DLA Piper has advised Santander Bank Polska and Helaba, Landesbank Hessen-Thuringen, on their grant of a EUR 47.15 million construction loan to finance the construction of 1060 rental apartments at four Resi4Rent projects in Poznan, Warsaw, and Gdansk. Linklaters advised Resi4Rent on the deal.
SPCG Studnicki, Pleszka, Cwiakalski, Gorski has successfully represented Amon sp. z o.o., a subsidiary of Polenergia S.A., in proceedings involving a potentially ineffective termination of a contract by Polska Energia – Pierwsza Kompania Handlowa sp. z o.o., a subsidiary of Tauron Polska Energia S.A., in the District Court in Gdansk, Poland.
Gessel has advised a private equity fund managed by Enterprise Investors and the three founders of 3S on the sale of 100% shares in 3S to Play Communications subsidiary P4. The transaction value of 3S and its subsidiaries was set at EUR 96 million while the value of their equity was set at EUR 78 million. White & Case advised P4 on the matter.
DLA Piper has advised First Data Corporation on the indirect acquisition of First Data Polska's shares by Fiserv, Inc. WKB, working alongside global counsel Sullivan & Cromwell, advised Fiserv on the deal, which was part of a global merger of First Data with subsidiary Fiserv that was valued at USD 22 billion.
What do human rights have to do with financial institutions? At first glance, one may think nothing. Originally, the protection of human rights was considered as the duty of governments only. However, it is becoming clear that those universal rights may be violated, but also protected by private sector actors. Recently, multiple international initiatives have started to develop regulations regarding human rights in the private sector, including the financial sector.
Czabanski & Galuszynski has advised Polskie Gornictwo Naftowe i Gazownictwo SA on a PLN 10 billion credit agreement with a consortium of banks consisting of Bank Gospodarstwa Krajowego, Bank Pekao, BNP Paribas Bank Polska, Caixa Bank Oddzial w Polsce, ING Bank Slaski, Intesa Sanpaolo Oddzial w Polsce, PKO Bank Polski, Santander Bank Polska, and Societe Generale. The banks were advised by Linklaters.