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Baker McKenzie Switzerland advised Commerzbank Aktiengesellschaft (Zurich branch) on a PLN 1,166,286,000 guarantee facility agreement covered mainly by Swiss Export Risk Insurance (“SERV”) for Calik Enerji Swiss AG (“Calik Enerji Swiss”). 

The facility, guaranteed by Çalık Enerji San. ve Tic. A.Ş. (“Çalık Enerji”), was provided in connection with 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. Baker McKenzie acted as the sole legal counsel to Commerzbank on all Swiss and Turkish law aspects of the transaction.

Headquartered in Lucerne, Switzerland, Calik Enerji Swiss is one of the Çalık Enerji group’s anchor EPC subsidiaries, delivering international energy and infrastructure projects through the Swiss supply chain. Çalık Enerji, based in Istanbul, is a leading diversified energy company operating across EPC, power distribution and renewable energy in Türkiye, Central Asia, the Middle East, Africa and Eastern Europe.

Commerzbank Aktiengesellschaft (Zurich branch) is one of Europe’s leading banks in trade and export finance, with a strong footprint in the Swiss market, supporting Swiss export and capital market-oriented clients.

The Baker McKenzie team was led by Partner Markus Wolf (Banking & Finance, Switzerland) and further included Associate Sammy Guidoum (Banking & Finance, Switzerland) and Trainee Lawyer Valentina Biland (Banking & Finance, Switzerland), as well as Partner Muhsin Keskin and Associate Seray Karaalp from Esin Attorney Partnership Istanbul (Baker McKenzie Istanbul).