CMS has advised on the construction of the state-of-the-art Nowa Lodz Fabryczna railway station, one of the largest railway projects in the European Union and the most modern in Poland.
Kochanski Zieba & Partners (KZP) has advised Generac Holdings Inc., a designer and manufacturer of power generation equipment and other engine powered products, on the acquisition of assets of Motortech Holding GmbH & Co. KG from its family shareholders. The sellers were advised by the KSB Intax firm on the transaction, which remains subject to regulatory approval (and which is expected to close in the first quarter of 2017).
Clifford Chance has represented the TDJ Group in the Kopex Group's debt restructuring. The signing of the restructuring documents was the last condition precedent to the TDJ Group's acquiring the majority of the shares in Kopex S.A. According to reports, the TDJ Group's acquisition of control over the Kopex Group crowns the largest acquisition in the machine manufacturing sector in Poland.
Schoenherr has advised Kansai Paint Co Ltd., from Osaka, on the acquisition of the Helios Coatings Group from Ring International Holding AG ("RIH"), GSO Capital Opportunities Fund II (Luxembourg) S.a r.l., and Templeton Strategic Emerging Markets Fund IV, LDC. The sellers were advised by Brandl & Talos.
Jara Drapala & Partners is reporting that it has successfully reached a settlement on behalf of Alpine Bau Deutschland AG in a lawsuit brought by the company as part of a consortium of contractors in 2014 against the Polish State Treasury for damages related to the consortium's construction of the National Stadium in Warsaw. In its initial claim, Alpine Bau demanded PLN 139 million in damages and remuneration. Linklaters advised the Polish State Treasury in negotiations, with CMS advising Zurich Insurance.
Polish Banking & Finance specialist Mariusz Hyla has left Hogan Lovells in Poland to join DLA Piper's Warsaw office as Partner and Head of the Finance & Projects department.
Clifford Chance is reporting that it was "heavily represented" on the working group of the Polish Bank Association, which, on November 16, 2016, after almost four years of work, launched an LMA (Loan Market Association)-based recommended form Polish law governed facilities agreement in a Polish language version.
Clifford Chance has advised Wydawnictwa Szkolne i Pedagogiczne S.A. on syndicated refinancing of up to PLN 410 million organized by ING Bank Slaski S.A., Bank BGZ BNP Paribas S.A., Bank Handlowy w Warszawie S.A., Bank Zachodni WBK S.A., and Raiffeisen Polbank S.A. Allen & Overy advised the banks on the transaction, which involved the repayment of their bilateral credit facilities and the redemption of bonds listed in the ATS, as well as ensuring acquisition and revolving financing for the company.