Entrepreneurs in difficulty, who are struggling with the performance of a contract, may benefit from a restructuring procedure. Any restructuring procedure guarantees the protection of executed contracts, with the most effective solution being the reorganization procedure (postępowanie sanacyjne).

In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and stay up to date with the latest developments impacting their respective practice areas. 

Poland is on the verge of implementing the long-awaited new rules on corporate liability for white-collar crimes. This is the second such attempt after an initial legislative proposal was flushed down the drain, only two years ago, amid vehemently critical reviews from entrepreneurs and business associations right across the country.

With numerous reports of energy-related business shutdowns, we reached out to local experts across CEE to understand what different markets have been dealing with, in terms of work and production stoppages, and look into the broader impact.

Rymarz Zdort Maruta has advised SFS Ventures on its transfer of an 11% stake in Eurozet to co-shareholder Agora.

Eversheds Sutherland has advised the Eika Real Estate Fund – represented by Eika Asset Management – on the acquisition of the Celebro office building in Warsaw from White Stone Development. CMS advised the sellers.

On February 27, 2023, Greenberg Traurig announced that CMI’s sale of the Eurozet Group to SFS Ventures and Agora (reported by CEE Legal Matters on February 25, 2019) had closed following a favorable merger clearance decision by the Warsaw Court of Appeal.

Former Baker McKenzie Partner Pawel Hincz has joined Advanced Protection Systems in Poland as its Head of Legal.

Greenberg Traurig has advised P3 Logistic Parks on the acquisition of the 185,000 square-meter Wroclaw Campus 39 logistics park from Panattoni. DLA Piper advised Panattoni.

Baran Ksiazek Bigaj has announced that former Attorney-at-Law Malgorzata Kurzynoga will be promoted to Partner and will supervise the firm’s new branch office in Lodz, set to open on March 1, 2023.

Wardynski & Partners has advised Genomtec on the transfer of its listing from NewConnect to the main market of the Warsaw Stock Exchange.

Former Vistra Senior Tax Manager Piotr Prokocki has joined Penteris as a Senior Associate and the firm’s new Head of Tax.

Dentons has advised PKO Bank Polski on the financing granted to Wind Farm Lada – a company controlled by Re Alloys and, indirectly, by Luma Holding – for the construction of the 35-megawatt Dzwola onshore wind power project. 

SSW Pragmatic Solutions has advised Baltic Power on the contract with Erbud for the construction of the operation and maintenance base for the Baltic Power offshore wind farm.

B2RLaw has advised the Moffitt Cancer Center and its for-profit subsidiary OncoBay Clinical on Clinscience's USD 33.5 million investment in OncoBay.

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.