Dentons > Almaty, Kazakhstan > Firm Profile

050000 ALMATY

Kazakhstan > Banking, finance and capital markets Tier 1

Dentons works across a range of financial fields, including PPP, acquisitions and fintech. Maintaining offices in both Almaty and Nur-Sultan, it has been active in the region for over two decades. Recent additions to its client base include AXA France and KazTransGas. Almaty-based partners Abai Shaikenov  and Vassiliy Zenov lead the banking and finance practice, supported by Ali Imanalin and Nargiza Khamrayeva.

Practice head(s):

Abai Shaikenov; Vassiliy Zenov

Other key lawyers:


‘Dentons probably has the strongest finance practice on the Kazakh market.’

‘Vassiliy Zenov from Dentons, a banking and finance partner, is excellent. He is passionate about the work and a very effective leader and interface with clients. He is supported by an outstanding team of associates.’

‘Great team.’

‘Professional staff.’

‘An excellent, qualified team of specialists who promptly resolve issues. Everything is clear, timely and professional.’

‘Vassiliy Zenov, partner, is qualified and attentive, and has extensive experience in managing and solving tasks. Ali Imanalin, senior associate, is an excellent specialist, doing his job on time and with high quality; very pleasant in communication.’

Key clients


National Bank of Kazakhstan

Agency for Regulation and Development of Financial Market

BTS Digital

Astana International Financial Centre

CITIC Envirotech Water (Aktau)

Eurasian Resources Group

Asian Development Bank

Royal Bank of Scotland plc

HSBC Bank plc

Euler Hermes




Tengri Capital Partners

Kazahstanskaya Ipotechnaya Kompaniya


AXA France

Work highlights

  • Advised AXA France on the conclusion of reinsurance agreements with insurance company licensed in Kazakhstan.
  • Represented Eurasian Resources Group in connection with amendments aimed to change the bank’s interest rate and certain restrictive covenants as well as amendments related to the accession of an additional guarantor of the $2.15bn facility.
  • Advised Asian Development Bank on the listing and placement on the KASE of KZT 10.09bn English law–governed 10.10% green bonds due in January 2023 and KZT 3.87bn 10.12% green bonds due in October 2022, and on the settlement of trades via Kazakhstan Central Securities Depository.

Kazakhstan > Commercial, corporate and M&A Tier 1

Dentons' corporate and M&A practice is complemented by strengths in acquisition finance and competition matters. Maintaining offices in both Almaty and Nur-Sultan, it has been active in the jurisdiction for over two and a half decades, and continues to advise leading clients in the energy and construction industries, among others. Almaty-based partners Abai Shaikenov and Gani Ashimkhan lead the commercial, corporate and M&A practice, supported by Victoria Simonova.

Practice head(s):

Gani Ashimkhan; Abai Shaikenov

Other key lawyers:


‘Always available, hands-on approach. Very good industry knowledge and experience with local authorities.’

‘We very much appreciated Victoria Simonova’s great support in particular during SPA negotiations. She has extensive industry knowledge and experience.’

Key clients

TAV Havalimanlari Holding AS

Kazakhstan Infrastructure Fund CV



Versalis S.p.A

CGN Mining Company Limited

Valmont Industries


Saint-Gobain Produits Pour La Construction SAS

OMV Petrom

Work highlights

  • Advised Valmont Industries on various issues related to investment contracts, protection of investment, amendments to Kazakhstan agricultural and investment laws and regulations to support farmers.
  • Conducted legal due diligence for Almaty International Airport JSC and related entities, and working on the structure, documentation, and competition clearance and completion.
  • Advised Saint-Gobain Produits Pour La Construction SAS with respect to the acquisition of JSC Jambylgyps and its two subsidiaries: Taraz Marble and Jambyl Gyps Stroy LLP.

Kazakhstan > Dispute resolution Tier 1

Dentons' versatile practice includes commercial, corporate, tax and, increasingly, administrative disputes. The group is highly sought after by companies in disputes against the state, notably in investment disputes, and has experience in a wide range of international arbitration proceedings and litigation. In addition to its expertise in intellectual property disputes, the team is also well versed in employment, contract and real estate disputes. Daniyar Toigonbaev is the head of the practice which includes Aigoul Kenjebayeva, the managing partner for Kazakhstan and Central Asia, and Victoria Simonova, an expert in infrastructure projects. Counsel Artur Utarbayev is noted for his strength in litigation. Kanat Skakov left the firm in December 2020.

Practice head(s):

Daniyar Toigonbaev


‘The strengths of the department as a whole are: 1. high work efficiency, 2. responsiveness in solving current problems, 3. high quality of services provided, 4. a large team of professionals.’

‘The main positive quality of these lawyers (Artur Utarbayev, Daniyar Toigonbaev) is the ability to quickly analyse the situation and present a solution in a short time. They are good at representing our interests in court.’

‘The team is hands-on and very responsive at all times. They provide detailed advice and are very happy to guide and support through the process.’

‘Victoria Simonova in particular has gone to great lengths to provide us with support. She responds to our questions in a timely manner, patiently explaining the necessary processes to us with great clarity. They agreed to our requirements as to billing arrangements, stuck to fee estimates and warned us in advance if these might be exceeded.’

Key clients

KazZinc LLP


Citic Construction Ltd.

Orda Glass LLP

Work highlights

  • Represented Orda Glass LLP in court against the tax authority in a dispute related to the client’s activities under an investment contract, securing a successful outcome.
  • Represented KazZinc LLP in court against the tax authority, involving proceedings before the Supreme Court and the Regional First Instance Court, securing a successful outcome.
  • Represented EBRD in a dispute against Kagazy Recycling LLP (KR), the borrower under the loan agreement, and its 100% parent company, Kazakhstan Kagazy JSC (KK), who provided its 100% participation interest in KR to EBRD as a pledge.

Kazakhstan > Energy and natural resources Tier 1

Dentons has been a major player in the energy and natural resources industry in Kazakhstan for over 25 years. It has an outstanding reputation in oil and gas, uranium and solid mineral mining projects. Clients turn to the firm for advice on farm-outs, joint ventures and consortium agreements, well services and drilling contracts, M&A and procurement issues. Recent work included advice to clients on non-performance of obligations under subsoil use contracts because of Covid-19. Elsewhere, Ruslan Nurbekov and Birzhan Zharasbayev assist clients with issues arising from renewable energy and conventional power generation projects. Daniyar Toigonbaev leads the energy and natural resources practice. Aigoul Kenjebayeva is another key individual.

Practice head(s):

Daniyar Toigonbaev

Other key lawyers:

Key clients

Karachaganak Petroleum Operating B.V.

North Caspian Operating N.V.

Cameco Corporation and Cameco Kazakhstan LLP

Halliburton International

Shell Kazakhstan Development BV

Kellogg, Brown and Root UK

Qazaq Soda LLP/ Yildirim Holding A.S.

PETROFAC International (UAE) LTD


Abu Dhabi Future Energy Company PJSC

OMV Petrom

Moore Control Systems Inc.

Work highlights

  • Advised Karachaganak Petroleum Operating B.V. on a wide range of legal issues related to its activities as a major oil and gas producer.
  • Advised Cameco Corporation on highly technical and sophisticated legal issues related to the activity of its joint venture with the national uranium company.
  • Advised OMV Petrom on its entry into a conditional agreement for the sale of its 100% shareholding in Kom-Munai LLP (KOM) and Tasbulat Oil Corporation LLP (TOC) to Magnetic Oil Limited.

Kazakhstan > IP and TMT Tier 1

Dentons has a strong track record handling trade mark and patent filings and prosecutions, as well as data protection cases and IP claims related to unfair competition. With the team in Almaty being embedded in the global network of offices, it is sought out for advice on IP protection in Kazakhstan and further afield in the region. Practice head Victoria Simonova and senior associate Aliya Seitova advise Red Bull on the protection of IP rights in Kazakhstan and other CIS countries, including Tajikistan, Armenia and Georgia. Ozkan Gurden Bingol Partnership and AAEngineering Group LLP are among other key clients.

Practice head(s):

Victoria Simonova

Other key lawyers:


‘Aliya Seitova is very reliable and always answers promptly, satisfactorily and accurately.’

Key clients

Ozkan Gurden Bingol Partnership

AAEngineering Group LLP


Red Bull GmbH

Work highlights

  • Advised Red Bull GmbH in connection with protection (including cancellation actions vs infringing marks) and enforcement of IP rights in Kazakhstan and the CIS countries, including Tajikistan, Uzbekistan, Armenia, Georgia, Turkmenistan, Azerbaijan and Kyrgyzstan.
  • Advised the client on the various intellectual property matters related to the acquisition of the copyrights from the famous Kazakh music author. The work included analysis of the author’s IP rights, negotiations with the Authors’ Society and advising on the cross-border assignment of copyrights.
  • Advised AAEngineering Group LLP on the Kazakhstan law compliance matters of the client’s foreign law governed agreement on technical (constructions) know-how licensing for production of chemicals

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

Dentons’ practice covers all aspects of design and construction work, ranging from initial land use planning and zoning to construction (including procurement methods), commissioning, operation and maintenance, financing and development management. The firm is prominent in a myriad of development projects, such as those concerning airports, roads, commercial/residential/mixed-use developments and gold processing plants. It is also active in energy and natural resources projects. Birzhan Zharasbayev leads the real estate and construction practice.

Practice head(s):

Birzhan Zharasbayev

Other key lawyers:

Bogdan Piskorskiy

Key clients

TAV Airports Holding Co.

AK Altynalmas JSC

St-Gobain produits pour la construction SAS

Kellogg, Brown and Root UK

Qazaq Soda LLP/ Yildirim Holding A.S.

PETROFAC International (UAE) LTD

Valmont Industries Inc.

Moore Control Systems Inc.

Work highlights

  • Assisted TAV Airports Holding Co. with complex due diligence review of the Almaty International Airport’s (AIA) assets prior to purchase of AIA’s shares; conducted a review of the drafts EPC contract (bespoke form) and technical support agreement; advised on securities portfolio and applicable regulatory requirements, re-checking the list of issues requiring third parties’ consent for a pledge and extra-judiciary enforcement of assets being securities; reviewing issues re: land acquisitions and relocation within the safety zone around the AIA, etc.
  • Advised AK Altynalmas JSC on the drafting of the EPC Contract (based on FIDIC ‘Silver Book’) and tender documentation with respect to engineering and construction of the gold refining plant and its infrastructure, as well as with negotiations with the general contractor.
  • Assisted Qazaq Soda LLP/Yildirim Holding A.S. with respect to development of the bidding documentation for the project; drafting the D&B contract (based on FIDIC’s ‘Yellow book’) for a plant with a capacity of 400,000 tons per year in the Zhambyl Oblast; advised on licensing requirements necessary for the implementation of projects tendered by major oil and gas companies operating in Atyrau oblast; provided comments on certain licensing and permitting issues applicable during the lifetime of the project; the project is unique for the region and may potentially involve amending the subsoil use legal framework to allow extraction of certain minerals required for the plant’s production process.

Kazakhstan > Tax and customs Tier 1

Dentons‘ tax practice operates on an interdisciplinary basis, with its work having an interface with areas such as corporate, real estate and litigation. The firm has a particularly strong track record in high-stakes tax disputes, as was evidenced in 2021 when practice head Daniyar Toigonbaev acted for Orda Glass in court proceedings against the tax authority over the client’s activities under an investment contract. Like Toigonbaev, Stanislav Lechshak is also experienced in contentious tax matters. He acts for clients in sectors such as oil and gas, pharmaceuticals, retail, telecoms and mining. Tax adviser Darya Vologodskaya joined from PwC.

Practice head(s):

Daniyar Toigonbaev

Key clients

Orda Glass LLP

Kazzinc LLP

Citic Construction Co., LTD

ArcelorMittal Temirtau, LLP

Kaz Green Tek Solar, LLP

Cameco Corporation

Barclays Bank PLC


Trans-Asia Gas Pipeline Company

Work highlights

  • Represented Orda Glass LLP in court against the tax authority in a dispute related to the client’s activities under the investment contract. The case was recognized as an investment dispute, therefore was considered by the Supreme Court acting as a first instance court.
  • Represented KazZinc LLP in a dispute against the tax authority associated with assessment of about $6m corporate income tax in relation to alleged transactions with sham entities.
  • Advised Citic Construction Co. on taxation of dividends payable to a foreign shareholder in view of the changes in the Kazakhstan’s legislation that became effective on January 1, 2021.

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.

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.

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
Gani Ashimkhan photoMr Gani AshimkhanGani Ashimkhan is a Partner in Dentons’ Almaty office. He focuses on…
Aigoul Kenjebayeva photoMs Aigoul KenjebayevaAigoul Kenjebayeva is the Partner for Kazakhstan at Dentons. She has led…
Abai Shaikenov photoMr Abai ShaikenovAbai is a Managing Partner at Dentons Kazakhstan. Abai has been actively…
Victoria Simonova photoMs Victoria SimonovaVictoria is a partner in Dentons’ Almaty office with over 20 years…
Daniyar Toigonbaev photo Daniyar ToigonbaevPartner
Vassiliy Zenov photo Vassiliy ZenovPartner
Birzhan Zharasbayev photoMr Birzhan ZharasbayevBirzhan’s expertise includes infrastructure, including renewable energy, construction and real estate, PPP,…
Number of lawyers : 12,000+
at this office : 30
INTA - International Trademark Association
Other offices : Dentons now has 200+ offices in over 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 advised on the global offering of €75 million 4.60 per cent. Credit Enhanced Bonds due 2026 for Gaoyou City Construction Investment Development Group

Dentons has represented Gaoyou City Construction Investment Development Group, a leading state-owned infrastructure construction company principally engaged in the construction of municipal infrastructure, water facilities, roads, environmental governance-related facilities and shantytown redevelopment projects in Gaoyou City and Suzhou City, in its global offering under Regulation S of its English law governed €75 million 4.60 per cent. Credit Enhanced Bonds due 2026, with the benefit of an irrevocable Standby Letter of Credit issued by Bank of Jiangsu Co., Ltd., Yangzhou Branch, underwritten by China Industrial Securities International, Industrial Bank of Co. Ltd., Hong Kong Branch, Shanghai Pudong Development Bank, Hong Kong Branch, China Minsheng Banking Corp., Ltd., Hong Kong Branch, CEB International, Guotai Junan International, Guosen Securities (HK), Central Wealth Securities Investment Limited, CNCB Capital, CITIC Securities, CMBC Capital, China International Capital Corporation and Caitong International.

Dentons Rodyk kicks off 2023 with the introduction of next generation leaders

Singapore’s Big Five law firm Dentons Rodyk unveiled its new Executive Committee and also announced the admission of two outstanding young individuals into the senior partnership of the firm, with effect from 1 January 2023.

Court of Appeal releases written grounds for upholding decision in US$1.48b environment related claim

The Singapore Court of Appeal on 2 December 2022, issued its written grounds for upholding the High Court (General Division)’s decision in Ok Tedi Fly River Development Foundation Ltd and others v Ok Tedi Mining Ltd and others [2021] SGHC 205. The appeal was successfully resisted by the Dentons Rodyk team led by Mark Seah, Co-Head of the Litigation Practice and comprised Andrea Gan, Martin See, Alexander Choo and Philip Teh. TSMP Law Corporation’s Mr Adrian Tan and Dr Tang Hang Wu acted for the Appellants.

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

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

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

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

Dentons launches combination with LuatViet in Vietnam

Dentons has launched its previously announced combination with leading Vietnamese law firm, LuatViet, which has more than 40 legal professionals serving clients from offices in Ho Chi Minh City and Hanoi.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

About ICT

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

About Dentons

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

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

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

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

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

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

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

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

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

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. 

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.

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.

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.

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.