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Gessel Provides Support for Merger of Currency One with Przelewy24 Group

Gessel Provides Support for Merger of Currency One with Przelewy24 Group

Poland
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Gessel has supported the Przelewy24.pl group in its merger with Currency One S.A., Poland’s largest operator of online currency exchange platforms.

According to Gessel, "Currency One operates the Internetowykantor.pl and Walutomat.pl services; it has repeatedly received accolades for its innovative solutions in the online currency exchange market, and it is recognized as a leading non-bank entity in this field. Currency One’s customer base already encompasses over 450,000 customers who exchanged PLN 14 billion in 2016 alone. Przelewy24 is a member of a Polish Internet services group. Its eponymous service enables online settlements in the e-commerce market and has a user community of over 60,000."

The Gessel team was led by Advocate Michal Bochowicz, assisted by Trainee Attorney Klaudia Krawiec-Guz. Due diligence was performed by a team headed by Managing Associate Michal Boryczka, Attorney Inarda Bielinska, and Trainee Attorney Michal Osowski. The team was supervised by Partner Malgorzata Badowska.

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Established in 1957, Wolf Theiss is one of the leading European law firms in Central, Eastern and South-Eastern Europe with a focus on international business law. With 300 lawyers in 13 offices located in Albania, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia, Slovenia and Ukraine, Wolf Theiss represents local and international industrial, trade and service companies, as well as banks and insurance companies. Combining law and business, Wolf Theiss develops comprehensive and constructive solutions on the basis of legal, fiscal and business know-how.

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