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& Case represented Banca IMI S.P.A., BNP Paribas Fortis SA/NV, Československá obchodní banka, a.s., ING Bank N.V., Komerční banka, a.s., SOCIÉTÉ GÉNÉRALE S.A. and UniCredit Bank Czech Republic and Slovakia, a.s. in their role as financing coordinators for Česká telekomunikační infrastruktura, a.s., the operator of the largest data and communication network in the Czech Republic. This transaction was the largest financing operation in 2015 in the Czech Republic. It was also the most important among those transactions in the Czech Republic whose structure involved a whitewash procedure, so as to resolve the restrictions arising from the ban on financial assistance. White & Case is representing TAMEH, an energy group that is a joint venture of ArcelorMittal and Tauron, in up to CZK 2.39 billion and PLN 507 million senior term and revolving facilities provided to the TAMEH group by a syndicate of global lenders arranged by Raiffeisen Bank International AG, Raiffeisen Bank Polska S.A. and Raiffeisenbank a.s. The senior facilities were preceded by a CZK 1.2 billion bridge facility provided to the Czech subsidiary of the TAMEH Group by Raiffeisenbank a.s. The first export credit to Laos to be insured by the Czech EGAP export insurance agency and one of the largest ECA covered deals in the Czech Republic in 2015. We represented UniCredit Bank Austria AG and UniCredit Bank Czech Republic and Slovakia, a.s. in the negotiation of the export credit facility agreements of EUR 44,948,000 and EUR 51,000,000 which were provided to the Government of Laos for the purpose of the turnkey reconstruction and expansion of the Friendship Hospital in Vientiane by VAMED Engineering GmbH and VAMED Health Projects CZ s.r.o. The export credit was insured by a combination of export insurance products provided by the Czech (EGAP) and Austrian (OeKB) export insurance agencies. This transaction was named “State Supported Transaction of the Year 2015” by the Czech export insurance agency (EGAP). Restructuring of a major Czech auto-parts producer Motorpal, a.s. - a unique pre-packed formal court reorganization approved by the creditors. White & Case advises Commerzbank as an agent in the financial restructuring of a major Czech auto-parts producer Motorpal, a.s. On the basis of our advice and provided analysis, the clients agreed on the restructuring of the loan and ultimately agreed to a unique pre-packed formal court reorganization ap-
proved by the creditors. This type of reorganisation is used for the first time on the Czech market. Restructuring of project financing for a Spanish borrower in relation to construction of a power plant (one of the largest restructurings in Spanish history) White & Case is advising the financing banks in relation to the outcome of the pre-insolvency proceedings of the Spanish energy, telecommunications and transport conglomerate consisting of the parent company and 30 subsidiaries which filed for protection against creditors pursuant to the Spanish Insolvency Act. The moratorium was followed by the conclusion of a standstill agreement with the creditors, including our client. Our clients provided ECA-covered financing to one of the companies of the group to finance an export by a Czech exporter. The financing is guaranteed by the parent company. In addition to advising ČEZ, a. s. on numerous domestic legal matters, White & Case is providing a wide range of legal services to ČEZ, a. s. in relation to their Central and Eastern European operations. White & Case is also advising numerous significant companies within the energy sector such as Energetický a průmyslový holding, a.s. and NET4GAS, s.r.o., to name but a few.
White & Case (Europe) LLP, organizační složka Na Příkopě 854/14 110 00 Prague 1 Tel.: +420 255 771 343 www.whitecase.com