Penteris has advised Huuuge on its USD 38.9 million acquisition of Traffic Puzzle from Wroclaw-based gaming studio Picadilla Games. Olesinski & Wspolnicy reportedly advised Picadilla on the deal.
On December 15, 2020 CEELM gathered legal experts from across the region for its annual Year-in-Review Round Table conversation. In a wide-ranging discussion, participants shared opinions and perspectives on their markets, on strong (and less-strong) practices across the region, and the effect of the COVID-19 crisis on both, as well as on how technology is changing the legal industry, and what the industry will look like in 2021.
Within days of the coronavirus’s arrival in March, the Polish government was scrambling to react, with lockdowns, subsidies and stimulus, public health requirements, and other measures coming rapidly, on an ad hoc basis, with the need for speed making it difficult for Polish companies (and Poles in general) to keep up, and forming a patchwork of ideas rather than a comprehensive and coherent plan.
New technologies are all the rage, as law firms adapt to the telecommuting and digitalization realities that accompanied the Covid-19 pandemic. Accordingly, we decided to ask our Law Firm Marketing experts from across the region a simple question: “What is the single most important/valuable piece of software you use?” As always, we asked respondents to focus on the question at hand, rather than – as we put it – using the question simply as an excuse to “tell us that their firms are awesome.” Not everyone was able to resist.
In its recent judgment C-311/18 (Schrems II) the Court of Justice of the European Union (CJEU) undermined, to a certain extent, the principles established in previous years for the transfer of personal data outside the EEA, in particular to the US. Many exporters, i.e. controllers and processors transferring data to third countries, were surprised by the verdict and left in confusion. Fortunately, the European Data Protection Board (EDP) came to the aid and adopted recommendations on measures that supplement transfer tools to ensure compliance with the EU level of protection of personal data.
The two major issues in Poland at the moment, according to Agnieszka Pytlas, Managing Partner of Penteris in Warsaw, are the lockdown necessitated by the second wave of the Covid-19 crisis and the ongoing protests against a ruling by the country’s top court in October that amounted to a near-total ban on abortion.
Polish Parliament is currently working on changes to tax law imposing a 19% corporate income tax on limited partnerships. The changes, which will enter into force in 2021, are meant to tighten up the tax system and curb international tax optimisation. Unfortunately, even a cursory glance at the current ownership structure of limited partnerships in Poland will tell us that the proposed solutions will be felt mostly acutely by Polish entrepreneurs.
On 16 July 2020, the Court of Justice of the European Union (CJUE) issued a landmark judgment in case C-311/18 (Data Protection Commissioner v. Facebook Ireland Limited, Maximillian Schrems), in which it concluded that Decision 2016/1250 on the adequacy of protection provided by the EU-US Privacy Shield is invalid.