Sat, Nov
44 New Articles

FKA Furtek Komosa Aleksandrowicz has advised mBank SA on the sale of a portfolio of non-performing receivables towards corporate clients (and related receivables owed to a government financial institution) with a face value of over PLN 125 million. FKA describes the unidentified buyer of the portfolio as "a securitization closed-end investment fund belonging to one of the leading groups in the debt management market."

SSW Spaczynski, Szczepaniak & Partners has advised Waimea Holding SA on the sale of warehouse and production center in the North-West Logistic Park in Szczecin to the Exeter Property Group. Dentons advised the buyer on the deal. The transaction value amounts to approximately PLN 180 million (approximately EUR 41.2 million).

DZP has acted for Enea Wytwarzanie in negotiating a five month extension to a contract to build a 1075 MW energy unit in Kozienice with Mitsubishi Hitachi Power Systems Europe and Polimex-Mostostal. As a result, the deadline for completion of the energy unit has been extended to December 19, 2017. Dentons advised Polimex-Mostostal on the deal.

DZP is reporting that on November 24, 2016, Poland’s Constitutional Tribunal ruled that a Polish regulation allowing payments for international transport drivers to be made in the form of overnight allowances is not compliant with the Polish Constitution, in the process accepting the argument made by DZP's lawyers on behalf of the Transport & Logistics Poland Employers' Association. The firm’s application for a ruling on the constitutionality of article 21a of the Act on Drivers' Working Time was filed by the firm in February 2015.

The Robert Siwik Public Procurement Law Firm is reporting that it successfully represented two large trade associations — the Polish Association of Construction Employers and the Polish Association of Aggregates Producers — in appeal proceedings before Poland's National Chamber of Appeals (NCA) involving the award of a contract for the redevelopment and extension of a section of the "inter-regional road” 559. The two associations had joined their claim to that of appellant Skanska SA.

The Public Procurement Law Firm Robert Siwik has represented a consortium of Saferoad group companies in appeal proceedings before Poland's National Chamber of Appeals (NCA) concerning a tender for the maintenance of a section of the country's highway around Poznan. The contracting authority was the General Directorate for National Roads and Motorways – Division in Poznan (the "Directorate").

In 2016 the Polish capital markets have been influenced by two major factors: last year’s parliamentary elections, which brought the Law and Justice Party to power, and the effects of the reform of open-end pension funds (OFEs), which resulted in a reduction of the capital that OFEs could allocate to investments in shares listed on the Warsaw Stock Exchange (WSE).

Robert Siwik has announced that former Partner Artur Bierc has "ceased to be a partner in Bierc Siwik & Partners (BS&P) and engaged in the practice of the legal profession in another organizational structure," and that, going forward, his firm will do business as The Robert Siwik Public Procurement Law Firm (in Polish, the “Kancelaria Prawa Zamowien Publicznych Robert Siwik”).

Norton Rose Fulbright has advised a consortium of banks consisting of Bank Gospodarstwa Krajowego, Bank Zachodni WBK S.A., Powszechna Kasa Oszczednosci Bank Polski S.A., and the European Investment Bank on a PLN 629 million loan facility to be made available to Polish transport company Przewozy Regionalne sp. z o.o. Hogan Lovells advised Przewozy Regionalne on the deal. 

Allen & Overy has advised SGL Carbon SE, a leading global manufacturer of carbon-based products and materials based in Wiesbaden, Germany, on the conclusion of a syndicated revolving credit facility with a syndicate of banks advised by Freshfields. Binder Groesswang advised SGL Carbon on matters of Austrian law, with Burness Paull advising the company in Scotland, Viera de Almeida & Associados in Portugal, and Baker & McKenzie in the United States.

Poland Knowledge Partner

Established in 1957, Wolf Theiss is one of the leading European law firms in Central, Eastern and South-Eastern Europe with a focus on international business law. With 300 lawyers in 13 offices located in Albania, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia, Slovenia and Ukraine, Wolf Theiss represents local and international industrial, trade and service companies, as well as banks and insurance companies. Combining law and business, Wolf Theiss develops comprehensive and constructive solutions on the basis of legal, fiscal and business know-how.

All News about, and Legal Analysis by, Wolf Theiss can be found here.

Firm's website: http://www.wolftheiss.com/


Our Latest Issue