Firm Profile > Dentons > Abu Dhabi, United Arab Emirates

Dentons
SUITE 1204, AL GHAITH TOWER, HAMDAN STREET
P.O.BOX 47656
ABU DHABI
United Arab Emirates

Banking and finance: Corporate finance (including Islamic lending) Tier 1

Dentons has a 'very knowledgeable' and 'responsive' banking and finance team, which advises clients ranging from governments and corporations to financial intermediaries and brokers. Reflective of its standing in the market, the group advises the leading international and domestic financial institutions. Also notable is that it has a strong presence in the transport sector, particularly aviation. Practice head Qasim Aslam is a well-recognised name in the Islamic finance space. Another key individual is Middle East managing partner Paul Jarvis, who has broad experience of both domestic and cross-border financings involving all types of assets, with a particular focus on ship and aircraft finance.

Practice head(s):

Qasim Aslam

Other key lawyers:

Paul Jarvis

Testimonials

‘In-depth knowledge of subject matter, availability of counsel, turnaround time’

‘Qasim Aslam: very knowledgeable partner with good attention to detail. Jane Flournoy: very dedicated and detail-oriented’

‘The team is very knowledgeable and more importantly very responsive. Turn around time are very short and they are always available to take your call or respond to your emails.’

Key clients

Standard Chartered Bank (SCB)

Dubai Islamic Bank PJSC (DIB)

Mashreqbank PSC

Abu Dhabi Commercial Bank PJSC

Noor Bank PJSC (acquired by DIB in Jan 2020)

Abu Dhabi Islamic Bank PJSC (ADIB)

Dubai Multi Commodities Centre (DMCC)

Emirates NBD Bank PJSC

National Bank of Ras Al Khaimah

Islamic Development Bank (IsDB)

Commercial Bank of Dubai PJSC

Mizuho Bank Limited

Etihad Airways PJSC

Construction Tier 1

With experience from 'years of acting on high profile contentious construction matters’, Dentons is instructed on some of the region's largest disputes. Practice head Alastair Young's recent work has included heavyweight matters for regional and international contractors, primarily focusing on airport projects, while Ian Dalley is known for work both for internationally regarded contractors and locally connected employers. Dean Ryburn, who was a May 2020 partner promotion, focuses on the contentious side of construction, and Suzannah Fairbairn is a notable associate. Mhairi Main Garcia's broader projects practice includes some front-end construction work.

Practice head(s):

Alastair Young

Other key lawyers:

Ian Dalley; Dean Ryburn; Suzannah Fairbairn; Mhairi Main Gracia

Testimonials

‘This is a top tier team with a deep understanding of local law combined with international standards of service delivery. What makes the practice unique is the experience they have gained from years of acting on high profile contentious construction matters. ’

‘Ian Dalley is the stand out partner. Ian has an extraordinary understanding of the regional construction environment both as an engineer and a first class lawyer. Ian has a friendly, down to earth and engaging style, making him a close and trusted advisor. ’

Key clients

Murray & Roberts (Middle East)

BIC Contracting

Takenaka Corporation

Enviromena

Al Farwaniya Property Developments LLC

Emirates Global Aluminium (EGA)

Gulf Related

SENAAT (General Holding Corporation PJSC)

Sumitomo Corporation, Gulf Investment Corporation and Korea Electric Power Corporation

Oman Power and Water Procurement Company (OPWP)

Zonescorp

Infrastructure and projects (including project finance) Tier 1

Dentons has a 'full infrastructure and utilities service' that offers 'seamless multi-jurisdictional support'. The firm advises a broad range of clients including government procurers, sponsors, lenders and contractors across the region. Key areas of work involve transport projects, utilities projects such as power and wastewater, as well as social infrastructure projects including housing and schools. Mhairi Main Garcia has significant expertise in energy and infrastructure. 'Stand out partner' Jon Nash focuses on the project contract/commercial documentation aspects of transactions. Qasim Aslam is also noted and heads the UAE banking and finance team.

Practice head(s):

Mhairi Main Garcia; Jon Nash; Qasim Aslam

Testimonials

‘Unique experience in the utilities sector and an understanding of our business developed over almost a decade of partnership with Dentons. Dentons offer a full infrastructure and utilities service from construction to offtake and concession arrangements to project finance. There is strong and seamless multi-jurisdictional support through Dentons’ extensive network of offices in the jurisdictions we operate in.’

‘Jon Nash is a stand out partner at Dentons in the infrastructure and projects space, especially in our sector.’

Key clients

ACWA Power International

Maysan Properties SAOC

Gemalto Middle East FZ LLC

Al Husainiyah Power Generation Company

Samba Financial Group

National Central Cooling Company PJSC (Tabreed)

Emirates Global Aluminium (EGA)

Sumitomo Corporation,

Gulf Investment Corporation

Korea Electric Power Corporation (KEPCO)

Al Blagha Holding

Tamasuk Holding

Agility

Capital markets Tier 2

Dentons' Alex Roussos heads a practice advising investment banks, multilateral development institutions and private sector businesses on debt issuances under both convention and Shari'ah complaint structures. The practice regularly works with its offices elsewhere in the GCC for issuers across the region.

Practice head(s):

Alex Roussos

Testimonials

‘The team is led by a committed, hard working, talented and knowledgeable partner. They routinely deliver excellent results, to short high pressure deadlines.’

‘Dentons in Dubai is a leading firm for regulatory capital and sukuk in the MENA region. They have an in depth technical knowledge of AT1 in the region and are considered to be one of a small handful of go to firms for practical advice on these instruments.’

‘Alex Roussos in Dubai is very visible on transactions. This is very much a partner led practice. Alex is pragmatic and easy to work with. He is great at collaborating with all stakeholders to get transactions over the line.’

Key clients

Abu Dhabi Islamic Bank (ADIB)

Dubai Islamic Bank (DIB)

Barclays Bank

Citigroup

Standard Chartered Bank (SCB)

Emirates NBD

First Abu Dhabi Bank (FAB)

HSBC

JP Morgan

KAMCO Investment Company

Kuwait Finance House (KFH)

Commercial Bank of Dubai (CBD)

Islamic Development Bank (IDB)

Qatar International Islamic Bank (QIIB)

Bank of Sharjah

Burgan Bank KPSC

National Bank of Ras Al Khaimah (RAKBANK)

National Bank of Oman

Bank Dhofar

Dispute resolution: arbitration and international litigation Tier 2

Andrew Cheung, who returns to client-facing work after a stint as the firm's general counsel, is the key contact for commercial dispute resolution at Dentons in the UAE. Instructions of late have concerned legally novel DIFC Court cases through to arbitrations crossing a range of industries. Richard Clarke is a key senior associate and associate Zahra Rose Khawaja is also well regarded.

Practice head(s):

Alastair Young; Andrew Cheung

Other key lawyers:

Richard Clarke; Zahra Rose Khawaja

Testimonials

‘The Dentons dispute resolution team in Dubai is first class and has been involved in some of the most significant cases in recent years.’

‘Andrew Cheung is a heavyweight litigator and fantastic with clients. Richard Clarke is a star in the making and has made a major impact in the region.’

Key clients

State Bank of Mauritius

3M

Haulotte Group

Ultra Electronics, 3eTI

BASF

Indus International FZC

Oil, gas and natural resources Tier 2

Sitting alongside her broader projects and project finance practice at Dentons, Mhairi Main Garcia's expertise includes transactions in the midstream space, as well as strategic-level matters concerning concessions and market exits.

Practice head(s):

Mhairi Main Garcia

Key clients

BP

Gulf Investment Corporation

Wintershall Holding GmbH

Snam

Commercial, corporate and M&A Tier 3

Infrastructure and private equity are two areas of practice at Dentons, which in addition to acting as lead transaction counsel is notable for its instructions to handle regional elements of global mega-deals. Practice head Iain Black  is active across these spaces, while Ziad Saad, who divides his time between Dubai and Saudi Arabia, advises a number of businesses on their operations and structures in the Kingdom Ghassan Shuhaibar is now in-house at Sweetheart Kitchen Operations.

Practice head(s):

Iain Black

Testimonials

‘The Dentons team have a deep knowledge in the space and provide thoughtful, balanced views to address legal risk and broader considerations in a transaction – all focused on the goal of completing the proposed transaction while meaningfully protecting against risk.’

 

Key clients

MENA Infrastructure Fund

Redington International

DMCC (Dubai Multi Commodities Centre)

BASF

DHL

Gulf Capital

National Central Cooling Company (Tabreed)

Delta Partners

Sweetheart Kitchen

Alamar Foods DMCC

DWTC (Dubai World Trade Centre)

SAS Middle East FZ LLC

Sharjah Islamic Bank

Emirates Nature-WWF (in association with World Wildlife Fund)

Children’s National Medical Centre

Real estate Tier 3

At Dentons, senior associate Joe Carroll is very experienced in advising on the real estate elements of M&A deals, strata titling matters and leasing properties in the UAE's free zones.

Other key lawyers:

Joe Carroll

Key clients

Al Masaood

Asyad Group

DMCC (Dubai Multi Commodities Centre)

Inmarsat Global Limited

Keyz Investment Enterprises

National Central Cooling Company PJSC (Tabreed)

Al Farwaniya Property Developments

Alamar Foods

Noor Bank PJSC

Shipping Tier 3

At Dentons, Middle East managing partner Paul Jarvis has a focus on bank-side ship finance work using both conventional vessel mortgages and ijara structures. He is supported by senior associate Nathaniel Armstrong, and the practice is noted for its connections to Emirati banks. Dentons

Practice head(s):

Paul Jarvis

Other key lawyers:

Nathaniel Armstrong

Key clients

Standard Chartered Bank (SCB)

Gulf Navigation Holding PJSC

Abu Dhabi Commercial Bank PJSC (ADCB)

Abu Dhabi Islamic Bank PJSC (ADIB)

First Abu Dhabi Bank (FAB)

Banco Santander S.A.

Emirates Ship Investment Company

Employment Tier 4

Dentons has a broad client offering that includes advice on employment contracts and handbooks, internal regulatory investigations and employee terminations. Catherine Beckett has a wide range of expertise, as well as a strong background in corporate and commercial law. Senior legal consultant Shiraz Sethi, who has joined as the regional head of employment, and legal director Ali Al Assaad were new arrivals in 2021.

Practice head(s):

Shiraz Sethi

Other key lawyers:

Catherine Beckett; Ali Al Assaad

Key clients

Wizz Air

Arbuthnot Latham

Delta Partners Group

KCI

Copperleaf Technologies

KPS Partners

GoGo

Kraft Heinz

Children’s National Health System

Rackspace

Dentons is the world’s largest law firm. Our global team builds agile, tailored solutions to meet the local, national and global needs of private and public clients of all sizes all over the world. We are the first truly polycentric global law firm and our structure affords flexibility in responding to client business needs wherever in the world they arise.

Our presence in the Middle East is among the largest of any international law firm and spans the UAE, Saudi Arabia, Oman, Qatar, Jordan, Lebanon and Egypt and our offices collaborate closely both across the region and internationally. With over 50 years of experience in these markets, our long-standing relationships with government officials, financial institutions and other intermediaries provide a strategic advantage for our clients.

Dentons has been operating in the UAE since 1968, when our Abu Dhabi office was established, and has seen the region develop over the years. Our Dubai office was established in 1969 and has wide experience across all of our areas of practice. The two offices cooperate closely to provide regional and international clients with the benefits of a fully integrated practice in the United Arab Emirates. The firm has been involved in landmark events, with Dentons’ lawyers acting as counsel to the late Sheikh Zayed bin Sultan Al Nahyan and helping to draft the treaty that united the Emirates.

Clients benefit from our unrivalled understanding of the legal and business environment gained from both our unique experience in helping to shape the legal and regulatory landscape of the UAE, as well as our long-standing relationships with local business communities and governments.

Department Name Email Telephone
Dubai Office Managing Partner Alastair Young alastair.young@dentons.com +971 4 402 0999
Abu Dhabi Office Managing Partner Ian Dalley ian.dalley@dentons.com +971 2 613 1516
Photo Name Position Profile
 Nathaniel  Armstrong  photo Nathaniel  Armstrong Nathaniel is a senior associate in the Firm’s Banking and Finance practice…
 Paul Jarvis photo Paul Jarvis Paul is a banking and finance partner and has been based in…
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At Dentons, we believe that inclusion and diversity are essential to the success and strength of our Firm and the quality of our advice to, and representation of, our clients. We are committed to providing a flexible environment where everyone respects, supports and learns from our collective skills, talents and differences. Click here for our global statement on inclusion and diversity.

Over the last 12 months only, we have advanced numerous inclusion and diversity initiatives for both our people and our clients:

  • Women’s Professional Advancement Strategy – Europe: Our policy sets out a comprehensive strategy to reach a target of 30% women in partnership and key leadership roles by 2025. This includes an agile working policy, mentoring and sponsorship for up and coming female talent, business development support, anti-bias training for partners and HR managers, participation of women in leadership development programs, involvement of a member of the women’s advancement committee in partner admission interviews, and various other steps.
  • 2020 the Year of the Ally: A year-long campaign to use allyship to produce positive, sustained change, including International Women’s Day, Global Pride Day, Global Virtual Town Halls and Global Allyship Trainings. Our Global CEO led a series of global listening sessions to share experiences and co-create responsive actions. The result was five enhanced Global Commitments to Inclusion and Diversity along with clear actions to support change. We also held town hall webinars around themes such as discrimination, racism, allyship, multiculturalism, LGBT+ inclusion in Amsterdam, Frankfurt and Warsaw.
  • External collaboration: We have strengthened our collaboration with key organizations promoting inclusion, such as Stonewall, Catalyst, Global Women Connect, International Women’s Forum. Dentons was named a Stonewall Top Global Employer 2020.
  • Pro bono: As part of our Positive Impact strategy, key focus of our pro bono work has been supporting human rights of diverse groups such as women/girls, LGBT+ and migrants and promoting access to justice. We work closely with organizations such as UN Women and Led by Her to promote equality, support reproductive rights and combat violence against women. Dentons lawyers have worked alongside civil society organizations and taken on important strategic litigation cases to promote LGBT+ rights and promote marriage equality. As part of the Greece Pro Bono Collaborative Project, we have provided direct legal support to asylum seekers on Lesbos.
  • Big Inclusion Project: The Big Inclusion Project was designed to accelerate the inclusion agenda at Dentons and leverage the power of our people to build solutions aligned with our business objectives. Over 225 people across 68 offices at all levels within the Firm, including 12 of our Global Board members, participated on 22 teams to come up with inclusion and diversity solutions at Dentons. The Big Inclusion Project continues as we work to put into action the solutions developed by our Big Inclusion Project teams.

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

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

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

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

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

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

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

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

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

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

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

About ICT

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

About Dentons

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


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

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

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

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

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

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


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

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

Dentons advises on ACS Group’s €500 million NEU-CP Program

Dentons, the world’s largest law firm, has advised Spanish-based multinational construction group, Actividades de Construcción y Servicios, S.A. (ACS), on the renewal of its €500 million Negotiable European Commercial Paper (NEU-CP) Program. The NEU-CP program is registered with the Central Bank of France, with the involvement of BNP Paribas, BRED Banque Populaire, Crédit Agricole Corporate and Investment Bank, ING Bank N.V. and Natixis, as dealers for the Notes. Headquartered in Madrid, the ACS Group is a worldwide leader in construction and services. It is currently the only non-financial issuer with a NEU-CP Program registered with the Central Bank of France. Dentons’ Capital Markets group in Madrid advised ACS on all aspects of the transaction. Partner Ignacio Corujo led and coordinated the transaction with the support of junior associate Ana Artola. Ignacio Corujo joined Dentons in January this year to establish and lead the Capital Markets group in Spain. In addition to this most recent deal for ACS, he has closed several high-value debt capital markets deals since his move, including most notably, Grupo Cajamar’s €1 billion issuance of mortgage bonds, as well as Sacyr’s renewal of its €500 million EMTN Program. About Dentons Dentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic. www.dentons.com  

Dentons advises UniCredit on a €450 million secured sustainability-linked financing for Gunvor Gro

Global law firm Dentons has advised UniCredit Bank AG as Mandated Lead Arranger, (Sustainability) Coordinator, Bookrunner, Facility Agent and Security Agent as well as the lenders on a €450 million secured sustainability-linked borrowing base facility agreement with Gunvor Group. Gunvor Group will use the funds to cover the working capital requirements of its Ingolstadt refinery. The innovative financing model is tied to the borrower's achievement of predetermined ESG key performance indicators (Sustainability KPIs) and provides for a sustainability discount or premium in case the company overachieves or underperforms the predefined targets. An independent sustainability auditor will report on the performance of the Sustainability KPIs on an annual basis. The ESG-based scoring of certain key performance indicators provides a unique way for borrowers and lenders to communicate their commitment to sustainability and incentivizes sustainable corporate measures. Participating banks included DZ Bank, KfW IPEX-Bank, Raiffeisen Bank International, Erste Group Bank, Commerzbank, Industrial and Commercial Bank of China, CA Indosuez (Switzerland), Bank of China and First Abu Dhabi Bank. Gunvor Group is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy from where it is sourced and stored to where it is demanded. With strategic investments in industrial infrastructure – refineries, pipelines, storage and terminals – Gunvor Group further generates sustainable value across the global supply chain for its customers. UniCredit is one of the pioneers in sustainable loans in the German market. Düsseldorf finance partner Dr. Axel Schlieter fully advised the bank on the drafting and negotiation of the loan agreement. The Dentons team further comprised Julia Heitmann (senior associate, Banking and Finance, Düsseldorf) and Eike Hinrich Pradt (associate, Banking and Finance, Frankfurt). Axel Schlieter is a core member of Dentons’ Sustainable Finance group in Europe and is regularly involved around the topics of issuance of green bonds and on sustainable financing. Advisors to UniCredit: Dentons (Düsseldorf): Dr. Axel Schlieter, (lead partner), Julia Heitmann (senior associate, both banking and finance, Düsseldorf), Eike Hinrich Pradt (associate, banking and finance, Frankfurt am Main) UniCredit inhouse lawyers: Carina Engelhardt, Alexander Strigin, Christian Hentrich About Dentons Dentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic. www.dentons.com

Dentons advises Qair on refinancing of the acquisition of Rzepin and Linowo wind farms in Poland

Dentons’ Banking and Finance practice team advised Qair SAS, Qair International and Qair Polska Sp.z o.o. in connection with the refinancing of two wind farms under operation, Rzepin (58 MW) and Linowo (48 MW). The financing institutions are BNP Paribas and EBRD. The two wind farms are part of Qair’s larger portfolio of almost 200 MW of renewable energy sources, which also includes 93 MW of new capacity from three wind farms – Udanin (50 MW), Parzeczew (9 MW) and Września (9 MW) – and 25 MW of solar photovoltaic. The project was supervised by Mateusz Toczyski, Head of the Europe and Co-Head of the Global Banking and Finance practice, and led by Tomasz Zwoliński, counsel, with assistance from lawyers Klaudia Szymańska-Rutkowska, Katarzyna Mazur, Katarzyna Kaptur and Jakub Walawski. Supporting the Warsaw team were counsel Surbhi Malhotra-Trenkel in Munich and partners Jean-Marc Allix and Olivier Genevois, and associates Djésia Meziani, Philippine de Fouchier and Hugo Casasnovas in Paris. Dentons’ London team consisting of partner Matthew Sapte and associate Annreika Ray advised on the hedging documentation. “We are very pleased and honored to have had this opportunity to assist Qair in yet another wind power project the company has undertaken in Poland,” said Mateusz Toczyski. “We would like to congratulate Qair on this financing and to wish every success with further developments and investments in Poland and elsewhere in the world,” added Tomasz Zwoliński. About Dentons Dentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic. www.dentons.com

Dentons advises Sev.en Energy on aacquisition of US-based Blackhawk Mining

Dentons has advised international energy group Sev.en Energy on its strategic acquisition of US-based metallurgical coal producer Blackhawk Mining, LLC. C. The transaction comes on the heels of Sev.en Energy’s acquisition of a 17% ownership interest in Corsa Coal in May 2020, further reinforcing its access to the metallurgical coal mining industry in the US market. Blackhawk Mining is one of the largest metallurgical coal producers in the US. With annual production capacity of seven to eight million tonnes of metallurgical coal among its five underground and open pit mining complexes in West Virginia and Kentucky, Blackhawk Mining is an important supplier of metallurgical coal both locally and internationally. It also owns three thermal coal mine complexes producing three to four million tonnes per annum. In 2019, Blackhawk Mining had $1bn revenues and $120m EBITDA.   Commenting on the acquisition, Dentons partner Petr Zákoucký, said: “Having worked for Sev.en Energy for many years, I am inspired by their sustained dynamism, and by this bold strategic move, even during these difficult market conditions. We were delighted to have opportunity to play our role in this success.”   Alan Svoboda, Executive Director of Sev.en Energy who leads the Group’s international expansion added: “Once again, the Dentons team exceeded our expectations and delivered the transaction within a tight time frame of less than a month, nailing both the complexity of the deal and challenges created by the current worldwide pandemic. What was really outstanding was the dedication and flexibility that the entire team showed.”   Dentons’ cross-border team was composed of partners Petr Zákoucký (Prague, Energy/M&A), Ilan Katz (New York, M&A), Lee Smith (New York, Finance), Christopher Van Bever (Lexington, Mining) and John Rhine (Evansville, Mining) Robert E. Richards (Chicago, Insolvency), Managing Associate Gregory DiBella (New York, M&A) and Associate Barbora Obračajová (Prague, Energy). Alvarez & Marsal advised Sev.en Energy on financial due diligence and Weir on technical due diligence.   About Sev.en Energy Sev.en Energy owns significant coal and energy production assets in the Czech Republic, the United Kingdom, Australia and the USA. It is the largest private operator of coalmines and conventional power plants in the Czech Republic, and employs more than 3,500 people. In 2019, Sev.en Energy acquired additional power generation assets from Swiss energy group Alpiq and a 50% stake in the multinational energy company – InterGen N.V., which is one of the leading independent power generators with gas-fired power plants in the UK and coal-fired power plants and coal mines in Australia. When pro-forma aggregated with the financial results of InterGen and Alpiq CZ, Sev.en Energy group combined revenues in 2019 were EUR 1,4 billion and EBITDA of EUR 319 million.   About Dentons Dentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic. www.dentons.com

Dentons supports German subsidiaries of the Recylex Group in restructuring

Global law firm Dentons is assisting Weser-Metall GmbH and Harz-Metall GmbH, both subsidiaries of the French-German Recylex Group, with their restructuring through ‘self-administration’ proceedings. In addition, Dentons restructuring lawyers Andreas Ziegenhagen and Dirk Schoene and their team are advising the German management of the Recylex Group within the scope of its self-administration. As a result of the COVID-19 pandemic and the dramatic decline in metal prices, the German subsidiaries of Recylex have each applied for protective shield proceedings under German insolvency law. The aim of the protective shield is to allow the companies to continue their individual restructuring measures and to return to economic stability after the pandemic - if necessary, in a new shareholder structure. Weser-Metall produces about 100,000 tons of lead per year at its headquarters in Nordenham (Lower Saxony), making it the third largest lead smelter and the second largest lead recycler in Europe. Harz-Metall has its headquarters in Oker in the Harz Mountains and is one of the leading European recycling companies for lead and zinc contaminated waste. The Recylex group has a total of eleven operating units and two administrative sites in France and Germany. In addition to the companies supported by Dentons, two other companies in the group, Norzinco GmbH and PPM Pure Metals GmbH, have also submitted applications for protective shield, whilethree other German subsidiaries requested self-administration under creditor protection. The Group's French companies are not affected. Andreas Ziegenhagen, Head of the Europe and German Restructuring practice, said: "With the filing for protective shield proceedings, we are making use of the most restructuring-friendly court proceedings in the interest of all stakeholders of the companies”. Advisor to Harz Metall / Weser Metall / German management of Recylex: Dentons (Berlin): Andreas Ziegenhagen (Partner, Restructuring, Berlin/Frankfurt), Dirk Schoene (Partner), Dr. Jan Seelinger (Counsel), Dr. Benjamin Kurzberg (Counsel), Judith Schmid (Senior Associate), Dr. Jakob Pickartz (Senior Associate), all Restructuring and Insolvency About Dentons Dentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic. www.dentons.com