WKB has advised MB Aerospace group on its purchase of 100% of the shares in Vac Aero Kalisz Sp. z o.o. from the Canadian parent company Vac Aero International Inc. The preliminary share purchase agreement was governed by Canadian law, and Davies Ward Phillips & Vineberg was the lead counsel to MB Aerospace with respect to that agreement and to other aspects of the transaction governed by Canadian law.
SPCG has successfully represented Socrates Investment S.A. before Poland's Supreme Court in a dispute worth approximately PLN 9 million regarding "the payment of interest by a joint-stock company for a delay in dividend payments due to a declaration of annulment of the shareholders’ resolution during the AGM."
The Warsaw office of Greenberg Traurig has represented the US-based Amstar private equity fund and the Warsaw-based BBI Development real estate developer on the bulk sale of 72 residential units to German-fund Catella. Dentons advised Catella on the deal. According to Greenberg Traurig, “the transaction is believed to be the largest bulk sale of luxury residential units in Central European history.”
DJBW Danilowicz Jurcewicz Biedecki i Wspolnicy has advised STK Group, one of the largest private rail operators in Poland, on the sale of 100% of STK S.A. shares and 80% of Kolej Baltycka shares to OT Logistics, for a total amount PLN 33.1 million. Wroclaw-based PGNG advised OT Logistics on the deal, which still requires anti-monopoly clearance.
WKB has advised the holders of the majority of shares in Organic Farma Zdrowia S.A. — including the private equity fund Avallon — on the sale of 63.42% of the share capital (representing approximately 55.65% of the total voting rights in the company) to the Italian company EcorNaturaSi. Greenberg Traurig advised EcorNaturaSi on the deal, which was finalized on July 6, 2016.
Norton Rose Fulbright has advised ING Bank, a branch of ING-DIBA AG, on a loan facility made available to Hines Poland Sustainable Income Fund for the acquisition of a logistics portfolio in Poland from NBGI Private Equity. Clifford Chance advised Hines on both the financing and the acquisition, while Dentons advised NGBI on the sale.
Poland’s Spaczynski, Szczepaniak i Wspolnicy law firm has advised Dirlango Trading & Investments Limited on private equity fund Innova Capital’s investment into Dirlango portfolio companies Netsprint S.A. and LeadR Sp. z o.o. consisting of the acquisition and subscription for a total of 48% of their shares. Weil, Gotshal & Manges advised Innova Capital on the deal.
Chajec, Don-Siemion & Zyto (CDZ) and the Polish Society of Anti-Discrimination Law (PSADL) have signed a cooperation agreement under which CDZ will provide legal support free of charge in cases related to human rights, and in particular to providing legal protection against unwarranted unequal treatment.
DZP has advised the owners of DCC Labs, a Warsaw-based company which designs solutions for digital television and the Internet, on their sale of the company to American SeaChange International Inc. The transaction closed on May 6, 2016, and SeaChange paid approximately USD 8 million in cash and SeaChange stock for DCC Labs.