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Legal market overview

The year under review has been a fruitful for one for firms’ real estate departments, as the level of investment from both Polish and international investors has remained high, with particular interest in retail centres, office buildings and logistics parks. With the market for office space in Warsaw at a premium, investors are increasingly looking at opportunities in Poland’s other major cities.

The new Act on Bonds was introduced in July 2015 and contains several innovations intended to eradicate the problems associated with previous bonds legislation, which were thought to discourage issuances of non-treasury bonds and investment therein.

On the whole, firms have reported a positive year for M&A deals; the only exception to this was in the run up to the Parliamentary elections in October 2015, when several major transactions were put on hold.

The picture is less rosy in relation to the capital markets, with equity specialists in particular finding new instructions harder to come by now that the raft of major privatisations is over. Of the new work that is being generated, some is being snapped up by Mrowiec Fialek i Wspólnicy, a boutique formed in April 2014 by former Allen & Overy, A. Pedzich sp. k. partner Zbigniew Mrowiec.

Other developments included Paweł Pietkiewicz’s departure from White & Case LLP, P. Pietkiewicz, M. Studniarek i Wspólnicy – Kancelaria Prawna sp.k. to join Greenberg Traurig Grzesiak sp. k., and Allen & Overy, A. Pedzich sp. k.’s recruitment of IP specialist Krystyna Szczepanowska-Kozłowska from DLA Piper Wiater sp.k..

Firms in the spotlight

Laszczuk & Partners

Łaszczuk & Partners is a Warsaw-based independent law firm that has been providing legal services to Polish and foreign businesses since 1989. In our work we combine knowledge and experience with creativity and understanding of business needs. We seek to ensure our clients stability and legal security in their operations. Our team of talented lawyers acts quickly, developing optimal, effective and practical legal solutions. Our strength is creation of interdisciplinary teams to solve specific tasks, allowing us to make the most effective use of our lawyers’ knowhow from various fields of law.

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