Extraordinary circumstances, such as the Covid-19 pandemic or the war in Ukraine, and all that goes with them, including high inflation, which manifests itself in skyrocketing prices for raw materials, other supplies, energy, and labor, prevent contracts from being performed on schedule. Price indexation can effectively restore economic equilibrium for parties to public procurement contracts.

Wardynski & Partners has advised the Cainiao Network on its Polish partnership agreement with Deutsche Post DHL Group company DHL E-Commerce Solutions. ADP Legal reportedly advised the DHL company.

Clifford Chance has advised Abris Capital Partners on the sale of all its shares in Graal to Lisner Holding. WKB Lawyers advised the buyer.

Poland's SRC Law Firm has advised landlord Golden Star Estate on the lease agreement for nearly 14,000 square meters of office space in the Konstruktorska Business Center in Warsaw to Lionbridge.

Hogan Lovells has advised Bank Millennium on its sale of an 80% stake in Millennium Financial Services to Towarzystwo Ubezpieczen na Zycie Europa and Towarzystwo Ubezpieczen Europa and their strategic bancassurance partnership. WKB Lawyers advised both buyers.

Gessel has advised Kredyt Inkaso on establishing its PLN 100 million bond issuance program and the required regulatory approvals.

Norton Rose Fulbright has advised RGreen Invest SAS on the EUR 38 million financing provided to PAD RES for the construction of a 76-megawatt photovoltaic portfolio in Poland. Clifford Chance advised PAD RES.

Clifford Chance has advised a consortium of banks on their agreement for a revolving credit facility of up to PLN 1 billion and a term loan of up to PLN 1.5 billion with Enea, granted as a sustainability-linked loan. Allen & Overy advised Enea.

Rymarz Zdort Maruta has advised the Three Seas Initiative Investment Fund on its EUR 150 million investment in R.Power. Clifford Chance advised R.Power.

Norton Rose Fulbright has advised a fund managed by Sienna Private Credit on its mezzanine financing to a Polish borrower for the construction of a 35-megawatt wind farm.

Dentons has advised HB Reavis on obtaining a EUR 475 million financing from Santander Bank Polska, Bank Pekao, Helaba, and Berlin Hyp for the development of the Varso Place building complex in Warsaw. DLA Piper reportedly advised the lenders.

Did You Know that, according to the Activity Rankings function of the CEELMDirect website, Rymarz Zdort Maruta and WKB Lawyers have worked on 14 reported Corporate/M&A client matters in the last 12 months – more than any other domestic Polish law firm?

Allen & Overy has advised Solida Capital and 1 Asset Management on a new purpose-built student accommodation project in Warsaw.

Former Counsels Aleksandra Dobrzynska-Grezel, Marek Kanczew, Jakub Krzemien, and Katarzyna Lukaszewicz have been promoted to Partners at Rymarz Zdort Maruta.

White & Case has advised issuer PKO Bank Hipoteczny and joint bookrunners Erste Group Bank and PKO Bank Polski on a PLN 500 million issuance of mortgage-covered bonds.

Baker McKenzie has advised companies from the Agencja Rozwoju Przemyslu group on their joint venture with GRI Renewable Industries for the construction of a wind tower production facility in Poland. Garrigues advised GRI.

Norton Rose Fulbright has advised Panattoni on the long-term lease and construction agreement for a built-to-suit logistics center in Radzymin to be developed for the Poczta Polska state postal service.

SSK&W has advised Wireless Instruments founders Michal Gorzad and Adrian Metelica on obtaining financing from an Assay Group private fund.