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Former Willis Towers Watson Regional Compliance Business Partner Maciej Hajewski has joined the PIB Group as its Group Head of Risk and Compliance - Europe in Poland.

The amendment to the Code of Commercial Companies (CCC), which came into force on 15 September 2023, introduced the possibility of dividing commercial companies by separation – that is, in essence, the creation of subsidiaries within which property can be transferred using the principle of general succession. A number of changes have also been introduced with regard to international and domestic mergers.

Clifford Chance has advised UniCredit and the other dealers on an update to Bank Millennium’s EUR 3 billion EMTN program and two related transactions: a EUR 400 million issuance of fixed to floating rate senior non-preferred notes; and a EUR 100 million private placement of senior non-preferred notes. Allen & Overy reportedly advised the issuer.

Baker McKenzie has advised Echo Investment Group companies Grupa Archicom, Echo Investment, and DKR Echo Investment on offering 10 million new shares in Archicom and DKR's sale of 6.1 million existing shares. The PLN 220 million transaction was managed by the PKO BP Brokerage Office.