Dentons > Budapest, Hungary > Firm Profile
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Dentons > The Legal 500 RankingsDentons‘ Budapest office houses a sizeable team of banking specialists with extensive cross-border experience. Its transactional expertise spans syndicated loans, bridge and bond financings and tender offer financings, among other areas. The group also provides regulatory advice and is also active in restructuring and insolvency matters. The practice is an active participant in Hungary’s booming renewable energy investment sector, and is sought after for its expertise in financing of solar power park developments. It is also increasingly active in corporate bond issuances. Department head Gergely Horváth has over 25 years of experience in domestic and international bank finance and real estate finance matters, debt capital markets and derivatives transactions. Gábor Király re-joined the practice in April 2021, following a tenure at GB & Partners, and has been appointed Managing partner of the Budapest office in early 2022. Senior associate Gabriella Pataki is another name to note for project finance and restructuring.
Other key lawyers:
Gábor Király; Gabriella Pataki
- Advised Raiffeisen Bank Zrt., the Hungarian branch of regional banking group Raiffeisen Bank and further six local commercial banks in connection with the restructuring of Waberer’s (the European leader in full truckload transportation) debts.
- Advised CPIPG on the legal and financial advisory aspects of the bond issuance with a Budapest-based team of lawyers and advisors. This was Hungary’s first corporate green bond issuance.
- Advised Eximbank in relation to a new financing to be granted to Tungsram Group to mitigate the effects of COVID-19. This so-called rescue financing was one of the first financing granted in Hungary to assist manufacturing companies who were severely effected by the pandemic.
Anita Horváth; Rob Irving
‘The team was very experienced and responsive. All the related risks were explained clearly to allow the client making an informed decision.’
‘We worked with Anita Horváth and János Csáki, who both provided very good support during the transaction. Ms. Hovrath has a strong commercial point of view.’
‘Rob Irving – absolutely fantastic leader, knowledgeable, smart, confident and holding our backs.’
‘They are very friendly and open minded for the international clients who are not familiar with Hungarian law or law system! Work hard to make sure everything can be done before the dead line!’
Arx Equity Partners
Ascendis Health Limited
Optima Investments Limited
SPI International BV
Triodos Investment Management BV
QUARTZ Investment Fund Management PLC
- Advised Central Europe Alfa Asset Management Ltd., and its sole investor Optima Investments Limited, an asset manager owned by the foundation established by the National Bank of Hungary, on the acquisition of Budapest Metropolitan University (METU) from CEE Equity Partners for a cash consideration of $50 million.
- Advised Ascendis Health Limited, a South African publicity listed health and care brands company, on the auction sale of Scitec Nutrition, the Hungary-based global sports nutrition company, to Dutch company Atlas Invest, a sports nutrition business company which is part of the Biotech USA group of companies.
- 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.
Hungary > Competition Tier 1Leveraging its international footprint, Dentons is frequently the go-to counsel for high-value merger clearances; in one highlight, it acted for Mediq Kft on the second phase merger investigation by the GVH into its merger with competitor Replant 4 Care. Elsewhere, the team acts for clients in cartel investigations, abuse of dominance cases and compliance audits, it also advises on state aid matters. Counsels Tihamér Tóth and Tünde Gönczöl co-head the group, which includes István Réczicza, who leads on contentious competition matters. Senior associate Áron Károlyi-Szabó advises on EU competition, state aid and competition law matters that overlap with data protection.
Tihamér Tóth; Tünde Gönczöl
‘Dentons advises on competition law and data protection issues. They are flexible, respond quickly to enquiries and delivery times are great.’
‘Tünde Gönczöl is an exceptionally knowledgeable and experienced professional. She has in- depth knowledge of competition law, local markets and case law and she is very efficient in handling the regulating authorities.’
‘We are in weekly contact with Tünde Gönczöl (competition law) and Áron Károlyi Szabó (data protection). They are quick to understand the task, can identify well with the client’s point of view and are solution-oriented.’
Globe Trade Centre SA
- Successfully represented Twinmed Kft., a Hungarian distributor of innovative medical devices, in a competition supervision procedure concerning the distribution of deep brain stimulation devices in Hungary.
- Representing Vodafone in litigation against the GVH concerning the GVH’s decision by which it imposed a significant fine on Vodafone for infringing the provisions of the Act on the Prohibition of Unfair Commercial Practices against Consumers (UCP Act). This litigation is currently pending at the supreme court of Hungary, the Curia. The firm is also representing Vodafone in another GVH procedure and providing merger related and compliance competition law advice to the client on a continuous basis.
- Represented Invitel, a major player in the Hungarian telecoms and info-communications market, as a plaintiff before the court in several procedures aimed at challenging the legality of the so-called telecom tax, a sector specific duty imposed on telecommunications providers.
Gergely Horváth; Anita Horváth; István Réczicza
‘Ms Eszter Zádori has deep knowledge of the Hungarian energy market and regulation. She renders high value services and does the brain-work instead of the client. A great person with elegant sense of humour and exceptional work ethic.’
‘We have worked with our energy expert for more than a decade now and this not only leads to a high level of efficiency as she knows our business thoroughly, but also as we could develop a very good personal relationship.’
‘They are well prepared and are real experts in energy law, having proper specialist knowledge and experience for energy matters.’
‘The two lawyers who were involved were very engaged. They really enjoyed their task. They examined the issue precisely, with a problem-solving mindset. Advice was very plain. They did not try to escape a definite answer.’
Hungarian Export-Import Bank (Eximbank)
K&H Bank (KBC Group)
EBRD and EIB
- Advising K&H Bank, the Hungarian member of the KBC Group (the Belgian universal bank group) as lender on the financing of 130 photovoltaic power plants operated by five SPV’s located in seven various locations in Hungary, with an aggregated capacity of 65 MW.
‘Sound experience in dealing with major, local and global international real estate transactions. High level advises also on the setting up of company’s and development project’s structure to support a flexible, future investment exit.’
‘Judit Kövari has extensive experience and remains the absolute mastermind and cornerstone of Denton’s RE department. She can rely on a well-instructed, senior layers team to follow up.’
‘Dentons’ real estate team is involved in almost all the big transactions from the side of potential sellers or buyers. They have broad experience concluding lease agreements, construction and/or general contractors’ agreements or due diligence processes and sale transaction on a cooperative way.’
‘The Dentons Budapest real estate team has a deep understanding of the Hungarian and CEE markets. It has a strong international footprint and a solid understanding of the challenges of the local market, these qualities match to GTCs regional footprint and requirements, and the team is ideally positioned to represent us regarding transactions, development projects and leases.’
‘Judit Kövari is a well-known name in the real estate sector. She has a wealth of experience advising investors and developers in Hungary. Based on the size and the value of our projects, we would never go for less. ‘
‘Rita Várnagy has been working with Judit and Marcell on our key transactions this year and we were very pleased with the smooth signing and closing process of such deals. There is a strong cohesion within the Dentons real estate team. The combination of senior management and well-trained team members makes sure all of our transactions are managed effectively, no matter the timeline.’
‘Rita Várnagy – excellent legal knowledge, significant transactional, permitting, and general legal experience, outstanding problem-solving skills, top-quality young lawyer – one to watch!’
SkyGreen Buildings Kft.
Globe Trade Centre S.A. (GTC)
Starwood Capital Group
White Star Real Estate
- Advised the Hungarian subsidiary of Globe Trade Centre S.A. (GTC), the leading Warsaw-listed CEE commercial real estate company, on its sale of Spiral, a landmark office building in Budapest, to Hungarian real estate developer MFB-Ingatlanfejlesztő Zrt.
- Advised SkyGreen Buildings, a member of a leading Hungarian investor group on its sale of Eiffel Square, a prime office complex in central Budapest.
- Advised CPIPG on the legal and financial advisory aspects of the bond issuance with a Budapest-based team of lawyers and advisors.
Other key lawyers:
Tímea Bana; Tibor Kancsár
‘Great availability, flexible colleagues, short delivery times.’
UFA Hungary (RTL Group)
Hungarian Football Federation – MLSZ
- Advising the Hungarian commercial vehicle sales representation subsidiary of a German automotive industry holding company on GDPR compliance matters, including conducting an internal data protection audit at the company.
- Representing an international self-driving vehicle technology developer in front of the Hungarian National Authority for Data Protection and Freedom of Information (NAIH) for data protection and regulatory issues.
- Advising the Hungarian affiliate of FremantleMedia, the international television content production and distribution subsidiary of Bertelsmann’s RTL Group, on data privacy matters, program production, commercial issues and copyright licensing matters.
Hungary > Dispute resolution Tier 2As part of a pan-European dispute resolution practice, Dentons‘ team is well-placed to handle complex cross-border litigation and coordinate CEE-wide cases across a broad range of disciplines. The firm demonstrates strong expertise in international arbitration and claims arising under the Energy Charter Treaty and in relation to bilateral investment treaties. As one of Hungary’s leading litigators, István Réczicza is sought after by private, state-owned companies and sovereigns in a variety of administrative, court and arbitral disputes.
‘Cross-border collaboration, willingness to work on more complicated matters.’
Budapest Airport Zrt.
- Representing Vodafone in litigation against the Hungarian Competition Authority (GVH) concerning the GVH’s decision by which it imposed a significant fine on Vodafone for infringing the provisions of the Act on the Prohibition of Unfair Commercial Practices against Consumers.
- Represented DIGI, one of the key players in the Hungarian pay TV and telecoms market, before the Metropolitan Court in an administrative court procedure initiated for the judicial review of a decision of the Hungarian Competition Authority (GVH).
Hungary > TMT Tier 2Dentons attracts mandates from international TV broadcasters, social media companies, film production companies, private equity clients and well-known Hungarian media and telecoms players. It is also a regular adviser to film and TV production studios. The team is sought after for advice on asset acquisitions, telecoms and media regulation, licensing, copyright, broadcasting and contentious matters. Managing partner and practice head István Réczicza is ‘instrumental in maintaining a top TMT practice group’. Counsel Tímea Bana‘s practice spans the full range of TMT, privacy and data protection and IP issues.
Other key lawyers:
‘Dentons has a long history in the TMT market, which gives the team an exceptional perspective of how regulations and the market has changed over the years, enabling the team to be knowledgeable to the less obvious but often critical regulatory nuances and the behaviours of the regulators and tech companies.’
‘István Réczicza continues to be one of the really few senior TMT lawyers with decades-long history and experience but at the same time keeping a fresh knowledge of latest regulatory developments and market trends. He has been and is instrumental in always maintaining a top TMT practice group.’
‘Tímea Bana: her knowledge extends to content-related aspects of TMT and media, including complexities related to intellectual property and royalties. She is calm, knowledgeable and has the ability to express authority.’
‘I evaluate them as a highly professional legal firm with the necessary industry knowledge. They are one of the bests in the TMT sector in Hungary. Their response time is also great and they are flexible when it’s necessary.’
‘ Istvan Reczicza and Timea Bana both of them are highly professional legal experts of various legal areas, and they have the required business-related background knowledge and the legal connections in the industry.’
Hungarian Football Federation – MLSZ
- Advising Vodafone on various of legal topics, including assistance in the implementation of the European Electronic Communications Code, data protection advice, regulatory advice regarding mobile payment compliance and competition advice.
- Advising a leading online social media and social networking service company, across multiple European jurisdictions, on TMT and e-commerce issues regarding a new app that is under development and planned to be launched in the near future.
- Advising a global television and movie production company in relation to the relocation of the media service licenses obtained under the jurisdiction of the UK to Hungary, pursuant to Brexit.
Other key lawyers:
Tímea Bana; Tibor Kancsár
- Advising Vodafone on a wide variety of legal topics, including assistance in the implementation of the European Electronic Communications Code, data protection advice, regulatory advice regarding mobile payment compliance and competition advice.
- Advising the Hungarian affiliate of FremantleMedia, the international television content production and distribution subsidiary of Bertelsmann’s RTL Group (Europe’s largest TV, radio and production company), on IP matters including program production, commercial issues, copyright licensing and data privacy matters, as well as on GDPR compliance.
- Advising EPAM Systems on its partnership agreements in connection with an EU sponsored smart town and mobility IT development project taking place in Hungary, as well as on GDPR compliance.
Dentons > Firm Profile
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.
With 195+ offices in over 75 countries, Dentons’ global team builds agile, tailored solutions to meet the local, national and global needs of private and public clients of any size.
Dentons in Hungary: Among the leading law firms in Hungary, Dentons has deep roots in the Hungarian business community. Our Budapest office offers dynamic, sophisticated legal services, partnering with clients to advance their interests in Hungary and across CEE/SEE. Many of the world’s largest corporations, preeminent investment banks and sovereign governments rely on Dentons to provide advice on business opportunities and to resolve complex challenges in Hungary and across the region.
Our Budapest office boasts more than 50 Hungarian, UK, US and Canadian qualified lawyers, and it is one of the largest international law firms in Hungary. We are a significant part of an integrated Dentons global team of legal professionals spanning 75-plus countries. With our extensive experience in Hungary and CEE/SEE, combined with access to our strong global network of offices, we bring local depth and global breadth to your most exciting opportunities and challenging disputes.
Advisory services: Budapest is also home to Impact Advisory, a joint venture with Dentons Europe offering consulting services that complement Dentons’ legal services. Impact Advisory was started by former Big 4 leaders and consultants, who seek to deliver content-driven vision and advice to our clients.
|Banking & Finance and Restructuring, Insolvency and Bankruptcy||Gergely Horváthemail@example.com||+36 1 488 5200|
|Competition & Antitrust||Tihamér Tóthfirstname.lastname@example.org||+36 1 488 5200|
|Competition & Antitrust||Tünde Gönczölemail@example.com||+36 1 488 5200|
|Energy, Corporate/M&A, Private Equity and Employment||Anita Horváthfirstname.lastname@example.org||+36 1 488 5200|
|Dispute Resolution, Energy, TMT, IP and Life Sciences||István Récziczaemail@example.com||+36 1 488 5200|
|Corporate/M&A and Private Equity||Rob Irvingfirstname.lastname@example.org||+36 1 488 5200|
|Corporate/M&A and Private Equity||Annamária Csentericsemail@example.com||+36 1 488 5200|
|Real estate||Judit Kővárifirstname.lastname@example.org||+36 1 488 5200|
|Real estate||Marcell Szőnyiemail@example.com||+36 1 488 5200|
|Public Policy & Regulation||Balázs Csudayfirstname.lastname@example.org||+36 1 488 5200|
|Energy||Eszter Zádoriemail@example.com||+36 1 488 5200|
|Ms Tímea Bana||Tímea Bana is a counsel in Dentons’ Budapest office and member of…||View Profile|
|Mr Theodore S. Boone||Theodore S. Boone is Of Counsel in Dentons’ Budapest office. Ted is…||View Profile|
|Mr Bence Böszörményi||Bence Böszörményi is an associate in the Banking and Finance practice group…||View Profile|
|Mr János Csáki||János Csáki is an associate and a member of the Corporate, Mergers…||View Profile|
|Ms Annamária Csenterics||Annamária Csenterics is a partner in Dentons’ global Corporate, M&A and Private…||View Profile|
|Mr Balázs Csuday||Balázs Csuday is a partner at Dentons’ Budapest office and a member…||View Profile|
|Mr Mihály Czesznak||Mihály Czesznak is an associate and a member of the Dispute Resolution…||View Profile|
|Ms Henriett Fekete||Henriett Fekete is an associate and a member of the Energy practice…||View Profile|
|Mr László Fenyvesi||László Fenyvesi is an associate and member of the Dispute Resolution and…||View Profile|
|Ms Anna Gerendás||Anna Gerendás is an associate in Dentons’ Budapest office. She focuses on…||View Profile|
|Ms Tünde Gönczöl||Tünde Gönczöl is a counsel and co-head of Dentons Budapest office’s Competition…||View Profile|
|Mr Gergely Horváth||Gergely Horváth is a partner and head of the Banking and Finance…||View Profile|
|Ms Anita Horváth||Anita Horváth is Co-head of Dentons’ European and Head of the Hungarian…||View Profile|
|Mr Rob Irving||Rob Irving is an experienced M&A and private equity partner and co-chair…||View Profile|
|Ms Nóra Jakab||Nóra Jakab is an associate in the Mergers and Acquisitions (M&A) and…||View Profile|
|Mr Tibor Kancsár||Tibor Kancsár is a senior associate in Dentons’ Budapest office and a…||View Profile|
|Mr Áron Károlyi-Szabó||Áron Károlyi-Szabó is an associate of the EU, Competition and Antitrust, Technology,…||View Profile|
|Mr Gábor Király||Gábor Király is a counsel in the Banking and Finance practice group…||View Profile|
|Ms Lilla Király||Lilla Király is of counsel and member of the Dispute Resolution practice…||View Profile|
|Ms Emőke Kovács||Emőke Kovács is an energy lawyer whose practice focuses on advising electricity…||View Profile|
|Ms Judit Kővári||Judit Kővári is a partner and head of the Real Estate practice…||View Profile|
|Ms Zsófia Lascsik||Zsófia Lascsik is an associate in the Real Estate practice group of…||View Profile|
|Ms Gabriella Pataki||Gabriella Pataki is an associate in the Banking and Finance practice group…||View Profile|
|Ms Eszter Patyi||Eszter Patyi is an associate and a member of the Real Estate…||View Profile|
|Mr András Peisch||András Peisch is an associate in Dentons’ Budapest office and a member…||View Profile|
|Mr Kamran Pirani||Kamran Pirani is a dual, English and Canadian qualified associate in Dentons’…||View Profile|
|Mr István Réczicza||István Réczicza is a partner in Dentons’ global Litigation and Dispute Resolution…||View Profile|
|Ms Réka Szalóky||Réka Szalóky is an associate in the Corporate, Mergers and Acquisitions and…||View Profile|
|Mr Marcell Szőnyi||Marcell Szőnyi is a partner in Dentons’ Budapest office. He focuses primarily…||View Profile|
|Mr Tihamér Tóth||Tihamér Tóth co-heads the Competition and Antitrust practice group in Dentons’ Budapest…||View Profile|
|Ms Rita Várnagy||Rita Várnagy is an associate in the Real Estate practice group of…||View Profile|
|Ms Eszter Zádori||Eszter Zádori is a partner in Dentons’ Budapest office and a member…||View Profile|
Staff FiguresNumber of lawyers : 12,000+ At this office : 50+
Languages70+ languages including: Arabic Afrikaans Azerbaijani Bulgarian Czech Dutch English French Georgian German Hungarian Italian Kazakh Mandarin Polish Romanian Russian Slovak Spanish Turkish Ukrainian Uzbek
OtherOther offices : Dentons now has 195+ offices in over 75 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.
Press Releases7th July 2022 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.
4th July 2022 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.
17th June 2022 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 Rodyk17th June 2022 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 good14th April 2022 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.
18th August 2020
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.
3rd August 2020 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.
3rd August 2020 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
3rd August 2020 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
3rd August 2020 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
3rd August 2020 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
3rd August 2020 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
3rd August 2020 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
Qatar: Product Liability
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United Kingdom: Construction
Published: April 2022
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Qatar: Public Procurement
Published: January 2022
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This country-specific Q&A provides an overview to Public Procurement laws and regulations that may occur in Qatar.
United Kingdom: Public Procurement
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This country-specific Q&A provides an overview to Public Procurement laws and regulations that may occur in United Kingdom.
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Authors: Dr. Matthias Eggert Dr. Arne Klüwer
This country-specific Q&A provides an overview to Securitisation laws and regulations that may occur in Germany.