Firm Profile > Dentons > Muscat, Oman

Dentons
AL FANNAR BUILDING, 2ND AND PENTOUSE FLOORS
BUILDING NO569, WAY NO 3009, SHATTI AL QURUM, RUWI
112 RUWI, MUSCAT
Oman

Banking and finance Tier 1

Dentons' practice spans a wide ambit of matters, including capital markets transactions, project finance and acquisition finance transactions, and advisory work on regulatory changes. The team also advises on transactions compliant with shari'ah banking principles. The practice is led by Sadaf Buchanan, who has almost 20 years of experience in this sector. Counsel Justine Harding is another key contact, and has more than ten years of experience working in Oman, in addition to undertaking in-house roles at financial institutions in the UK and New Zealand.

Practice head(s):

Sadaf Buchanan

Other key lawyers:

Justine Harding

Testimonials

‘Very responsive, prompt and knowledgeable service. Head and shoulders above its peer firms in the region.’

‘Sadaf Buchanan and her team including Justine Harding are stand-out individuals. I value their local knowledge and high standards of client care.’

‘Dentons demonstrated extensive knowledge in banking and finance sector.’

‘Sadaf Buchanan is very responsive and co-operative. What distinguished her is that she has a pro-active approach in providing legal advice. This enlightens clients about different issues that may not have been thought of before.’

‘They have a good understanding of our business and strategy; display patience and ask the right questions to co-create and develop meaningful legal and holistic solutions; are able to successfully pull in experts from other part of the firm to provide perspective and options (i.e., Islamic Financing, Securitization options); are well connected in market developments and are always happy to share where relevant; and are overall humble, supportive and truly feel like part of our extended team. ‘

‘Sadaf Buchanan really stands out for the PDO team. She is naturally collaborative and brings in good perspective and alternatives to enable us to come up with win-win solutons. She also has my trust that, as a client, our interests will always been managed first. She has a great network, not just at Dentons but with the financial institutions as well and has really helped us connect with the right people in Oman and the Region to support our financing initiatives.’

Key clients

Bank Dhofar SAOG

Citigroup Global Markets Limited

Standard Chartered Bank (SCB)

National Bank of Oman SAOG (NBO)

OQ Gas Networks SAOC (formerly Oman Gas Company SAOC) (OGC)

International Company for Water And Power Projects (ACWA Power)

International Swaps and Derivatives Association (ISDA)

Commercial, corporate and M&A Tier 1

Dentons' corporate and commercial practice advises on high-value M&A transactions and joint ventures, as well as commercial agreements in the telecommunications, real estate and tourism sectors. The practice is led by Jamie Gibson, who joined the firm in November 2019 from Trowers & Hamlins LLP. Former practice head Nick Simpson has relocated to the firm's Saudi Arabia office, but remains active in the Omani market. Senior legal consultant Simon Topping specialises in the technology and telecommunications sectors. Senior associate Darshi Sanganee is another name to note.

Practice head(s):

Jamie Gibson

Other key lawyers:

Simon Topping; Darshi Sanganee

Testimonials

‘A team of very experienced lawyers. They always manage to offer us a lawyer with the right set of expertise. They listen to the concerns of the business and provide practical advice. They are professional yet very approachable.’

‘Darshi Sanganee provided remarkable service, and I felt at times that she is part of my in-house team. Darshi was very responsive and got very involved on all our matters. Dali Al Habboub is a remarkable lawyer, while unconventional in many ways, I would definitely say that he is one of the best dispute resolution lawyers I have worked with.’

Key clients

Supreme Council for Planning

National Bank of Oman

Bank Dhofar SAOG

OQ (Oman Oil and Orpic groups)

Nama Holding Company

bank muscat

Citigroup

BAE Systems plc

Bechtel Corporation

Motorola Inc.

Vale S.A.

Virgin Group Ltd.

Air Products PLC

Dispute resolution Tier 1

Dentons advises clients on disputes involving employment, construction and debt enforcement issues. In addition, it also handles more specialist litigation, such as environmental damage and personal injury claims. The practice is led by Dali Al Habboub and associated partner Yaqdhan Al-Busaidi. The team represents clients in arbitration and Omani court proceedings.

Practice head(s):

Dali Al Habboub; Yaqdhan Al-Busaidi

Testimonials

‘Over the last 6 years, we have always found the Dentons team to be professionals.’

‘We have been happy with the team, particularly with regard to the quality of opinions provided and statements prepared.’

Key clients

International Oil Pollution Compensation Fund

HSBC Bank Oman SAOG

SNF Oman LLC

Al Sulaimi Group

Ministry of Finance, Oman

Hilton International

Dyncorp International LLC

Motorola Solutions (Oman) LLC

Standard Chartered Bank

Projects and energy Tier 1

Dentons' experienced projects and energy team has a proven track record of handling corporate and commercial matters in this area. The team's energy work includes advising state bodies and private corporations on matters such as project development, exploration and operation contracts, as well as procurement. Elsewhere, the team advises on projects in the healthcare, utilities and real estate sectors. Andrew Figgins leads the team, which also includes senior associate Yasser Taqi ('a star on the rise'). Figgins is noted for his 'wealth of experience in the oil and gas sector'.

Practice head(s):

Andrew Figgins

Other key lawyers:

Yasser Taqi

Testimonials

‘Andrew Figgins leads an experienced team of energy sector lawyers at Dentons Muscat. Andrew is an excellent communicator and is very receptive to in-house client needs having worked in-house earlier in his career. We interact seamlessly on a number of of key projects in Oman and he coordinates between our various business interests and other partners within the Dentons global partnership as and when required. Knowledge of the sector and the players in the market, is key to the Dentons delivery of sound and pragmatic advice for an international company operating across many jurisdictions. I would have no hesitation in recommending this team for Energy and Projects in Oman. ’

‘The Dentons Projects and Energy practice is unique because it genuinely ticks all the boxes. It has deep Omani experience, excellent and knowledgeable practitioners, a commercial focus on what the client’s needs are and world- class experts at hand in Dentons’ global network.’

‘Andrew Figgins is an excellent and knowledgeable oil & gas practitioner. However, what makes Andy really stand out is his practicality and user-friendliness. Yasser Taqi is a star on the rise. Bright, hard-working and with a commitment for excellence.’

‘Dentons has a strong presence and significant experience in regional projects. They have a particularly strong team for dispute resolution and advising on contractor claims.’

‘Dentons Muscat’s Oil and Gas team is very ably led by Andrew Figgins who has a wealth of experience in the oil and gas sector. The team is very capable, professional and very responsive to our needs. In terms of fees they are always trying to provide cost effective services by adjusting level of fee earners involved on matters, discounts and other proactive methods of trying to reduce our legal spend. In relation to the advice it is practical, sensible and reflects a good commercial understanding of our business and its commercial drivers.’

‘The team is diversified, from local lawyers with international experience to international lawyers with strong capabilities and experience. Whenever we required Dentons support, the local office has always been able to connect us to international lawyers from other offices. Generally, the team in Oman has strong experience in the utilities sector and has always provided the services in a timely and professional manner.’

‘A true blend of all the benefits of a global firm with a local practice. Very well connected in the local markets, where flexibility is key and you may need to show up at the doorsteps of a Minister in hours. Well ahead of local competitors in practice organization, tools, and knowledge of international markets. The experience of the senior lawyers is a combination of in-house as well as law firm expertise, which really benefits the conversation. They have been where you are. ‘

‘The lead partner on our transaction in Dentons Oman was Andy Figgins. Andy was outstanding to work with – very knowledgeable of the industry due to his deep corporate in-house experience and very tied into the local legal network and Government advisors. His role was key in being able to successfully close our transaction. Andy was always available and responsive, which was essential given time differences to our head office and the necessity due to COVID to conduct the entire negotiations remotely. We would recommend Andy to any oil & gas companies operating in or assessing opportunities in Oman.’

Key clients

ACWA Power Global Services LLC

Oman Society for Petroleum Services (OPAL)

Supreme Council for Planning of Oman

Oman Environmental Services Company SAOC (Be’ah)

Maysan Properties SAOC

Total

Lines & Visions Consultants

Oman Power & Water Procurement Company

Oman Ministry of Oil and Gas

Real estate and construction Tier 1

Dentons' real estate and construction team is experienced in handling development projects, acquisitions and disposals of real estate assets, and debt and equity finance transactions. The team's client base includes state bodies, as well as Omani and international companies. The team is spread across Dubai and Oman. Although former practice head Nick Simpson moved to Dentons' Saudi Arabia practice, he continues to work on Omani matters. Andrew Figgins and Jamie Gibson jointly lead the team in Muscat. Gibson joined the practice in December 2019 from Trowers & Hamlins LLP.

Practice head(s):

Andrew Figgins; Jamie Gibson

Other key lawyers:

Nick Simpson

Testimonials

‘They have a strong Middle East presence and a prolific resume of real estate assignments that they have been involved in.’

‘Nick Simpson is recognised for the relevance of his interventions and added value. ‘

‘Strong knowledge in real estate legal framework in Oman, with quite a lot of experience in drafting legal agreements for some real estate projects.’

‘Very good communication, and the firm always delivers practical solutions for some of the issues raised by different stakeholders. ‘

‘Strong depth of knowledge, commercially aware, and good understanding of our business’ commercial drivers.’

Key clients

Oman Investment Fund (OIF) (Now known as Oman Investment Authority)

Marasi Duqm LLC

Yiti Tourism Development Company SAOC

Maysan Properties SAOC

Eagle Hills

Supreme Council for Planning of Oman

Damac

Shipping Tier 1

Under the leadership of Andrew Figgins, Dentons' broad shipping practice handles a varied range of work. On the contentious side, areas of activity include matters concerning ship arrests, collisions, casualties and pollution claims. Non-contentious work covers the development of shipping-related projects and regulatory advice. Figgins' team includes Dali Al Habboub, who leads on much of the team's dispute resolution work.

Practice head(s):

Andrew Figgins

Other key lawyers:

Dali Al Habboub

Testimonials

‘Dentons showed a great willingness to engage peer-to-peer, showing incisiveness and flexibility. ’

‘They are both very personable and formal, as necessary. Willing to travel cross-country, in a time of the pandemic, to obtain the reports being sought, offering translator services only if necessary.’

Key clients

International Oil Pollution Compensation Fund

Oman Sail

Shipowner’s Club

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.

Established in 1981, Dentons was one of the earliest international firms to open its doors in Oman and has steadily grown to become the largest international law firm operating in the Sultanate. We are truly in and of the community, with long-standing relationships with local business communities, governments and regulatory authorities.

We provide local and international clients with a full range of Oman and English law advice, combining local knowledge with our formidable global presence and multi-jurisdictional capabilities. Our clients include Oman government entities (both ministries and commercial companies), many of Oman’s best-known public and private companies and international companies.

Department Name Email Telephone
Office Managing Partner Andrew Figgins andrew.figgins@dentons.com +968 2457 3044
Photo Name Position Profile
 Dali Al Habboub photo Dali Al Habboub Dali has more than twenty years of experience in dispute resolution and…
 Yaqdhan Al-Busaidi  photo Yaqdhan Al-Busaidi Yaqdhan is a partner in Yaqdhan Al Busaidi Law Firm, a leading…
 Sadaf Buchanan photo Sadaf Buchanan Sadaf heads up the tier 1 ranked Banking and Finance team in…
 Andrew Figgins photo Andrew Figgins Andrew is the Managing Partner of Dentons’ Muscat office, and also heads…
 Jamie Gibson photo Jamie Gibson Jamie is head of the tier 1 ranked Corporate team in Muscat…
 Justine Harding photo Justine Harding Justine has over 10 years experience in banking and finance and has…
 Darshi  Sanganee  photo Darshi  Sanganee Darshi is an Indian lawyer and a qualified Company Secretary and is…
 Yasser Taqi photo Yasser Taqi Yasser is an English qualified lawyer working with the Energy, Transport and…
 Simon  Topping  photo Simon  Topping Simon specializes in telecoms, IT, privacy/cybersecurity, e-commerce, technology and intellectual property law.…
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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