Transaction coverage — 22 January 2025
Legalcommunity reports Avocom’s work alongside CITIC Holding IF Group LLC on negotiations and preliminary arrangements supporting infrastructure development in Saudi Arabia.
The team was coordinated by Francesco del Bene, with Ian C. Hughes, Federico M. Sorrentino and Piergiorgio Casati. Andrea M. Vitali assisted on tax matters.
The article’s title refers to CITIC’s presence in the UAE; its text describes infrastructure initiatives and negotiations relating to Saudi Arabia.
Press coverage
Transaction coverage — 2 January 2025
Legalcommunity reports Avocom’s role as global counsel in the financing of Prozeal Green Energy’s photovoltaic development in Taru, Leh, India.
The project described by the publication combines a 25 MW photovoltaic facility with a 50 MWh battery energy storage system. The Avocom Energy team was led by Francesco del Bene and Piergiorgio Casati.
The original article provides the project and financing details.
Press coverage
Avocom has been shortlisted for the Italy Firm of the Year category for their corporate legal work in the Project-Finance. Avocom’s work includes cross-border project financing and development deals.
Avocom Law Firm Llp, with the Managing Partner Prof. Francesco del Bene, assisted by Prof. Avv. Piergiorgio Casati of the London office, assisted ITP Group Srl, in financial partnership with the independent investment company CITIC Holding IF Group Llc, in the negotiations with the Egyptian Petrochemicals Holding Company (ECHEM) and the Egyptian Ethylene and Derivatives Company (ETHYDCO) to obtain the financing of the supply of over 2 million tons of Ethane gas in four years, destined to feed Ethytdco and Sidpec, ethylene crackers of the industrial area of Alessandria.
Avocom Law Firm LLP confirms its palmares of prizes and special mentions: the subject of the new awards is the MF/Class Best Lawyers and Best Law Firms e i Super Studi Legali guide that rewards the Italian-English firm in several categories.
First of all, in the Élite category in Project Finance stands out Francesco del Bene, Professor and lawyer specialised in relevant cross-border transactions with Middle East countries, while among the Best there is a special mention for Piergiorgio Casati.
But Avocom Law Firm LLP is also among the firms of the year in the Élite category, an achievement obtained for its assistance to Shelfgastechnology LLC in the ShelfGas Iraq project financed by CITIC Holding IF Group LLC, to Sroshti Waraz Co. in the project for the construction of a new plant in Sulaymaniyya (Iraq) as well as in the project for the reconstruction of the facilities of Kirkuk Cement Company Ltd. Kirkuk.
“We are honoured by such prestigious consecutive awards,” comments Francesco del Bene, Managing Partner of the firm, with satisfaction. “Clients, from all geographies, reconfirm us as the right partner for major projects, especially in the Energy and Project Finance sectors”.
Avocom has been shortlisted for the Italy Firm of the Year category for their corporate legal work in the banking, investment funds and infrastructure. Avocom’s work includes cross-border project financing and development deals.
Avocom Law Firm LLP confirms its palmares of prizes and special mentions: the subject of the new awards is the Le Fonti Legal Awards 2022 that rewards the Italian-English firm in Energy category.
“We are honoured by such prestigious consecutive awards,” comments Francesco Del Bene, Managing Partner of the firm, with satisfaction. “Clients, from all geographies, reconfirm us as the right partner for major projects, especially in the Energy sector”.
Avocom’s partner Francesco Del Bene was honored with a new award at the MF Legal Awards 2022 in Italy, one of the most prestigious business legal awards, for its commitment and achievements in a number of large international projects in Project. Among the awarded assistances, the special mentions were for Shelfgastechnology LLC in the ShelfGas Iraq project funded by CITIC Holding IF Group LLC, for Sroshti Waraz Co. in the project of construction of a new plant of low environmental impact production in Sulaymaniyya (Iraq) as well as in the project of reconstruction of the facilities of Kirkuk Cement Company Ltd. in Kirkuk.
“It is a privilege and an honour to be awarded by the Scientific Committee of Milano Finanza Class Editori. An award that undoubtedly rewards an excellent teamwork carried out together with my partners and friends Piergiorgio Casati, Ian Christian Hughes, Federico Michele Sorrentino, Giorgio Benvenuto as well as Pinkas Flynt, owner of the homonymous firm and our key contact for all of South America” commented Francesco del Bene, Managing Partner of the Firm, with satisfaction. “In addition to them, I would like to add Giovanna Gentile, CEO of Coral International Commercial Agency (CICA), based in Abu Dhabi, with whom we are sharing a strategic alliance whose contents and results, already of absolute importance, will be increasingly evident in the future”.
Avocom Law Firm LLP is the ideal partner especially in the Energy and Project Finance sectors. Mr. Del Bene continues: “Over the last year, we have completed significant transactions involving multinationals such as the Egyptian Echem, the Qatari Al Jaber Engineering, the Azeri Shelfgastechnology and many others. In the project, the focus has been consolidated on the United Arab Emirates, Oman and Iraq, as well as Kurdistan, with the financing of government and private projects that are fundamental for the reconstruction and economic revival of countries that have been deeply affected by wars, in order to restart industrial production, hospital assistance, and restore primary and secondary infrastructures, while adequately exploiting the enormous natural resources. In the near future, the United Arab Emirates will play a leading role, thanks to a level of security-country among the first in the world, the result of substantial investment in advanced technologies to ensure them in support of what is considered a refuge country for investors from all over the world, with zero taxation. A strategy adopted with a long-term vision that has enabled vertical growth and development of the country over a 30-year period, with results unimaginable for any other nation. Avocom is bringing in resources from institutional and non-institutional investors in China, the United States, Azerbaijan, Egypt and Iraq and, in the latter case, actively contributing to the government’s project to rebuild the country”.
In Italy, the firm is paying particular attention to the world of start-ups which, like all sectors, is experiencing critical issues related to Covid.
The LMG Life Sciences Awards has released the full list of finalists for its 2022 EMEA awards. The awards will bring together Europe’s legal community to recognise the leading law firms and lawyers from across the region to celebrate their success in the Life Sciences industry.
Italy Firm of the Year:
Avocom
Avocom has been shortlisted for the Italy Firm of the Year category for their corporate legal work in the healthcare and life sciences industry. The firm assisted clients in the project financing and development of a specialised dental laboratories, medical centres, and hospitals. Avocom’s work includes cross-border project financing and development deals.
LMG Life Sciences Senior Awards Researcher John Harrison said of Avocom’s shortlisting: “Avocom has been advising on complex, cross-border corporate transactions in the Life Sciences sector. These deals have seen successful financing for the acquisition, growth, and development of health and dental facilities throughout the EMEA region. Much of this success comes from the leadership of Francesco del Bene, the co-founder and Managing Partner of the Avocom Independent Network and specialist in the fields of financial intermediation, structured finance, and project finance.”
LMG Life Sciences Managing Editor, Chris Adams, said of the awards: “We are delighted to be able to present the winners of the LMG Life Sciences Europe 2021 awards. While it is a disappointment that the awards must once again be virtual, that hasn’t impacted the quality of the research we’ve had this year.
“We have seen a great deal of notable legal work this year – which is to be celebrated given that organisations have had to adapt to new ways of working through the pandemic. The global health crisis from this past year has showcased in real time the impact of life sciences innovation, and we are happy to recognize lawyers active in this sector.”
