Bird & Bird has advised Wento and Enterprise Investors on the EUR 50 million sale of Eco Power sp. z o.o. to PGE Energia Odnawialna. The Warsaw office of Norton Rose Fulbright advised the buyers on the deal.
New legislation that affects investments in Polish entities by investors from outside the EEA and OECD will enter into force on 24 July 2020. The Act on Control of Certain Investments (the "Act"), recently amended by the so-called Anti-Crisis Shield Act, empowers the President of the Office for Competition and Consumer Protection (the "OCCP") to review foreign investments on the grounds of public security, order and health. The new screening mechanism will apply over the next two years.