Dentons > Muscat, Oman > Firm Profile
AL FANNAR BUILDING, 2ND AND PENTOUSE FLOORS
BUILDING NO569, WAY NO 3009, SHATTI AL QURUM, RUWI
112 RUWI, MUSCAT
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Dentons > The Legal 500 Rankings
Oman > Banking and finance Tier 1At Dentons, the first-rate practice stands out in the Omani market, particularly in relation to debt capital markets transactions and energy sector financings. It is led by Sadaf Buchanan, who has almost 20 years of restructuring and finance experience. Counsel and New Zealand-qualified barrister Justine Harding has extensive experience of acting for local and international banks, borrowers and issuers on domestic and cross-border transactions.
Other key lawyers:
‘Sadaf Buchanan is in a league of her own in Oman. She knows everyone, and knows how to deal with them efficiently and use that network. Sadaf leads the way in Oman establishing new financial market practices (as was the case in our deal).’
‘Undoubtedly the stand out banking team in Oman. They are the only all-female legal team I am aware of in the Middle East, which is a great testament to all things good in 2021.’
‘Diversity and inclusion notwithstanding, which relates to the Omani women they have in the team, they are simply the best banking legal team in the country. Hands down.’
‘Their ability, approachability, professionalism and that they actually do care and strive for the best. It is important to them.
‘Stand out person has to be Justine Harding. Diligent and hard working, she has the ability and intelligence to get the job done. She is the reason why I refer my clients to her because I know she won’t let them (and me) down.’
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)
Mohammed Al Barwani LLC
Oman Electricity Transmission Company
- Advised National Bank of Oman (NBO) on a further $300m perpetual tier 1 capital securities issuance.
- Advised Oman Electricity Transmission Company (OETC) on a further international bond issuance in connection with the subscription of the $600m 5.800% guaranteed notes due in 2031.
- Advised our client; Mohammed Al Barwani LLC in relation to amendments to terms and conditions of its Reg S Sukuk issuance of $51m certificates and OMR9.86 million certificates issued in June 2016.
‘They are well equipped with the required knowledge and experience to provide advice and assist clients with corporate matters.’
‘The individuals I have dealt with so far are pleasant and responsive. More importantly, they could provide proper advice for the company to comply with the law and regulations.’
Air Products PLC
Petroleum Development Oman (PDO)
Electricity Holding Company SAOC (Nama Group)
National Detergent Company SAOG
National Bank of Oman
OQ (Oman Oil and Orpic groups)
BAE Systems plc
Virgin Group Ltd.
Muscat City Desalination Company SAOG
Malakoff Corporation Berhad
- Advised Petroleum Development Oman LLC (PDO), the country’s largest upstream oil and gas operator, and the Ministry of Energy and Minerals on a complete restructuring of the Government of Oman’s interests in the critical Block 6 Concession and in PDO.
- Advised Electricity Holding Company SAOC (Nama Group) on consolidation of the water and wastewater sector, which has resulted in a multimillion-dollar valuation of the resulting entities following the restructuring.
- Advise Jabreen Capital on the acquisition of a significant minority stake in a closed joint stock company that runs and operates three well-known leading schools in Muscat.
Oman > Dispute resolution Tier 1Dentons has a long-established market presence in Oman dating back four decades. Its dispute resolution team is known for handling high-value construction disputes, ad hoc arbitrations and commercial litigation. Jointly led by Dali Al Habboub and Yaqdhan Al-Busaidi, the group is active in the insurance and oil and gas sectors, where it generates mandates from local, international and state-owned entities. Senior associate Wafa Al Shuaibi has expertise in commercial disputes and is recommended for his experience of ADR, including mediation and settlements.
Dali Al Habboub; Yaqdhan Al-Busaidi
Other key lawyers:
International Oil Pollution Compensation Fund
HSBC Bank Oman SAOG
SNF Oman LLC
Oman United Insurance Co SAOG
Ministry of Finance, Oman
Dyncorp International LLC
Motorola Solutions (Oman) LLC
Standard Chartered Bank
First Abu Dhabi Bank (PJSC)
- Representing the International Oil Pollution Compensation Fund in relation to losses arising from the sinking of the Nesa-R3, a tankercarrying 816 tonnes of bitumen off the Port of Sultan Qaboos in Oman in 2013. Immediate action was taken by the government of Oman to remove the pollutants from the damaged area.
- Representing First Abu Dhabi Bank (Oman branch) in a commercial claim against Carillion Alawi LLC for the recovery of OMR29.2 million (approx. $75m) plus interest in relation to a loan facility agreement.
Oman > Projects and energy Tier 1At Dentons, the projects and energy practice has a notable footprint in the oil and gas, petrochemicals, power, and infrastructure sectors. The team is active in large domestic and international project financings, project structuring and contentious energy matters, among other mandates. Practice head Andrew Figgins has extensive experience in the oil and gas sector and advises leading Omani companies on project structuring and acquisitions. He is supported by senior associate Yasser Taqi and Budoor Moosa. The group is also able to leverage its strength in construction and engineering to handle both front-end and back-end development projects.
‘Andrew Figgins is an institution. He is an ex-BP GC and the quality shines through. He is extremely practical and vastly experienced. He will not make a mountain out of a molehill and will deal with even quite challenging issues with efficiency and aplomb. Highly recommended. The best oil & gas lawyer in Oman.’
‘Good depth of experience and in the Oman market one of the firms with the longest presence in the region.’
‘Andrew Figgins – very pro-active and keeps you constantly informed. Highly experienced oil and gas lawyer – and it shows. His advice is always pragmatic and commercial and he is always thinking about how to make their services more cost-effective for the client.‘
‘Strongest law firm of Oman, by far. Combines broad practice with in-depth knowledge. The team there – in particular Andrew Figgins – combines in-house GC experience with deep knowledge and the right relations.’
‘For energy-related items, we use Andrew Figgins. He combines in-house GC experience with deep SME experience. That is a rare combination at the level that Andy displays it, and exceptionally useful for GC’s like myself.’
Petroleum Development Oman (PDO)
BP Exploration (Epsilon) Ltd (BP)
Ministry of Housing and Urban Planning
Freepoint Commodities Singapore Pte Ltd
Maysan Properties SAOC
- Advised Petroleum Development Oman (PDO) and the Ministry of Energy and Minerals on a complete restructuring of the Government of Oman’s interests in the critical Block 6 Concession and in PDO.
- Advised BP the sale of its 20% interest in Block 61 in Oman, the largest tight gas development in the Middle East, to PTTEP the national oil company of Thailand for $2.6bn
- Advising the Government, acting through the Ministry of Housing and Urban Planning (previously the Supreme Council of Planning) on drafting and negotiating a development agreement for the country’s first ever affordable housing development.
Andrew Figgins; Jamie Gibson
‘They provide good pragmatic commercial advice.’
‘Very well organised and the handling of the project progress was impressive.’
‘Yasser Taqi – excellent communication skills in both Arabic and English and written and oral. Great decision-maker. His ability to wear the hat of the different stakeholders and aim to fulfill their needs through this PPP agreement was very commendable.’
‘Dentons is fairly experienced in the field and has a dedicated team for real estate and construction matters.’
‘Yasser is extremely skilled in construction arbitration matters.’
‘Use of different levels of expertise in the firm to meet the client’s needs while maintaining a value-based approach to fees.’
‘Knowledge and experience in their respective fields. Team has talent and experience.’
Oman Investment Fund (OIF)
Fisheries Development Oman SAOC
Marasi Duqm LLC
Yiti Tourism Development Company SAOC
Maysan Properties SAOC
Ministry of Housing & Urban Planning
- Advising the Ministry of Housing & Urban Planning (previously The Supreme Council for Planning) on drafting and negotiating a development agreement for the country’s first-ever affordable housing development.
- Advising Marasi Duqm LLC master developer on all matters relating to the development of Maysan Square – Oman’s first-ever scheme to sell residential and commercial units on a usufruct basis.
- Advising Muscat National Development and Investment Company SAOC (ASAAS) on the acquisition of a plot of land measuring 1.5 million square metres that is being developed into a theme park that will involve private investors.
Oman > Shipping Tier 1Dentons’ shipping practice advises various maritime clients on cargo shipping issues, including claims, damages, and oil spills. The team, which is led by Andrew Figgins in Muscat, handles both traditional shipping work and project-related matters. On the contentious side, Dali Al Habboub handles environmental litigation work across Oman and the region and is noted for mediation work. The team also advises clients across the oil and gas, LNG and minerals commodities sectors.
Other key lawyers:
‘Mohammed Al Subhi was always most gracious, thorough and prompt in responding to enquiries large and small.’
International Oil Pollution Compensation Fund
- Advising on upstream concessions, construction andoperation of a LNG plant, marketing and sales of LNG as bunkers, project financing and overall Omani and international regulatory compliance.
- Advising IOPF in relation to an OMR7.7 million arising out of the sinking of the Nesa-R3 a tanker carrying 816 tonnes of bitumen off the Port of Sultan Qaboos in Oman in 2013.
Dentons > Firm Profile
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.
|Office Managing Partner||Andrew Figginsemail@example.com||+968 2457 3044|
|Dali Al Habboub||Dali has more than twenty years of experience in dispute resolution and…||View Profile|
|Yaqdhan Al-Busaidi||Yaqdhan is a partner in Yaqdhan Al Busaidi Law Firm, a leading…||View Profile|
|Sadaf Buchanan||Sadaf heads up the tier 1 ranked Banking and Finance team in…||View Profile|
|Andrew Figgins||Andrew is the Managing Partner of Dentons’ Muscat office, and also heads…||View Profile|
|Jamie Gibson||Jamie is head of the tier 1 ranked Corporate team in Muscat…||View Profile|
|Justine Harding||Justine has over 10 years experience in banking and finance and has…||View Profile|
|Darshi Sanganee||Darshi is an Indian lawyer and a qualified Company Secretary and is…||View Profile|
|Yasser Taqi||Yasser is an English qualified lawyer working with the Energy, Transport and…||View Profile|
|Simon Topping||Simon specializes in telecoms, IT, privacy/cybersecurity, e-commerce, technology and intellectual property law.…||View Profile|
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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.
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17th June 2022 Dentons has launched its previously announced combination with leading Vietnamese law firm, LuatViet, which has more than 40 legal professionals serving clients from offices in Ho Chi Minh City and Hanoi.
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How Singapore’s Big Five law firm Dentons Rodyk is embracing the future of work and ditching its traditional office for good14th April 2022 Visions for the future of work have never been bolder. The COVID-19 pandemic changed notions on how many felt a work environment should be. The world was rushed into accelerating technology adoption, increasing digital connectivity and embracing virtual collaboration. As we usher in a new and dynamic decade, Dentons Rodyk envisions the future of work by ditching its traditional office for good and introducing a permanent hybrid work model.
18th August 2020
Global law firm Dentons is pleased to announce that the Paris Court of Appeal, the Higher Regional Court of Karlsruhe and the Barcelona Provincial Court have all issued final decisions dismissing Essity’s claims of patent infringement in regards to Industrie Cartarie Tronchetti’s (ICT) three ply toilet paper. With Dentons’ counsel, ICT successfully demonstrated beyond a doubt that its branded and private label products are produced based on its own proprietary process, and patented under European patent 2 353 859.
Dentons has been advising Industrie Cartarie Tronchetti S.p.A since 2016. Based in Lucca, ICT is a leader in the category of high quality tissue paper products for domestic use, and has subsidiaries in Italy, Spain, Germany, France and Poland.
The Paris decision, which is the most recent, ends a long-running patent infringement litigation with Essity and affirms ICT can continue to produce and distribute absorbent paper based on its own proprietary technology. The three courts in France, Germany, and Spain have confirmed ICT’s argument that it is using its own novel technology, also patented. Essity’s claims of infringement were based on a patent originally filed by Georgia Pacific, and subsequently becoming Essity’s.
Dentons partner David Masson served as lead partner and represented ICT in France. Dentons partner Dr. Constantin Rehaag represented ICT in Germany, and PwC partner Alejandra Matas Brancós represented the client in Spain, with the support of Dentons partner Juan Ignacio Alonso.
David Masson, lead lawyer on the case, commented: “It has been very interesting to understand ICT’s own technology and work closely with different teams, including ICT’s R&D department, which has been part of all strategic and technical decisions throughout the case”.
Constantin Rehaag, who represented the client in the German court hearings and coordinated the work with the client’s patent attorneys, said: “This is an outstanding success of a great team formed by the client, who provided us with invaluable technological insight, the team of patent attorneys and, finally, by the Dentons teams in France, Spain and Germany.”
The patent litigation began in 2016 when Essity sued ICT in France, Germany and Spain for the alleged infringement of its patent related to the technical solution for the bonding of three layers of tissue for paper products such as high quality, soft and bulky, toilet paper.
In France, Essity claimed that ICT had breached the French part of its European patent 1 081 284 and that the toilet paper marketed as Foxy Soie Plus, and also certain other private labels produced by ICT France, had infringed on their patent. Essity demanded that all production operations be halted. The rolls of toilet paper were carefully analyzed and there were no findings of infringement. The two French courts - in first instance and appeal - rejected the claims and ordered Essity to pay compensation for the legal fees to ICT Italy and ICT France.
In Germany, the case was first taken to the Mannheim District Court, which is well reputed in patent matters. The lawsuit mainly focused on the complex questions regarding the construing of the claims of Essity’s patent. The court ruled in favour of ICT, and Essity filed an appeal. In August 2019, the Higher Regional Court of Karlsruhe also ruled that the German subsidiary of ICT did not infringe the German part of the patent 1 081 284.
In Spain, after a first decision in favor of Essity in the lower court, the Barcelona Provincial Court clearly stated in a written appeal that ICT’s products - and in particular, Foxy Seda, Foxy Bouquet, certain three-ply private label products - did not infringe the Spanish part of the patent 1 081 284.About ICT
Industrie Cartarie Tronchetti (ICT) was founded in 1976 in Italy, in the Lucca province, to operate in the tissue sector, producing high quality paper exclusively from virgin fibre. The first production facility was opened in 1978 in Piano della Rocca, Lucca, and over the years new plants and facilities have been set up in Piano della Rocca, Diecimo and Piano di Coreglia. The Foxy brand, one of the leading brands in the European market, was launched in 1982. ICT is an example of excellence in the paper industry, in full harmony with the tradition of the Lucca region, where the most important Italian papermaking hub is located, on a par with those of Green Bay (USA) and Fuji (Japan). In Lucca in particular, great expertise has been nurtured in the field of paper for household use, and the city is in fact known as the world tissue capital. Today, ICT SpA boasts an annual production capacity of about 160,000 tonnes.About Dentons
Dentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic.
3rd August 2020 Global law firm Dentons advised Italian-based multinational energy infrastructure operator Snam in relation to its agreement, in consortium with several international investment funds, to purchase a 49 percent share of ADNOC Gas Pipelines from The Abu Dhabi National Oil Company (ADNOC). ADNOC Gas Pipelines is valued at approximately US$20.7 billion (US$10.1 billion for 49%).
The transaction is one of the most important in the global energy infrastructure sector, as well as Snam’s first acquisition outside Europe. ADNOC Gas Pipelines holds the tariff-based rights for the 38 pipelines that connect ADNOC’s upstream activities to Abu Dhabi’s consumption points and the export and interconnection terminals to neighboring Emirates.
The transaction was financed by a pool of international banks for approximately $8 billion, plus an equity contribution from each of the consortium members. In addition to Snam, the other consortium members included Global Infrastructure Partners, Brookfield Asset Management, GIC, Ontario Teachers’ Pension Plan, and NH Investment & Securities.
Dentons acted with a cross-border team from Italy and UAE, coordinated by partner Sara Biglieri in Milan. Partners Luca Pocobelli (Rome) and Mhairi Main Garcia (Dubai), counsel Claudio Segna (Milan), senior associate Craig Hughson (Abu Dhabi) and associate Stephanie Hawes (Dubai) advised on corporate and M&A aspects. Partners Alessandro Fosco Fagotto (Milan) and Stephen Knight (Abu Dhabi), counsel Franco Gialloreti, senior associate Tommaso Zanirato and junior associate Giulia Caselli Maldonado (all Milan) advised on financing aspects. Partner Michele Carpagnano (Rome) and associate Giulia Giordano (Rome) advised on the competition and antitrust aspects.
Snam’s internal legal team was led by General Counsel, Marco Reggiani - assisted by Michela Schizzi, Senior Vice President Regulated Assets Legal Affairs - and included senior legal counsels Rosanna Pallotta and Claudia Jolanda Fanelli. The legal aspects related to the financing were handled, together with Marco Reggiani, by Gloria Bertini, Head of Finance and Capital Market Legal Affairs and Roberta Di Mauro, legal counsel.
3rd August 2020 The EU Malaria Fund was initiated by the kENUP Foundation, a not-for-profit organization promoting research-based innovation with public and societal benefit. The fund is managed by the IBB Group. The target volume of the fund amounts to €280 million, with a first closing of €70 million on June 3, 2020.A Dentons team from Berlin, Frankfurt, Dusseldorf and Munich provided comprehensive advice to IBB Group on the establishment of the EU Malaria Fund. This included the development of the legal and tax conception of the fund, regulatory advice, corporate law support on the setup of the fund, and the negotiation of the financing agreements with the EIB, the Bill & Melinda Gates Foundation and other investors.Berlin-based partner Dirk-Reiner Voss and Frankfurt-based partner Arne Klüwer jointly led the Dentons team, with support from partners Stephan Busch, Matthias Santelmann and senior associates Holger Hölkemeier and Bernd Düsterbeck in Berlin; counsel Verena Etzel and Oda Elmoutaouakil in Frankfurt; partner Axel Schlieter in Dusseldorf, and partner Richard Fagerer in Munich.About DentonsDentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic. www.dentons.com
3rd August 2020 Dentons, the world’s largest law firm, has advised Spanish-based multinational construction group, Actividades de Construcción y Servicios, S.A. (ACS), on the renewal of its €500 million Negotiable European Commercial Paper (NEU-CP) Program. The NEU-CP program is registered with the Central Bank of France, with the involvement of BNP Paribas, BRED Banque Populaire, Crédit Agricole Corporate and Investment Bank, ING Bank N.V. and Natixis, as dealers for the Notes.Headquartered in Madrid, the ACS Group is a worldwide leader in construction and services. It is currently the only non-financial issuer with a NEU-CP Program registered with the Central Bank of France.Dentons’ Capital Markets group in Madrid advised ACS on all aspects of the transaction. Partner Ignacio Corujo led and coordinated the transaction with the support of junior associate Ana Artola.Ignacio Corujo joined Dentons in January this year to establish and lead the Capital Markets group in Spain. In addition to this most recent deal for ACS, he has closed several high-value debt capital markets deals since his move, including most notably, Grupo Cajamar’s €1 billion issuance of mortgage bonds, as well as Sacyr’s renewal of its €500 million EMTN Program.About DentonsDentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic. www.dentons.com
3rd August 2020 Global law firm Dentons has advised UniCredit Bank AG as Mandated Lead Arranger, (Sustainability) Coordinator, Bookrunner, Facility Agent and Security Agent as well as the lenders on a €450 million secured sustainability-linked borrowing base facility agreement with Gunvor Group. Gunvor Group will use the funds to cover the working capital requirements of its Ingolstadt refinery.The innovative financing model is tied to the borrower's achievement of predetermined ESG key performance indicators (Sustainability KPIs) and provides for a sustainability discount or premium in case the company overachieves or underperforms the predefined targets. An independent sustainability auditor will report on the performance of the Sustainability KPIs on an annual basis. The ESG-based scoring of certain key performance indicators provides a unique way for borrowers and lenders to communicate their commitment to sustainability and incentivizes sustainable corporate measures.Participating banks included DZ Bank, KfW IPEX-Bank, Raiffeisen Bank International, Erste Group Bank, Commerzbank, Industrial and Commercial Bank of China, CA Indosuez (Switzerland), Bank of China and First Abu Dhabi Bank.Gunvor Group is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy from where it is sourced and stored to where it is demanded. With strategic investments in industrial infrastructure – refineries, pipelines, storage and terminals – Gunvor Group further generates sustainable value across the global supply chain for its customers. UniCredit is one of the pioneers in sustainable loans in the German market.Düsseldorf finance partner Dr. Axel Schlieter fully advised the bank on the drafting and negotiation of the loan agreement. The Dentons team further comprised Julia Heitmann (senior associate, Banking and Finance, Düsseldorf) and Eike Hinrich Pradt (associate, Banking and Finance, Frankfurt). Axel Schlieter is a core member of Dentons’ Sustainable Finance group in Europe and is regularly involved around the topics of issuance of green bonds and on sustainable financing.Advisors to UniCredit: Dentons (Düsseldorf): Dr. Axel Schlieter, (lead partner), Julia Heitmann (senior associate, both banking and finance, Düsseldorf), Eike Hinrich Pradt (associate, banking and finance, Frankfurt am Main)UniCredit inhouse lawyers: Carina Engelhardt, Alexander Strigin, Christian HentrichAbout DentonsDentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic. www.dentons.com
3rd August 2020 Dentons’ Banking and Finance practice team advised Qair SAS, Qair International and Qair Polska Sp.z o.o. in connection with the refinancing of two wind farms under operation, Rzepin (58 MW) and Linowo (48 MW). The financing institutions are BNP Paribas and EBRD.The two wind farms are part of Qair’s larger portfolio of almost 200 MW of renewable energy sources, which also includes 93 MW of new capacity from three wind farms – Udanin (50 MW), Parzeczew (9 MW) and Września (9 MW) – and 25 MW of solar photovoltaic.The project was supervised by Mateusz Toczyski, Head of the Europe and Co-Head of the Global Banking and Finance practice, and led by Tomasz Zwoliński, counsel, with assistance from lawyers Klaudia Szymańska-Rutkowska, Katarzyna Mazur, Katarzyna Kaptur and Jakub Walawski. Supporting the Warsaw team were counsel Surbhi Malhotra-Trenkel in Munich and partners Jean-Marc Allix and Olivier Genevois, and associates Djésia Meziani, Philippine de Fouchier and Hugo Casasnovas in Paris. Dentons’ London team consisting of partner Matthew Sapte and associate Annreika Ray advised on the hedging documentation.“We are very pleased and honored to have had this opportunity to assist Qair in yet another wind power project the company has undertaken in Poland,” said Mateusz Toczyski.“We would like to congratulate Qair on this financing and to wish every success with further developments and investments in Poland and elsewhere in the world,” added Tomasz Zwoliński.About DentonsDentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic. www.dentons.com
3rd August 2020 Dentons has advised international energy group Sev.en Energy on its strategic acquisition of US-based metallurgical coal producer Blackhawk Mining, LLC. C. The transaction comes on the heels of Sev.en Energy’s acquisition of a 17% ownership interest in Corsa Coal in May 2020, further reinforcing its access to the metallurgical coal mining industry in the US market.Blackhawk Mining is one of the largest metallurgical coal producers in the US. With annual production capacity of seven to eight million tonnes of metallurgical coal among its five underground and open pit mining complexes in West Virginia and Kentucky, Blackhawk Mining is an important supplier of metallurgical coal both locally and internationally. It also owns three thermal coal mine complexes producing three to four million tonnes per annum. In 2019, Blackhawk Mining had $1bn revenues and $120m EBITDA. Commenting on the acquisition, Dentons partner Petr Zákoucký, said: “Having worked for Sev.en Energy for many years, I am inspired by their sustained dynamism, and by this bold strategic move, even during these difficult market conditions. We were delighted to have opportunity to play our role in this success.” Alan Svoboda, Executive Director of Sev.en Energy who leads the Group’s international expansion added: “Once again, the Dentons team exceeded our expectations and delivered the transaction within a tight time frame of less than a month, nailing both the complexity of the deal and challenges created by the current worldwide pandemic. What was really outstanding was the dedication and flexibility that the entire team showed.” Dentons’ cross-border team was composed of partners Petr Zákoucký (Prague, Energy/M&A), Ilan Katz (New York, M&A), Lee Smith (New York, Finance), Christopher Van Bever (Lexington, Mining) and John Rhine (Evansville, Mining) Robert E. Richards (Chicago, Insolvency), Managing Associate Gregory DiBella (New York, M&A) and Associate Barbora Obračajová (Prague, Energy). Alvarez & Marsal advised Sev.en Energy on financial due diligence and Weir on technical due diligence. About Sev.en EnergySev.en Energy owns significant coal and energy production assets in the Czech Republic, the United Kingdom, Australia and the USA. It is the largest private operator of coalmines and conventional power plants in the Czech Republic, and employs more than 3,500 people. In 2019, Sev.en Energy acquired additional power generation assets from Swiss energy group Alpiq and a 50% stake in the multinational energy company – InterGen N.V., which is one of the leading independent power generators with gas-fired power plants in the UK and coal-fired power plants and coal mines in Australia. When pro-forma aggregated with the financial results of InterGen and Alpiq CZ, Sev.en Energy group combined revenues in 2019 were EUR 1,4 billion and EBITDA of EUR 319 million. About DentonsDentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic. www.dentons.com
3rd August 2020 Global law firm Dentons is assisting Weser-Metall GmbH and Harz-Metall GmbH, both subsidiaries of the French-German Recylex Group, with their restructuring through ‘self-administration’ proceedings. In addition, Dentons restructuring lawyers Andreas Ziegenhagen and Dirk Schoene and their team are advising the German management of the Recylex Group within the scope of its self-administration.As a result of the COVID-19 pandemic and the dramatic decline in metal prices, the German subsidiaries of Recylex have each applied for protective shield proceedings under German insolvency law. The aim of the protective shield is to allow the companies to continue their individual restructuring measures and to return to economic stability after the pandemic - if necessary, in a new shareholder structure.Weser-Metall produces about 100,000 tons of lead per year at its headquarters in Nordenham (Lower Saxony), making it the third largest lead smelter and the second largest lead recycler in Europe. Harz-Metall has its headquarters in Oker in the Harz Mountains and is one of the leading European recycling companies for lead and zinc contaminated waste.The Recylex group has a total of eleven operating units and two administrative sites in France and Germany. In addition to the companies supported by Dentons, two other companies in the group, Norzinco GmbH and PPM Pure Metals GmbH, have also submitted applications for protective shield, whilethree other German subsidiaries requested self-administration under creditor protection. The Group's French companies are not affected.Andreas Ziegenhagen, Head of the Europe and German Restructuring practice, said: "With the filing for protective shield proceedings, we are making use of the most restructuring-friendly court proceedings in the interest of all stakeholders of the companies”.Advisor to Harz Metall / Weser Metall / German management of Recylex:Dentons (Berlin): Andreas Ziegenhagen (Partner, Restructuring, Berlin/Frankfurt), Dirk Schoene (Partner), Dr. Jan Seelinger (Counsel), Dr. Benjamin Kurzberg (Counsel), Judith Schmid (Senior Associate), Dr. Jakob Pickartz (Senior Associate), all Restructuring and InsolvencyAbout DentonsDentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic. www.dentons.com
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