Commerzbank agrees facility for Calik Enerji Swiss: the advisors
Çalık Enerji San. ve Tic. A.Ş and its Swiss subsidiary, Calik Enerji Swiss concluded a PLN 1.166 billion guarantee facility agreement with Commerzbank Aktiengesellschaft, Zurich Branch.
In connection with the operation, Baker McKenzie Switzerland advised Commerzbank, while Pestalozzi represented Çalık Enerji San. ve Tic. A.Ş and Calik Enerji Swiss.
The context
Swiss Export Risk Insurance provided the main coverage for the facility, which has been guaranteed by Çalık Enerji San. ve Tic. A.Ş. The agreement in question relates to Calik Enerji Swiss and Çalık Enerji’s EPC contract for the turnkey construction of a 1,336 MW combined-cycle power plant with H2-ready technology in Kozienice, Poland.
The Baker McKenzie team
Baker McKenzie served as the sole legal counsel to Commerzbank on all Swiss and Turkish law aspects of the transaction.
Zurich-based partner Markus Wolf (banking & finance, pictured above) led the Baker McKenzie team on the operation working alongside a Swiss team including associate Sammy Guidoum (banking & finance) and trainee lawyer Valentina Biland (banking & finance). Moreover, the matter involved partner Muhsin Keskin and associate Seray Karaalp from Esin Attorney Partnership (Baker McKenzie Istanbul).
The Pestalozzi team
The Pestalozzi team working on the matter included Oliver Widmer (pictured), Samir Ainouz and Niku Gholamalizadeh
