Firm Profile > Dentons > Frankfurt, Germany
60327 FRANKFURT AM MAIN
Dentons > The Legal 500 Rankings
Foreign trade law Tier 1
Dentons' foreign trade law practice is on course for growth: With the arrival of trade compliance specialist Andreas Haak from Taylor Wessing and Florian Wiesner, previously at Clifford Chance, the firm opened a new office in Düsseldorf in 2019, which complements its offices in Berlin and Frankfurt. In the interest of organic growth, team head Julia Pfeil, who is particularly experienced in advising banks on the financing of large-scale export projects, was elevated to the partnership in March 2019. The team's broad offering includes the whole spectrum of foreign trade and export law and, thanks to the firm's global network, has impressive international reach with a particular geographical focus on Russia and Iran. Clemens Maschke handles matters at the intersection with M&A transactions and joint ventures and counsel Maria Brakalova is rated for her expertise in export control and embargo measures against countries and individuals.
‘Julia Pfeil has got excellent expertise in the area of embargo and sanctions law and has a very good interconnectedness with a multitude of decision-makers nationally and internationally.’
AMEPA Angewandte Meßtechnik und Prozeßautomatisierung GmbH
Honeywell International Inc.
Llobe GmbH & Co. KG
Neurocrine BioSciences, Inc.
vbw – Verband der Bayerischen Wirtschaft e.V.
Public procurement Tier 2
Dentons was able to substantially strengthen its procurement practice by the arrival of Andreas Haak and his team of senior associates and associates from Taylor Wessing in February 2019. Haak is now managing partner in the new Düsseldorf office and jointly heads the public procurement team with Wolfram Krohn and Peter Braun. The group has significant expertise in the IT, health, defence and security sectors as well as in infrastructure projects. The advice spectrum ranges from conceptualisation and structuring to implementation of award procedures for federal and state authorities as well as municipalities and utility companies. Another core competence is the advice to bidding companies in national and international award procedures, but also the representation of public contracting authorities in infringement procedures before the European Commission.
Bundesministerium der Verteidigung (BMVg) / Bundesamt für Ausrüstung, Informationstechnik und Nutzung der Bundeswehr
Bundesministerium des Innern, für Heimat und Bau
Deutsche Post AG und DP Inhouse Services GmbH
D.S.C. Dienstleistungs-Service Center GmbH
Duisburger Hafen AG (duisport)
Goethe + Schweitzer GmbH
IHK GFI – Gesellschaft für Informationsverarbeitung mbH
Kreditanstalt für Wiederaufbau (KfW)
Lausitzer und Mitteldeutsche Bergbau-Verwaltungs-GmbH (LMBV)
logport Ruhr GmbH
Private Universität Witten/Herdecke
Ricoh Deutschland GmbH
Stiftung Zentrale Stelle Verpackungsregister (Zentrale Stelle)
thyssenkrupp Industrial Solutions AG, thyssenkrupp Marine Systems GmbH
Xtreme Air GmbH
Real estate Tier 2
Dentons' real estate practice is well versed in project developments and advises a client base composed of international investors and urban housing societies. Particularly remarkable is the advice provided to private equity firms and special funds on the development and subsequent marketing of conversion sites that are meant to be converted to student housing, care units and family flats. Additional strengths of the team behind Dirk-Reiner Voß include land development for logistics facilities as well as refinancing of asset portfolios under the aegis of Bernhard Gemmel. The practice was strengthened by the arrival of David Zafra Carollo from Noerr and Dominik Thomer from Clifford Chance.
‘The firm operates internationally and interdisciplinarily integrated. The international coverage is impressive and extremely helpful.‘
‘Expertise, commitment and a services approach.‘
‘Volker Mergener combines a very independent conduct of proceedings with precision and an outstandingly historic memory.‘
‘Lawyer Voss in Berlin legally structured major developer deals, designed contracts and led negotiations for us. The advice from Mr Voss was to a high legal standard, while he understood to competently incorporate additional tax and insolvency expertise from within the firm even in time-sensitive situations.‘
P3 (Point Park Properties)
Restructuring Tier 2
Dentons has solid expertise in matters at the interface with finance, corporate and insolvency law and is best known for its trustee work, which is frequently handled by managing partner Andreas Ziegenhagen, who also acts as general representative in self-administration proceedings. As another key individual, Arne Friel, who was appointed co-head in May 2019, is experienced in cross-border restructurings and distressed M&A transactions. These two segments are among the practice's key areas of expertise along with assisting creditors and lenders with debt restructuring as well as with the restructuring of real estate financings and promissory note loans. The team also represents creditors in insolvency proceedings and in defence against rescission claims.
‘The practice is excellent in the area of interest representative as trustee.’
‘The team around Mr Ziegenhagen is at all times goal- and performance-oriented and is characterised by absolute professional and technical competence.’
‘Particularly regarding the negotiation and support of trust models, the experience of dealing with matters of company and tax law is showing through. The projects are also actively supported, for example with supervisory mandates or as the member of a steering committee.’
‘The law firm has a very pragmatic approach, considers costs, is characterised by a very good reachability and fast reactions, even on cross-practice matters such as tax law.’
‘Andreas Ziegenhagen is an excellent trustee.’
Germania Beteiligungsgesellschaft mbH
Air Berlin Finance BV
Speyside Equity LLC
Schuldscheindarlehensgläubiger der IFA Group
DRK Kliniken Brandenburg-Thüringen gGmbH
Gerry Weber International AG
Pickhardt & Siebert GmbH
Addfinity Testa Group
CRI Group / Mriya Group
Treveria F S.À.R.L.
Chemnitzer Freie Presse
DIHAG Holding GmbH
Healthcare and life sciences Tier 3
Dentons provides a broad range of services, from transactional support and advice on research and development contracts, cooperation agreements and technology transfer contracts to regulatory matters, such as selective and distribution agreements, as well as social data protection requirements and compliance. This broad range of expertise is also reflected in the trio heading the practice: it consists of hospital transaction specialist Christof Kautzsch, Ilka Mehdorn, who was appointed co-head of the European Life Sciences Regulatory Group in March 2019, and Peter Homberg, whose responsibilities include the management of the German Life Sciences and, since 2019, the European cannabis sector group. Public procurement expert Andreas Haak joined the team in January 2019 from Taylor Wessing.
State aid Tier 3
Dentons state aid team is jointly headed by Jörg Karenfort, who commutes between the Berlin and Brussels offices, and Andreas Haak, who until February 2019 acted as practice head at Taylor Wessing and is now based in Düsseldorf. The practice cooperates closely with the procurement teams in Berlin, Frankfurt and Düsseldorf as well as with the tax, banking and corporate experts of the firm. The group's advisory focus rests on the health and infrastructure sectors among others. But also the energy industry and digital transformation have been playing a mayor role within the practice, particularly in relation to state aid advice on subsidy applications and M&A transactions.
‘Excellent international network and experience combined with strong practical advice.‘
‘Valued colleagues with great know-how especially in European state aid law.‘
‘Excellent support through Andreas Haak. High technical industry expertise paired with a realistic assessment of circumstances. First-class results.‘
‘Matthias Nordmann is an excellent and valued colleague.‘
‘Rene Grafunder – very pleasant cooperation, technically skilled and client-oriented.‘
Dt. Sparkassen und Giroverband (DSGV)
Duisburger Hafen AG (“duisport”)
Medien Union Gruppe
The 'up-and-coming' team at Dentons provides 'a very good service', which is regularly called upon by national and international financial institutions, insurance companies and alternative lenders. These mandates, which are frequently handled in cooperation with various other offices and practice groups, often pertain to structured loans, refinancing issues, securitisation transactions and regulatory matters. Arne Klüwer provides 'precise answers in the depth required' and heads the practice, which includes securitisation and loan financing expert Matthias Eggert and Holger Schelling, who focuses on regulatory work and joined the team from Mayer Brown LLP in March 2019. In June 2019, Mortimer Berlet left the team to work in-house at Deutsche Bank.
‘The team always keeps an eye on the client’s needs.‘
‘A very close-knit team.‘
‘Very deep experience the whole variety of this area.‘
‘Technically up to speed.‘
Bank Vontobel AG
Bayerische Landesbank AG (BayernLB)
Joh. Berenberg, Gossler & Co. KG
CRX Markets AG
KKR & Co. Inc
Münchener Rückversicherungs Gesellschaft AG (Munich Re)
UniCredit Bank AG
Volkswagen Financial Services AG
Wilmington Trust SP Services (Frankfurt) GmbH
Antitrust Tier 4
The antitrust practice at Dentons stands out for its broad sector expertise. Jointly led by Jörg Karenfort and René Grafunder, the team has antitrust expertise in the insurance, automotive, e-money and media sectors and regularly acts in phase II proceedings before the Federal Cartel Office. In spring 2019, Florian Wiesner joined from Clifford Chance; he has particular strength in merger control proceedings. At the same time, the firm focuses on organic growth: compliance specialist Josef Hainz made partner in April 2019.
‘Dentons offers practical and problem-oriented advice. Furthermore, the international profile of the firm allows for a legal one-stop shop for internationally operating corporations.‘
‘The antitrust team at Dentons in Germany is very internationally-oriented, with connections to nearly all relevant jurisdictions.‘
‘The antitrust team at Dentons is prepared to see the bigger picture and offers innovative legal advice, especially in relation to digitalisation and the use of legal tech solutions.‘
‘Jörg Karenfort is very well versed as well as imaginative and stays on top of things.‘
‘René Grafunder is absolutely reliable and his answers are precise and clear.‘
Bundesverband Deutscher Banken, Bankenverband e.V.
Stiftung Zentrale Stelle Verpackungsregister
Tax Tier 4
Dentons handles tax law matters arising from M&A and real estate transactions and is also experienced in transfer pricing and tax matters pertaining to W&I and special tax insurance policies. The team also provides assistance with tax and financial audits by tax authorities and demonstrates expertise in employment law-related tax matters as well as in VAT and customs law. This service is rounded off with advice to companies and individuals on tax returns, asset structuring and the tax structuring of rental agreements. Co-team heads Michael Graf and Stephan Busch are well versed in compliance matters and regularly represent individuals, manufacturing companies and financial institutions in tax disputes in and out of court.
‘The team has excellent expertise. It distinguishes itself particularly with its pragmatic and commercial solutions.’
‘A dynamic and broad practice.’
‘Dentons tax team in Frankfurt has broad knowledge, can convey complex topics in simple terms and delivers a conclusive, legally sound, commercially sensible and in practice workable solution within a short time.’
‘The team stands out for its precise analysis of matters.’
‘Michael Graf manages to always take into consideration not only the tax aspects but also commercial aspects in his suggested solutions. He therefore creates a true added value for clients.’
BVV Versicherungsverein des Bankgewerbes a. G.
Deutsche Vermögensberatung AG
Deutscher Sparkassen- und Giroverband
Dual Specialty M&A GmbH
Franger Investment KGaA
S Broker AG & Co KG
Tokyo Marine HCC
Volkswagen Financial Services
Dentons frequently assists clients with post-M&A, energy and plant engineering arbitration. The German team is strongly integrated in the firm's international network, which results in its practice being characterised by cross-border matters. Practice head Amy Kläsener has longstanding experience in this field and also regularly acts as arbitrator. Due to his China expertise, Heiko Heppner is a well-versed key contact for disputes with Chinese parties. Counsel Courtney Lotfi also strongly focuses on international proceedings and particularly specialises in disputes in the energy sector.
‘A team with a lot of power and assertiveness.‘
‘Based on the good familiarisation with the matter, the group can legally and tactically advise on an outstanding level.‘
‘Amy Kläsener is strong in commercial matters and an excellent arbitrator.‘
‘Heiko Heppner is strong in arbitration proceedings with Asian participation.‘
‘Cortney Lotfi impresses with her ability to bundle information, data, strategy and procedural tactics in a powerful manner.‘
Silver Ridge Power
Compliance Tier 5
Dentons' compliance expertise ranges from developing compliance management systems, advice on competition law, data protection, export control and sanctions to money laundering and financial compliance; the group works particularly closely with its European network. The practice is headed by Rainer Markfort and Judith Aron, who made partner in April 2019. Lars Kutzner, previously at Noerr, has strengthened the team's commercial, tax and capital markets criminal law expertise since his arrival in April 2019 and Ann-Kristin Cahnbley joined in November 2019 from Clifford Chance; she has experience in internal investigations and in establishing compliance management systems. Julia Pfeil also made partner.
Corporate Tier 5
Dentons' corporate practice acts for its medium-sized clients based on a sector focus approach and often in matters with cross-border aspects, while the team is particularly well equipped to assist with issues in the financial and energy as well as health sectors. The group advises on mergers, changes of legal form and corporate aspects of transactions and additionally handles private equity, venture capital and compliance-related cases. Berlin-based practice head Christof Kautzsch particularly often assists clients from the regulated industries.
‘Risks are clearly identified, as well as ways to deal with these risks.‘
‘A well-coordinated team of German legal experts with global relevance.’
‘Alexander von Bergwelt has a very good understanding of economical contexts and industries.’
Finanzgruppe Deutscher Sparkassen- und Giroverband
Royal Reesink / AM Group
Cross Equity Partners
Employment Tier 5
Dentons advises corporate groups, companies and executives on the full spectrum of employment and social security law. The team has significant expertise in the healthcare, services, transport and logistics sectors as well as the finance, insurance, metal and electronics industries, including automotive. Co-team head Markus Diepold has experience in collective employment law and in restructuring-related matters, which frequently feature multijurisdictional aspects, while co-head Utz Andelewski has an excellent niche in ecclesiastical employment law and advises various charitable institutions. Since February 2019, Sascha Grosjean, who joined from Taylor Wessing, has been in charge of setting up the firm's Düsseldorf office. He predominantly handels pensions-related work.
Other key lawyers:
‘A team of very experienced employment lawyers.‘
‘Frank Lenzen is a very nice and competent contact. His assessments and recommendations are very practical and he is very committed.‘
‘Frank Lenzen knows how to deescalate even the most difficult situations and therefore keeps his client’s damage as low as possible.‘
BG Kliniken – Klinikverbund der gesetzlichen Unfallversicherung
ERGO Group AG
Institut der Wirtschaftsprüfer in Deutschland e. V.
NWD Nordwest Dental GmbH & Co. KG
Energy Tier 5
Dentons focuses on large-scale cross-border instructions, most notably transactions. For this purpose, Berlin-based team head Thomas Schubert regularly calls on colleagues from offices across the firm's international network to predominantly handle European instructions but also mandates from Canada, Russia, the US and China. With the arrival of counsel Gabriele Haas from Uniper in May 2019 and Jan Scharfenberg's appointment to counsel in March 2019, the team boosted its bench strength in the regulatory sphere. Antitrust expert Josef Hainz and corporate specialist Volker Junghanns were both elevated to the partnership in April 2019.
The client base of Dentons‘ M&A practice is comprised of medium-sized companies as well as international corporations and financial investors, while the team has especially deep knowledge of the regulated industries. The global network of the team allows for comprehensive advice on cross-border transactions. Berlin-based practice head Christof Kautzsch particularly often assists with matters in the health sector. At the recently opened Düsseldorf office, Predrag Maksimovic, previously at IKB Deutsche Industriebank, as well as Frank Tepper-Sawacki, previously at PwC Legal (PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft), advise on transactional matters.
‘Good industry and client knowledge.’
Planning and environment Tier 5
Advice on product-related environmental law, especially in the recycling sector, and assisting the product and packaging industry are the mainstays of Dentons' environmental and planning practice. 'Excellent top lawyer' Ilka Mehdorn heads the team from Berlin and is supported by Frankfurt-based Julia Pfeil, who made partner in April 2019.
‘Extremely deep knowledge of single subject matters (even in niche areas), then able to perfectly connect this with general specifications. Creative, always available, incredibly efficient in implementing as well as very quick, knowledge of the market and participants. No problem continues to exist without a solution, very high recognition and acceptance by all participants, clarity, transparency, always on excellent level. Indeed always phenomenal performances.‘
‘Ilka Mehdorn – she is an excellent top lawyer.‘
DPG Deutsche Pfandsystem GmbH
Stiftung Zentrale Stelle Verpackungsregister (Zentrale Stelle)
Emerson Electric Co.
Trade marks Tier 5
Dentons has international work at its core, handling contentious cross-border proceedings alongside non-contentious IP portfolio, licensing agreement and distribution issues. Constantin Rehaag and Stefan Dittmer, who jointly head the practice, also succeeded in expanding its trade mark and design registration practice without diminishing its forensic capabilities. In the counterfeiting and product piracy space, the team can draw on of counsel and former public prosecutor Helmut Brandau's extensive expertise in criminal law.
Other key lawyers:
‘Technically very focused, always with a realistic outlook on the whole situation.’
‘Constantin Rehaag is strategically strong and demonstrates excellent eye measure.’
Konica Minolta & Konica Minolta Business Solutions Europe
Dentons > Firm Profile
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 recognized by prominent business and legal publications for its innovations in client service, including founding Nextlaw Labs and the Nextlaw Referral Network. Dentons’ polycentric approach and world-class talent challenge the status quo to advance client interests in the communities in which we live and work.
With 180+ offices in over 70 countries, Dentons’ global team builds agile, tailored solutions to meet the local, national and global needs of private and public clients of any size.
Since 2019, Dentons counts a total of four offices in Germany (Berlin, Frankfurt, Munich, Dusseldorf). Our team at the Dentons Frankfurt office provide our clients with the full range of legal services, offering profound expertise to multinational conglomerates, institutional investors and banks in all major areas of business and tax law. Our clients benefit from our particular strengths in intellectual property, private equity, financial market regulation and technology. This is due to our extensive experience in working with leading domestic and international enterprises from the life sciences, digital media and entertainment, consumer and luxury goods sectors, as well as in banking and finance, regulation and funds.
|Banking and Finance||Dr. Arne Klüwer|
|Capital Markets||Robert Michels|
|Corporate/M&A||Dr. Christof Kautzsch|
|Employment||Dr. Utz Andelewski|
|Intellectual Property and Technology||Dr. Constantin Rehaag|
|Competition and Antitrust||Dr. Jörg Karenfort|
|Litigation and Dispute Resolution||Amy Kläsener|
|Real Estate||Dirk-Reiner Voß|
|Restructuring, Insolvency and Bankruptcy||Andreas Ziegenhagen|
|Tax||Dr. Stephan Busch|
Staff FiguresNumber of lawyers : 10,500+ At this office : 60+
Languages70+ languages including: Arabic Afrikaans Azerbaijani Bulgarian Czech English French Georgian German Hungarian Italian Kazakh Chinese (Mandarin) Polish Romanian Russian Slovak Spanish Turkish Ukrainian Uzbek
OtherOther offices : Dentons now has 180+ offices in over 70 countries.
Press Releases18th 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 Dentons Dentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic. www.dentons.com
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 Dentons Dentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic. www.dentons.com
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 Hentrich About Dentons Dentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic. www.dentons.com
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 Dentons Dentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic. www.dentons.com
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 Energy Sev.en Energy owns significant coal and energy production assets in the Czech Republic, the United Kingdom, Australia and the USA. It is the largest private operator of coalmines and conventional power plants in the Czech Republic, and employs more than 3,500 people. In 2019, Sev.en Energy acquired additional power generation assets from Swiss energy group Alpiq and a 50% stake in the multinational energy company – InterGen N.V., which is one of the leading independent power generators with gas-fired power plants in the UK and coal-fired power plants and coal mines in Australia. When pro-forma aggregated with the financial results of InterGen and Alpiq CZ, Sev.en Energy group combined revenues in 2019 were EUR 1,4 billion and EBITDA of EUR 319 million. About Dentons Dentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic. www.dentons.com
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 Insolvency About Dentons Dentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic. www.dentons.com
Published: March 2020
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.
Qatar: Product Liability
Published: March 2020
Authors: Dorina Drowniak Zaher Nammour
This country-specific Q&A provides an overview to Product Liability laws and regulations that may occur in Qatar.
China: Restructuring & Insolvency
Published: May 2020
Authors: Xiuchao Yin Yang Zhiguo
This country-specific Q&A provides an overview to Restructuring & Insolvency laws and regulations that may occur in China.
Morocco: Franchise & Licensing
Published: September 2020
Authors: Mehdi Megzari Khadija Zoulali
This country-specific Q&A provides an overview to Franchise & Licensing laws and regulations that may occur in Morocco.
United Kingdom: Public Procurement
Published: January 2020
Authors: Catherine Bingham David McGowan Dan Bodle
This country-specific Q&A provides an overview to Public Procurement laws and regulations that may occur in United Kingdom.