Gawronski & Partners has advised Przedsiebiorstwo Wodociagow i Kanalizacji on its organization of a public procurement procedure for the construction of a pioneer nutrient recovery facility, which will recover phosphorus from reclaimed water in a sewage treatment plant in the Polish town of Cielcza.
Linklaters has advised the EBRD and BNP Paribas Bank Polska on financing provided to five Polish special purpose vehicles owned by the French renewable energy developer and operator Qair and the French infrastructure fund RGreen Invest and advised BNP Paribas Bank Polska on financing provided to three Polish special purpose vehicles of the same portfolio, with the total financing to the portfolio amounting to approximately PLN 700 million. Dentons advised Qair on the deal.
SSW Pragmatic Solutions, working with Germany's Schnittker Moellmann Partners, has advised Polish private equity investor ARIA Private Equity on its investment in Inuru, a company providing electronic packaging solutions. Taylor Wessing reportedly advised Inuru on the transaction, which was valued at EUR 2 million.
On April 17, 2020, CEE Legal Matters reported that Linklaters had advised Penta Real Estate on the sale of the D48 office building in Warsaw to IAD Investments. We reached out to Damian Grzywacz, Managing Director in Penta Real Estate Poland, to learn more about the deal.
Prior to the pandemic caused by the spread of SARS-CoV-2, the Polish Commercial Companies Code permitted limited liability companies and joint-stock companies to hold shareholders’ meetings by means of electronic communication. However, virtual (remote) shareholders’ meetings were to be an exception to the general rule of physical meetings, and were required to have been explicitly permitted in the company’s articles of association. Preventive measures introduced into Polish law in response to COVID-19 by the “Act of 31 March 2020 amending the Act on special arrangements for preventing and combatting COVID-19, other infectious diseases and the crisis situations caused by them and certain other acts”, changed this principle. Below we present the current rules and requirements related to virtual shareholders’ meetings.
Gide Loyrette Nouel has advised Sierra Gorda on its entrance into a credit facility agreement of USD 200 million with Bank Gospodarstwa Krajowego. Gide also advised corporate guarantors KGHM Polska Miedz S.A., Sumitomo Metal Mining Co. Ltd, and Sumitomo Corporation. White & Case advised Bank Gospodarstwa Krajowego on the deal.