Dentons has advised Savills Investment Management on its acquisition of the Leroy Merlin distribution center near Lodz from Invesco Real Estate. The purchase, which was valued at approximately EUR 71 million, was made on behalf of Korean institutional investors managed by Vestas Investment Management.
On 31 March 2020, the Polish parliament passed the Covid-19 Act (the “Act”). In its final form, the new law differs somewhat from the draft of the so-called Anti-Crisis Shield dated 21 March 2020 that we have previously reviewed, most notably in the way it regulates the issue of commercial lease agreements.
Clifford Chance has advised a consortium of banks including Intesa Sanpaolo Oddział w Polsce as lender and paying agent, Banca IMI, London Branch and China Construction Bank Oddzial w Polsce as mandated lead arrangers and bookrunners, and Banca IMI S.p.A. as facility agent on a PLN 500 million syndicated loan to Tauron Polska Energia. Tauron Polska Energia was advised by Linklaters.
In The Corner Office feature of CEE Legal Matters we ask Managing Partners at leading law firms across Central and Eastern Europe about their unique roles and responsibilities. In light of current events, the question for this online occurrence of the feature is: "How are you managing your team working remotely during this challenging period?"
Businesses are still forced to file register applications and pleadings in paper form with handwritten signatures, using a universal postal service provider. Fortunately, the Covid-19 Act gives more time for taking procedural steps and actions. Also, some courts are being pro-active, allowing essential pleadings to be filed via email.
Domanski Zakrzewski Palinka has successfully represented the City of Krakow Road Administration before Poland's National Appeal Chamber regarding a PPP project involving the design, construction, and operation of part of a tramway. The City of Krakow Road Administration was also represented by solo practitioner Marzena Juskiewicz.