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Historically, Poland’s Renewable Energy Sources (RES) sector has relied heavily on long-term project finance, with loan tenors of 15-18 years from project completion. In the current local financial landscape, high interest rates persist with WIBOR remaining elevated despite attempts at correction, and the cost of long-term interest rate swaps continuing to soar.

For years, Poland has held the unenviable position of leading the race in delays when implementing various EU laws, especially in the digital sector. This has resulted, and continues to result, in multimillion-euro fines that Poland is compelled to pay to the EU.

Employers often find themselves contemplating whether they should disclose the reasons for an employee’s termination to the entire workforce. While the motivations behind this consideration can be well-intentioned – such as educating remaining employees about unacceptable behaviors, promoting transparency, and preventing the spread of misinformation, there are legal implications to take into account.

In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.

Former Polskie Elektrownie Jadrowe Vice-President of the Management Board Lukasz Mlynarkiewicz has joined Kochanski & Partners as a Partner in its Infrastructure, Energy, Environment, and ESG Practice Group and will also serve as the Head of the Nuclear Energy Practice.

MFW Fialek has advised Hartenberg Capital on its acquisition of a controlling stake in 4Kraft and its subsidiaries, 4Kraft LLC and Suzhou Kinderkraft Trading. Zhong Lun reportedly advised Hartenberg Capital as well. JLSW Janaszczyk Lis i Wspolnicy advised 4Kraft.

Penteris has advised Summus Capital on the acquisition of the Lakeside office building in Warsaw from real estate developer Atenor. Schoenherr advised Erste Group Bank as the financing institution. Baker McKenzie reportedly advised Atenor.