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Starting on 22 May 2023, it will be possible to establish and register family foundations in Poland. The Polish legal system will thus be expanded by a new institution that allows assets to be accumulated and managed, and profits to be distributed to beneficiaries. The legislature wished to provide the means for family-owned businesses and their owners to engage in intergenerational wealth management and to grow their wealth over time while protecting it from dispersal to unrelated entities and persons. Hence, family foundations may serve as a means to retain and multiply a family's wealth, independent of inheritance law.

WKB Lawyers has advised the KGAL ESPF 5 Holding on establishing its cooperation with Lasuno to develop renewable energy projects in Poland. BNT Attorneys advised Lasuno.

Partner Agnieszka Kulinska has been appointed the new Head of the Energy and Natural Resources practice in Dentons’ Warsaw office, taking over from Managing Partner Arkadiusz Krasnodebski. Warsaw and Munich-based Partner Christian Schnell will Co-Head the firm's Europe Energy practice group alongside Berlin-based Partner Tim Heitling.

Schoenherr, working with Luther and Hogan Lovells, has advised the Cargo-Partner Group Holding on its EUR 1.4 billion sale of Cargo-Partner GmbH and 60 other subsidiaries to Nippon Express Holdings. Freshfields Bruckhaus Deringer advised the buyer.

Rymarz Zdort Maruta has advised Polska Grupa Energetyczna on the formation of PGE PAK Energia Jadrowa – a joint venture of PGE and ZE PAK, each with a 50% shareholding – for the development of Poland’s second nuclear power plant to be constructed in Patnow. 

Dentons has advised arranger, original lender, agent, and security agent Raiffeisen Bank International on a EUR 21.9 million term loan facility for the development of a 31.5-megawatt portfolio of eight photovoltaic power plants in Romania to companies owned and operated by Photon Energy NV.

DLA Piper has advised Halma on its acquisition of Sewertronics for an initial sale price of EUR 41 million. Gomez-Acebo & Pombo and Wardynski & Partners reportedly advised the sellers.

Former Baker McKenzie Partner Magdalena Nasilowska has joined Allen & Overy’s Warsaw Corporate Practice as a Partner. Counsel Piotr Szczecinski and Associate Jakub Zebrowski also joined the firm alongside Nasilowska.

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