Eversheds Sutherland Wierzbowski is advising the Polish Ministry of Finance and Polish Financial Supervision Authority on a project titled "On the Road to Financial Inclusion and Innovation," which is designed to establish a legal and technological framework for developing the FinTech and SupTech sector in Poland. The project also involves, among others, the EBRD.
The most significant amendment to the Polish Code of Civil Procedure in 30 years entered into force 7 November 2019.
Clifford Chance has advised INEA, an open-access fiber-optic network operator in Poland, on additional financing of over PLN 400 million procured from a consortium of Bank Pekao S.A., Credit Agricole Bank Polska S.A., Credit Agricole Corporate and Investment Bank, EBRD, ING Bank Slaski S.A., PKO BP S.A., BNP Paribas Bank Polska S.A., and PZU Fizan BIS 1. White & Case advised the lenders on the deal.
Greenberg Traurig has advised Tritax EuroBox on its acquisition of Central Logistics Investment from Griffin Real Estate, which was acting on behalf of Redefine Properties. Linklaters advised the sellers on the deal.
Karol Rajewski, the former Head of Legal at the Financial Supervision Department in Warsaw, has joined SSW Pragmatic Solutions.
SSW Pragmatic Solutions has advised White Stone Development on a loan it received from Santander Bank Polska. Radzikowski, Szubielska i Wspolnicy reportedly advised Santander Bank Polska.
Dentons has helped Toshiba Carrier Corporation establish its first European manufacturing site in Poland.
CMS has advised the Partners Group on its acquisition of a majority share of the VSB Group. Closing remains contingent on regulatory approval.
Dentons and Kirkland & Ellis have represented GIC, Singapore’s sovereign wealth fund, on the acquisition of the Maximus logistics real estate portfolio from funds managed by Apollo Global Management, a US-based private equity firm. Noerr advised the sellers on the transaction, which was signed in December 2019 and closed on January 31, 2020, and which was valued at approximately EUR 950 million.
Kochanski & Partners has advised Formaster S.A. on its merger by absorption of subsidiaries Dafi Pro S.A. and Dafi Market S.A..
Polish lawyers Katarzyna Komulainen and Leszek Rydzewski have joined Andersen Tax & Legal in Warsaw.
Schoenherr lawyers Pawel Halwa and Thomas Kulnigg have been promoted to Equity Partner as part of the firm's annual promotion round, and lawyers Constantin Benes, Leon Kopecky, Guenther Leissler, Laurenz Schwitzer, Manuela Zimmermann, Georgiana Badescu, Madalina Neagu, and Milos Lakovic have been promoted to Contract Partner.
DLA Piper has advised Polish family-owned investment firm TDJ on its acquisition of a controlling 83% stake in Teamtechnik Production Technology, a company specializing in the design and manufacture of intelligent production lines for the automotive industry. Teamtechnik was advised by Domanski Zakrzewski Palinka.
Noerr and Penkov, Markov & Partners have advised private equity firm Aurelius Equity Opportunities SE & Co. KGaA on the acquisition of the Renewable Power Systems and Protection Relays businesses from NASDAQ-listed Woodward, Inc.
Polish lawyers Piotr Kunicki and Oskar Waluskiewicz have been promoted to Partner at DWF in Warsaw.
Greenberg Traurig has advised Wood & Co. as the sole global coordinator on an accelerated book-building process acquisition of 13.3% shares in Ten Square Games S.A. from its management board members Maciej Popowicz and Arkadiusz Pernal. The transaction is valued at PLN 220 million.
With GDP growth for 2019 projected to be approximately 4%, the Polish economy remains strong, and the country’s real estate sector continues to set new records. The low availability of housing, strong domestic consumption, and stable industry production have boosted the profitability of real estate investments. Demand for land is high and developers compete fiercely for the shrinking number of attractive spots. In August 2019, a new law came into force which may make real properties held in a right of perpetual usufruct (RPU) more attractive than they used to be.
Poland's Czabanski & Galuszynski law firm represented the AXA Association pro bono in an unspecified dispute before Administrative courts.