Dentons has advised DRFG on its acquisition of the Ister II project company from the Galata Group. Nosko & Partners reportedly advised the seller.
New Employee Sobriety Checks Regulations
New regulations allowing employers to carry out preventive and ad hoc sobriety checks on employees will come into effect on February 21, 2023. Employers will be allowed to start the checks two weeks after they publish relevant regulations in the workplace.
How to Efficiently Modernize the Municipal Street Lighting System?
Recently local authorities have been hit by rising electricity costs. No-one’s surprised nowadays when electricity purchase prices rise by several hundred percent or when tenders are repeatedly cancelled. As a result, local authorities often decide to take radical steps - temporary closures of public facilities, limited street lighting or turning off the illumination of buildings have become standard in some towns and cities. There’s no doubt that a major part of the electricity purchased by local government goes on street lighting systems, which are often inefficient in terms of energy consumption. In many cases, it might be a good idea to have a look at using public-private partnerships as a way to upgrade street lighting systems and cut electricity requirements. It is also worth taking note that developing this model for implementing public tasks in the street lighting sector is explicitly included in the strategic document Polish Energy Policy until 2040 issued by the Ministry of Climate and Environment and setting the framework for the energy transition in Poland.
Roedl & Partner, Dentons, Bird & Bird, and Baker Tilly Advise on Sunfarming and Hansainvest Partnership Expansion to Poland
Roedl & Partner, working with Bird & Bird, has advised Sunfarming on expanding its partnership with Hansainvest through a EUR 50 million mezzanine financing for 231 Polish photovoltaic projects. Dentons, working with Baker Tilly, advised Hansainvest on providing the financing.
Did You Know: Early 2023 CEE Leaderboard
Did You Know that, according to the Activity Rankings function of the CEELMDirect website, nine law firms in Central and Eastern Europe got off to an exceptionally strong start in 2023, with five client matters or more reported on by CEE Legal Matters in the first month of the year alone?
The New EU-wide Cyber Law, Directive 2022/2555 (‘NIS2 Directive’), Entered into Force on Monday, January 16, 2023.
The new NIS2 Directive will replace the current NIS Directive on security of network and information systems.
Dentons and Act BSWW Advise on Wola Retro Office Building Divestment in Warsaw
Dentons has advised Develia on its preliminary agreement for the EUR 70 million sale of the Wola Retro office building in Warsaw with the Adventum Group. Act BSWW advised Adventum.
Polish Family Foundation – A New Instrument for Succession Planning in Family Businesses
On 14 December 2022 the lower house, Sejm, passed a bill on family foundations. The law was then sent to the Senate, where amendments were made to it, now pending before the Sejm. Regardless of these legislative works, it is expected that the law will come into force 3 months after its promulgation. It should therefore be possible to establish a family foundation as early as the first half of 2023.
Tax Exemption in The Polish Investment Zone From 2023 in Yet a Different Shape
As of 1 January 2023, new conditions govern aid in the Polish Investment Zone (PIZ), as indicated in the new regulation implementing the Act on supporting new investments (the new PIZ regulation).
Did You Know: Three-Way Tie Atop CEE 12-Month Banking & Finance Leaderboard
Did You Know that, according to the Activity Rankings function of the CEELMDirect website, Clifford Chance’s Andrzej Stosio, Norton Rose Fulbright’s Warsaw Managing Partner Grzegorz Dyczkowski, and Mark Harrison, the Founder and Principal of Harrisons, all worked on six reported Banking & Finance deals in the past 12 months, placing them in a three-way tie for first place in CEE over that time?
Dentons Successful for Porsche Inter Auto Polska Before Supreme Administrative Court
Dentons has successfully represented the interests of Porsche Inter Auto Polska in multiple cases concerning excise taxation on intra-community acquisitions of passenger cars before the Provincial Administrative Court in Warsaw and the Supreme Administrative Court.
Corporate Governance in Poland
Contributed by Dentons.
Gas Prices Capping Act Brings Important Changes for RES Sector
On 20 December 2022, the Official Journal of the Republic of Poland published the rather awkwardly titled Act of 15 December 2022 on Special Protection of Certain Gas Fuel Consumers in 2023 Due to the Gas Market Situation (Gas Prices Capping Act). In this legal alert, we’ll look at the main rules intended to protect eligible customers against spikes in gas prices, payment of compensation to eligible suppliers, as well as amendments to the Energy Law (EL) that are likely to affect the market for companies producing energy from renewable sources (RES Businesses).
Dentons Advises NEPI Rockcastle on EUR 60 Million Green Financing
Dentons has advised NEPI Rockcastle on a EUR 60 million green financing for Ploiesti Shopping City from a syndicate of lenders led by BRD Groupe Societe Generale.
Contract Indexation Vs. Contracting Authority’s Economic Prudence in Poland
An economic crisis is definitely upon us. Factors such as inflation, reduced availability of raw materials and skyrocketing material prices and costs triggered by, among other things, the armed conflict in Ukraine and sanctions imposed on the Russian Federation, are having a direct impact on performance of contracts and their profitability. Among those hardest hit in these circumstances are parties to public procurement contracts.
Dentons Advises Helaba on Accolade Polish Warehouse Portfolio Refinancing
Dentons has advised Helaba Landesbank Hessen-Thueringen on its EUR 129 million refinancing of five Accolade warehouse parks in Poland. Allen & Overy reportedly advised Accolade.
Jaroslaw Witek Joins Dentons as Partner in Poland To Lead Defense and Security
Former NGL Legal Partner Jaroslaw Witek has joined Dentons' Warsaw office as a Partner to lead the firm's Defense and Security group.
Amendment to the Czech Republic’s Act on Significant Market Power and its Impact on Business Practices
On 1 January 2023, an amendment to the Act on Significant Market Power in the Sale of Agricultural and Food Products and Its Abuse (the “Act”) comes into effect. The amendment significantly expands the Act’s scope both in terms of who is affected as well as the obligations it imposes.