning and zoning to advice on construction and procurement methods. Clients include international companies, developers, sub-contractors and vendors. The head of the real estate and construction practice is Birzhan Zharasbayev, who is an expert in infrastructure and PPPs, and leads on major infrastructure and development projects, as well as high-level negotiations with the Kazakhstan government. Abai Shaikenov advises on real estate matters. Senior associate Ruslan Nurbekov is also a key contact at the firm, as is Bogdan Piskorskiy.

Practice head(s):

Birzhan Zharasbayev

Other key lawyers:

Abai Shaikenov; Ruslan Nurbekov; Bogdan Piskorskiy

Key clients

Qazaq Soda LLP/ Yildirim Holding A.S.

KAZ Minerals PLC

Shell Kazakhstan Development BV

UPNK PV LLP

Wood Group PLC

RG Gold Processing LLP

Halliburton International Inc.

KBR, Inc.

IDOM

Kazakhstan > Tax and customs Tier 1

The interdisciplinary team at Dentons is highly experienced in the intersection of tax law and practice areas such as real estate and customs law. The group frequently advises clients active in energy and oil and gas, but the team's experience extends to cover the complexities of niche areas such as the aviation and manufacturing sectors. Team leader Kanat Skakov has successfully represented a wide range of international companies, financial institutions, and manufacturers in high-stakes tax and customs litigation in Kazakhstan, while associate Stanislav Lechshak deals with tax and customs matters relating to the oil and gas, mining, and construction sectors.

Practice head(s):

Kanat Skakov

Other key lawyers:

Stanislav Lechshak

Key clients

Firma Meda

Arcelormittal Temirtau JSC

Kazzinc LLP

Trans-Asia Gas Pipeline Company LLP

Beineu-Shymkent Gas Pipeline LLP

Kaz Minerals Aktogay LLP

Rail and Section Mill Kazakhstan LLP

Digital Spring Ventures LLP

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.

In Kazakhstan, Dentons has been active for more than 20 years. With offices in Almaty and Astana, the firm is the largest, and the leading, international full service legal practice in the country with fully qualified legal and professional staff numbering well over 50. Dentons is consistently ranked #1 among law firms in Kazakhstan, with a leading position in oil and gas, mining, PPP/infrastructure, banking and finance, corporate, M&A, dispute resolution and intellectual property.

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.

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.

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, political and 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. The firm 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
Arbitration Aigoul Kenjebayeva
Banking, finance and capital markets Abai Shaikenov
Competition and antitrust Abai Shaikenov
Corporate, commercial and M&A Abai Shaikenov
Employment and labour Victoria Simonova
Renewable energy Birzhan Zharasbayev
Environment and natural resources Daniyar Toigonbaev
Environment and natural resources Aigoul Kenjebayeva
Environment and natural resources Victoria Simonova
Infrastructure and PPP Birzhan Zharasbayev
Intellectual property and technology Victoria Simonova
Litigation and dispute resolution Victoria Simonova
Litigation and dispute resolution Aigoul Kenjebayeva
Private equity Gani Ashimkhan
Private equity Abai Shaikenov
Real estate and construction Birzhan Zharasbayev
Real estate and construction Abai Shaikenov
Restructuring, insolvency and bankruptcy Victoria Simonova
General commercial Vassiliy Zenov
Tax Daniyar Toigonbaev
Banking. Finance and Capital Markets Vassiliy Zenov
Corporate, Commercial and M&A Gani Ashimkhan
Litigation and dispute resolution Daniyar Toigonbaev
Photo Name Position Profile
 Gani Ashimkhan photo Gani Ashimkhan Partner
Ms Aigoul Kenjebayeva  photo Ms Aigoul Kenjebayeva Aigoul Kenjebayeva is the Managing Partner for Kazakhstan and Central Asia at…
Mr Abai Shaikenov  photo Mr Abai Shaikenov Abai has been actively advising clients in Kazakhstan and across the CIS…
Ms Victoria Simonova  photo Ms Victoria Simonova Victoria is a partner in Dentons’ Almaty office with over 20 years…
 Daniyar Toigonbaev photo Daniyar Toigonbaev Partner
 Vassiliy Zenov photo Vassiliy Zenov Partner
Mr Birzhan Zharasbayev  photo Mr Birzhan Zharasbayev Birzhan’s expertise includes infrastructure, including renewable energy, construction and real estate, PPP,…
Number of lawyers : 12,000+
at this office : 30
English
Kazakh
Russian
INTA - International Trademark Association
AIPN
Other offices : Dentons now has 200+ offices in over 80 countries.
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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