Locke Lord London Office Represents EBRD in PLN 800 Million Long-Term Loan Facility for Project Involving Poland’s Electricity Grid

The London office of international law firm Locke Lord represented the European Bank for Reconstruction and Development (EBRD) and advised on a PLN 800 million (EUR 195 million equivalent) long-term corporate loan facility to Energa SA and Energa Operator SA as part of the modernisation of Poland’s electricity distribution network (to include the introduction of an advanced metering system to strengthen the grid capacity). EBRD will hold up to 50 percent of the loan and has syndicated the remainder to two Polish commercial banks, PKO Bank Polski and ING Bank Slaski. The total cost of Energa Operator’s 2012-2015 investment programme is approximately PLN 5.2 billion (EUR 1.3 billion equivalent). Energa SA is one of the largest power utilities in Poland.

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Dorsey Appoints Commercial Real Estate Head in London

International law firm Dorsey & Whitney LLP announced today that Sloan Kelly has joined the Firm’s London office as a partner, where he will head the Firm’s London Real Estate practice. Mr. Kelly’s practice focuses on commercial real estate investment and development, acting for U.K. and off-shore property companies, private investors, funds and institutions. He also specializes in real estate joint ventures, commercial leases (representing landlords and tenants), real estate finance and secured lending. Prior to joining Dorsey, Mr. Kelly was most recently a partner and former head of real estate in the London office of Katten Muchin Rosenman UK LLP.

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