Schoenherr and Norton Rose Fulbright, working with Davis Polk & Wardwell and Ashurst, have advised JP Morgan Chase and other financing parties on the refinancing of Diebold Nixdorf debt and the provision of USD 400 million in new capital. Sullivan & Cromwell and K2Legal Korbonski i Partnerzy reportedly advised the borrower.
Dominika Niewiadomska-Siniecka Joins VeloBank as CEO Advisor, Proxy, and Managing Director
Former UPC Polska Board Member and Chief Legal, Regulatory, Corporate Affairs Officer Dominika Niewiadomska-Siniecka has joined VeloBank as CEO Advisor, Proxy, and Managing Director.
DZP Advises Polregio on 200-Train Tender
Domanski Zakrzewski Palinka has advised Polregio on the preparation of framework agreements and tender documentation for the supply of 200 trains.
Tax Exemption in The Polish Investment Zone From 2023 in Yet a Different Shape
As of 1 January 2023, new conditions govern aid in the Polish Investment Zone (PIZ), as indicated in the new regulation implementing the Act on supporting new investments (the new PIZ regulation).
Wardynski & Partners Advise CNS Pharmaceuticals on Berubicin Supply Agreement with Pomeranian Medical University
Wardynski & Partners has advised CNS Pharmaceuticals on negotiating a contract to supply Berubicin to the Pomeranian Medical University.
Allen & Overy and Linklaters Advise on FLE Acquisition of Kopernik Office Buildings from DWS Group
Allen & Overy has advised FLE on its acquisition of the Kopernik Office Buildings in Warsaw from the DWS Group. Linklaters advised the seller.
Cytowski & Partners Advises Eleven Labs on USD 2 Million Pre-Seed Round
Cytowski & Partners has advised Polish start-up Eleven Labs on its USD 2 million pre-seed financing round with Credo Ventures, Concept Ventures, and angel investors from the UK and CEE.
Dentons Successful for Porsche Inter Auto Polska Before Supreme Administrative Court
Dentons has successfully represented the interests of Porsche Inter Auto Polska in multiple cases concerning excise taxation on intra-community acquisitions of passenger cars before the Provincial Administrative Court in Warsaw and the Supreme Administrative Court.
SSK&W and Chudzikowski Advise on Sale of Milestone Dom Wdrozeniowy to BPX
SSK&W has advised the shareholders of Milestone Dom Wdrozeniowy on the sale of all shares in the company to BPX. Chudzikowski advised BPX.
Advertising of Medical Devices in Poland: Surveillance and Sanctions
Under the Polish Medical Devices Act of 7 April 2022 (the MDA), surveillance over medical device advertising is exercised in principle by the President of the Office for Registration of Medicinal Products, Medical Devices and Biocidal Products (the URPL), and in certain cases, by the Minister of Health or the Chief Sanitary Inspector.
Norton Rose Fulbright Advises Banks on PLN 330 Million Financing for Corab
Norton Rose Fulbright has advised a banking syndicate on the PLN 330 million financing for Polish photovoltaic systems manufacturer and equipment distributor Corab with the option of an incremental facility up to a total of PLN 500 million.
Deloitte Legal Advises Scope Fluidics on WSE Main Market Listing
Deloitte Legal has advised Scope Fluidics on the transfer of its listing from NewConnect to the main market of the Warsaw Stock Exchange.
Six Partner Promotions at DWF
Maciej Antoniak, Radoslaw Cebelinski, Tomasz Kaczmarek, and Rafal Wozniak were promoted to International Partners while Wiktoria Rogaska and Marta Wysokinska made Local Partners at DWF.
WKB and Baker Tilly Legal Poland Advise on Zeiss Acquisition of Lenso
WKB has advised the Zeiss Group on its acquisition of Lenso. Baker Tilly Legal Poland advised Lenso.
Corporate Governance in Poland
Contributed by Dentons.
Gas Prices Capping Act Brings Important Changes for RES Sector
On 20 December 2022, the Official Journal of the Republic of Poland published the rather awkwardly titled Act of 15 December 2022 on Special Protection of Certain Gas Fuel Consumers in 2023 Due to the Gas Market Situation (Gas Prices Capping Act). In this legal alert, we’ll look at the main rules intended to protect eligible customers against spikes in gas prices, payment of compensation to eligible suppliers, as well as amendments to the Energy Law (EL) that are likely to affect the market for companies producing energy from renewable sources (RES Businesses).
CMS Advises EBRD on Loan to Stax Technologies
CMS has advised the EBRD on a EUR 10.8 million loan to Serbian machine manufacturer Stax Technologies.
Clifford Chance and Ciftci Advise Arcelik on New Standalone Home Appliance Business JV with Whirlpool
Clifford Chance and its Turkish affiliate Ciftci Attorney Partnership have advised Arcelik on the establishment of a joint venture between its Ardutch subsidiary and Whirlpool Corporation subsidiary Whirlpool EMEA Holdings to create a new standalone business in the European home appliances sector. Latham & Watkins advised Whirlpool.