Legal advice on US banking and capital market law

KfW

KfW requires legal advice regarding its banking and capital market activities in the USA or having a nexus to the USA.

Deadline

Die Frist für den Eingang der Angebote war 2017-07-24. Die Ausschreibung wurde veröffentlicht am 2017-06-23.

Anbieter

Die folgenden Lieferanten werden in Vergabeentscheidungen oder anderen Beschaffungsunterlagen erwähnt:

• Sullivan & Cromwell LLP

Wer?

• KfW

Wie?

Wo?

• Darmstadt › Frankfurt am Main, Kreisfreie Stadt

Geschichte der Beschaffung

Datum	Dokument
2017-06-23	Auftragsbekanntmachung
2018-01-17	Bekanntmachung über vergebene Aufträge

Auftragsbekanntmachung (2017-06-23)
Objekt
Umfang der Beschaffung
Titel: Dienstleistungen im juristischen Bereich
Referenznummer: KfW-2017-0035
Kurze Beschreibung:

KfW requires legal advice regarding its banking and capital market activities in the USA or having a nexus to the USA.

Metadaten der Bekanntmachung
Originalsprache: Englisch 🗣️
Dokumenttyp: Auftragsbekanntmachung
Art des Auftrags: Dienstleistungen
Verordnung: Europäische Union
Gemeinsames Vokabular für öffentliche Aufträge (CPV)
Code: Dienstleistungen im juristischen Bereich 📦
Zusätzlicher CPV-Code: Dokumentationsdienste 📦
Ort der Leistung
NUTS-Region: Frankfurt am Main, Kreisfreie Stadt 🏙️

Verfahren
Verfahrensart: Verhandlungsverfahren
Angebotsart: Angebot für alle Lose
Vergabekriterien
Entfällt

Öffentlicher Auftraggeber
Identität
Land: Deutschland 🇩🇪
Art des öffentlichen Auftraggebers: Einrichtung des öffentlichen Rechts
Name des öffentlichen Auftraggebers: KfW
Postanschrift: Palmengartenstraße 5-9
Postleitzahl: 60325
Postort: Frankfurt am Main
Kontakt
Internetadresse: https://www.kfw.de/kfw.de-2.html 🌏
E-Mail: vergabestelle@kfw.de 📧
Telefon: +49 697431-0 📞
Fax: +49 697431-2944 📠
URL der Dokumente: https://vergabe.kfw.de 🌏

Referenz
Daten
Absendedatum: 2017-06-23 📅
Einreichungsfrist: 2017-07-24 📅
Veröffentlichungsdatum: 2017-06-27 📅
Datum des Beginns: 2018-03-01 📅
Datum des Endes: 2022-06-30 📅
Kennungen
Bekanntmachungsnummer: 2017/S 120-243298
ABl. S-Ausgabe: 120
Zusätzliche Informationen

The contract will be awarded to the most economically advantageous tender on the basis of the following criteria and their relative weightings: Price 30 % and Quality 70 %. KfW may prolong the Mandate and Fee Agreement several times up to a maximum term of 6 years and 4 months until 30.6.2024.

Objekt
Umfang der Beschaffung
Kurze Beschreibung:

KfW seeks to conduct a framework agreement governed by German law for an initial period starting 1.3.2018 until 30.6.2022 with 1 law firm (or a group of law firms). The advice sought comprises all matters regarding KfW's capital market activities and activities related to it under US Law including, without limitation, all communication, statements and filings to be made with the SEC and other regulators and the conclusion of related agreements. Furthermore, advice on matters under the US Securities Act of 1933, the US Securities Exchange Act of 1934 and related US legislation as well as on all matters regarding KfW under applicable banking and financial regulatory law of the USA and its federal states may fall under the scope of this framework agreement. Hence the framework agreement comprises advice on Shelf-Related Disclosure, advice on Takedowns, advice on Other Matters and advice on Changes of the legal Legal Framework. The subject matter of the contract is detailed in the Specifications (terms of reference).

The candidates must obtain the Procurement Documents from the Procurement Plattform ‘vergabe.kfw.de’. As the Procurement Platform is in German language only the candidates must adhere to the following 4 steps:

1. Open the Internet page http://vergabe.kfw.de,

2. In the column ‘Ausschreibungen’ click on the link ‘Legal advice on US banking and capital market law (KfW-2017-0035)’,

3. To open the download page for the Procurement Documents click on the link ‘Unterlagen zur Ansicht herunterladen’,

4. The candidate can either obtain the individual Procurement Documents by clicking ‘Dateien einzeln herunterladen’ or all Procurement Documents in a single file (.zip-format) by clicking ‘Unterlagen als ZIP-Datei herunterladen’.

Zusätzliche Informationen:

The contract will be awarded to the most economically advantageous tender on the basis of the following criteria and their relative weightings: Price 30 % and Quality 70 %.

KfW may prolong the Mandate and Fee Agreement several times up to a maximum term of 6 years and 4 months until 30.6.2024.

Ort der Leistung
Hauptstandort oder Erfüllungsort: KfW, Palmengartenstraße 5-9, 60325 Frankfurt am Main, Germany.

Rechtliche, wirtschaftliche, finanzielle und technische Informationen
Bedingungen für die Teilnahme
Liste und kurze Beschreibung der Regeln und Kriterien:

A) Suitability to pursue the professional activity, including requirements relating to enrolment on professional or trade Registers Self-Declaration:

— concerning the professional or trade register the economic operator is enrolled in including the number,

— for the core team (‘partner’, ‘counsel’, ‘senior associate’) to be admitted as Attorney at Law at the New York Bar Association or other bar association in the USA,

— regarding the absence of grounds for the candidate's exclusion due to paragraph 123 and 124 of the German Act against Restraints on Competition (‘GWB’).

b) Economic and financial Standing:

— Self-Declaration concerning the turnover after tax in the area covered by the contract in the last 3 closed financial years achieved by the economic operator's Business (the economic operator must have a minimum yearly turnover after tax with legal services provided on US banking and capital market law of at least 2 000 000 EUR).

To be continued in chapter VI.3).

Verfahren
Begründung für die Rahmenvereinbarung:

Paragraph 2 of Sec. 65 of the Regulation for the Award of Contracts for Professional Services (‘VgV’) permits a duration of 6 years. KfW stipulates a maximum duration of 6 years and 4 months firstly to allow for the necessary orientation period in the case of a transition of the law firm and secondly to allow for 6 operational contract years with a transition by 1st of July of a year.

Internetadresse: http://www.gesetze-im-internet.de/gwb/ 🌏
Hauptmerkmale des Vergabeverfahrens:

The procedure has 2 stages: (1) ‘Contest for Participation’ and (2) ‘Tenders and Negotiations’. Interested candidates are invited to submit a Request to Participate within the Deadline given in chapter IV.2.2). KfW will select a maximum number of 3 candidates on the Basis of published Selection Criteria. They will be invited to submit a binding Initial Tender and to negotiate it with KfW. When the negotiations are completed, all Tenderers will be invited to submit binding Final Tenders.

Zeitpunkt des Eingangs der Angebote: 10:00
Sprachen, in denen Angebote oder Teilnahmeanträge eingereicht werden können: Englisch 🗣️

Öffentlicher Auftraggeber
Kontakt
Kontaktperson: Procurement Department, attn: Dr Christof Schwabe

Referenz
Zusätzliche Informationen

I. Conditions for participation (continued)

b) Economic and financial Standing:

— Self Declaration regarding a professional risk indemnity insurance covering damages and financial losses caused by poor performance of legal services with a minimum cover of 150 000 000 EUR for damages and financial losses per claim with an insurance company of good Standing (the tenderer provides evidence at the latest 14 calendar days after contract Award about either the conclusion or existence of an adequate insurance).

c) Professional ability:

— Self-Declaration ‘Description of the law firm’ (The description must evidence practice in the area of Banking and capital market law of the USA and its federal states. The law firm must have offices in Europe and USA).

— Self-Declaration ‘Experience of the law firm’ (The law firm must have experience with advising on the banking and capital market law of the USA and its federal states with respect to SEC registered programmes and takedowns of at least 15 years).

— Self-Declaration ‘Number of legal counsel and legal support staff deployed in all practices worldwide and in the practice banking and capital market law of the USA and its federal states’ (The economic operator must evidence in the category ‘legal counsel deployed in the practice banking and capital market law of the USA and its federal states in offices in the USA and in Europe’ at least a total number of 10 legal counsel according to the categories of this public procurement procedure (‘partner’, ‘counsel’, ‘senior associate’, ‘junior associate’ and ‘legal support staff’ as defined in the Specifications) in each and every year in the last 3 financial years available).

— Self-Declaration ‘Average term of employment of legal counsel and legal support staff’.

— Self-Declaration ‘List of the Candidate's references from contracts performed in the past’ (The economic operator (be he a single candidate or consortium) must submit at least 3 references that are comparable to the tendered contract in terms of the nature of work, the scope and complexity of the tasks; The reference advice must have been rendered with respect to a Schedule B Issuer under the US Securities Act of 1933 and the US Securities Exchange Act of 1934. Each of the minimum requirements needs to be met).

— Self-Declaration ‘Professional qualification of the persons responsible for the execution of the tendered contract — Curriculum vitae of the core Team’ (The core team must comprise a partner, a counsel and a senior associate). The Minimum requirements for the career levels are detailed in the Procurement Documents; All members must be admitted as Attorney at Law at the New York Bar Association or other bar association in the USA. The partner of the core team must have at least 15 years of experience with US securities law and at least 10 years of experience with Schedule B issuers and their access to the US capital market via registered offerings and/or debt issuance programmes. All members of the core team must have at least 3 years of experience with Schedule B issuers and their access to the US capital market via registered offerings and/or debt issuance programmes. All members of the core team must be familiar with relevant disclosure obligations of sovereigns, such as the guarantor of the issuer, the Federal Republic of Germany. At least 1 member of the core team must be native in English while the other members of the core team must be at least fluent in English. Either the senior associate or the counsel must be native in German while the other members of the core team must be fluent in German. At least 1 member of the core team must be located in an European office — preferably Frankfurt a.M.)

II. Remarks to the procedure

The decision to negotiate submitted initial tenders is at the discretion of KfW. KfW expressly reserves the right to accept a tender on the basis of the initial tender without negotiations.

Ergänzende Informationen
Körper überprüfen
Name: Vergabekammer Bund
Postanschrift: Villemomblerstraße 76
Postort: Bonn
Postleitzahl: 53113
Land: Deutschland 🇩🇪
Telefon: +49 2289499-0 📞
Fax: +49 2289499-163 📠
Internetadresse: www.bundeskartellamt.de 🌏
Informationen zu Fristen für Nachprüfungsverfahren:

Section 1 and Section 3 No 4 of paragraph 160 of the German Act against Restraints on Competition of 17.2.2016 (‘Gesetz gegen Wettbewerbsbeschränkungen — GWB’) state: The Review Body shall initiate review proceedings only upon application. The application is inadmissible if (...) more than 15 calendar days have expired since receipt of notification from the contracting entity that it is unwilling to redress the complaint.

Quelle: OJS 2017/S 120-243298 (2017-06-23)

Bekanntmachung über vergebene Aufträge (2018-01-17)
Objekt
Umfang der Beschaffung
Gesamtwert des Auftrags: 0.01 EUR 💰
Metadaten der Bekanntmachung
Dokumenttyp: Bekanntmachung über vergebene Aufträge

Verfahren
Angebotsart: Entfällt

Referenz
Daten
Absendedatum: 2018-01-17 📅
Veröffentlichungsdatum: 2018-01-19 📅
Kennungen
Bekanntmachungsnummer: 2018/S 013-026852
Verweist auf Bekanntmachung: 2017/S 120-243298
ABl. S-Ausgabe: 13
Zusätzliche Informationen

The contract will be awarded to the most economically advantageous tender on the basis of the following criteria and their relative weightings: Price 30 % and Quality 70 %. KfW may prolongate the Mandate and Fee Agreement several times up to a maximum term of 6 years and 4 months until 30.6.2024.

Objekt
Umfang der Beschaffung
Kurze Beschreibung:

KfW seeks to conduct a framework agreement governed by German law for an initial period starting 1.3.2018 until 30.6.2022 with one law firm (or a group of law firms). The advice sought comprises all matters regarding KfW's capital market activities and activities related to it under US Law including, without limitation, all communication, statements and filings to be made with the SEC and other regulators and the conclusion of related agreements. Furthermore, advice on matters under the US Securities Act of 1933, the U.S. Securities Exchange Act of 1934 and related US legislation as well as on all matters regarding KfW under applicable banking and financial regulatory law of the USA and its federal states may fall under the scope of this framework agreement. Hence the framework agreement comprises advice on Shelf-Related Disclosure, advice on Takedowns, advice on Other Matters and advice on Changes of the legal Legal Framework. The subject matter of the contract is detailed in the Specifications (terms of reference).

Zusätzliche Informationen:

KfW may prolongate the Mandate and Fee Agreement several times up to a maximum term of 6 years and 4 months until 30.6.2024.

Verfahren
Begründung für die Rahmenvereinbarung: The procurement involves the establishment of a framework agreement.
Hauptmerkmale des Vergabeverfahrens:

The procedure has 2 stages:

(1) “Contest for Participation”; and

(2) “Tenders and Negotiations”.

Interested candidates are invited to submit a Request to Participate within the Deadline given in Chapter IV.2.2). KfW will select a maximum number of 3 candidates on the Basis of published Selection Criteria. They will be invited to submit a binding Initial Tender and to negotiate it with KfW. When the negotiations are completed, all Tenderers will be invited to submit binding Final Tenders.

Auftragsvergabe
Datum des Vertragsabschlusses: 2018-01-15 📅

Öffentlicher Auftraggeber
Kontakt
Kontaktperson: Procurement Department, attn: Dr. Christof Schwabe

Ergänzende Informationen
Körper überprüfen
Informationen zu Fristen für Nachprüfungsverfahren:

Section 1 and Section 3 nº 4 of Paragraph 160 of the German Act against Restraints on Competition of 17.2.2016 (“Gesetz gegen Wettbewerbsbeschränkungen — GWB”) state: The Review Body shall initiate review proceedings only upon application. The application is inadmissible if (…) more than 15 calendar days have expired since receipt of notification from the contracting entity that it is unwilling to redress the complaint.

Quelle: OJS 2018/S 013-026852 (2018-01-17)

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