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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.
Legal Business: country analysis
Breaking new ground – advisers hope shale revolution can restart CEE market
Weighed down by political unrest and slowing economies, energy and infra projects look like one area to be driving
the CEE economy. Can the shale revolution power up
Click here to read the feature.
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INSIGHT: Hard graft
the pan-Europe bribery crackdown
As European agencies turn up the heat on bribery and corruption, we team up with Simmons & Simmons to assess how clients are responding.
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As an employer it is vital that you are informed on new labour law related issues that could negatively affect your organisation. In this legal insights we explore a number of these important legal points. read more...
By its judgment dated 19 June 2015 entered in the case brought by Jan Rokita against Konrad Kornatowski (former Police Commander in Chief), the Regional Court in Warsaw allowed the claim and rendered unenforceable the 2009 judgment of the Court of Appeal ordering Jan Rokita to make a statement of apology to Konrad Kornatowski in Dziennik newspaper.
On 13 August 2015, the Court of Appeal in Warsaw dismissed in its entirety an action brought by the General Inspectorate for Road Transport against Robert Feluś and Grzegorz Jankowski for publication of a correction to the press release entitled “Libacja inspektorów od radarów ”. The article was published in “Fakt Gazeta Codzienna” on 27 September 2013.
On 26 June 2015, the Regional Court in Warsaw dismissed in its entirety a claim filed by Katarzyna Tusk against Ringier Axel Springer Polska (RASP) represented by Kochański Zięba Rapala & Partners Law Firm.
On 1 October 2015, the Court of Appeal in Warsaw reversed the judgment of the Regional Court in Warsaw announced on 2 February 2015 in the case brought by Marek Falenta against Michał Wodziński (the former editor of Fakt.pl) and dismissed the action for publication, on the fakt.pl portal, of corrections to the following press articles: “Tak żyje kelner od afery taśmowej” (“This Is How the Tape Scandal Waiter Lives”), “Tak ”Król węgla” chciał obalić Tuska?” (“Is This How the ‘Coal King’ Wanted to Overthrow Tusk?”), “Węglowy król: jakie ma haki na premiera?” (“The Coal King: What Does He Have on the Prime Minister?”), “Adwokat Falenty z pluskwą w teczce?” (“Falenta’s Lawyer With a Bug in His Briefcase?”), “Nowa hipoteza: Trio frustratów stoi za taśmami” (“The New Hypothesis: There’s a Trio of Frustrated People Behind the Tapes”), “Tak mieszka król węgla od afery taśmowej” (“This Is How the Tape Scandal Coal King Lives”).
As the modern business services market continues to experience explosive growth in Poland, it is worth keeping in mind the legal issues surrounding practices related to monitoring of employees. The line between lawful and unlawful monitoring practices is at times unclear, and issues of personal data protection also must be kept in mind.
Personal data protection generates a large number of difficulties in the day-to-day activity of service centres. This results from the complicated processes surrounding the processing of personal data in international corporations and the unique nature of the BPO/SSC industry, but also from the restrictive requirements of Polish law regarding personal data.
New minimum wage act sets lowest hourly remuneration for workers at Euro 8.50 from 1 January 2015. This regulation will have crucial impact on undertakings from other countries providing their services in Germany. Foreign employers will have to comply with the new law and pay their employees staying in Germany at least Euro 8.50 per hour.
The practice of entering into double net or triple net lease agreements has become fairly common in the modern commercial property market in Poland. This means that a significant majority of the costs of the upkeep of the leased property are shifted to the tenant.
New rules of statutory warranty bring longer deadlines and significantly alter the buyer's rights.
The Bundesverfassungsgericht, Germany’s Federal Constitutional Court, recently had to grapple with the issue of whether greater value ought to be attached to artistic freedom or copyright law in a given case. In its judgment of May 31, the Court chose to bolster artistic freedom (Az. 1 BvR 1585/13).
On September 7, 2016 VEGAS LEX organized a roundtable on Private Investment and PPP in the Defence Industry: Participants, Mechanisms and Prospects as part of the ARMY 2016 international military technical forum.
Anyone who does not wish to have their estate distributed in accordance with the rules of intestate succession needs to prepare a will or contract of inheritance. In order to prevent disputes from occurring, it is important that the testator’s final wishes be clear.
Schoenherr Bratislava has advised the Albéa group ("Albéa") on the acquisition of 100 % of the shares in SCANDOLARA TUB-EST, s.r.o. ("Scandolara"), a Slovak subsidiary of the Italian Scandolara Group, which produces laminate tubes. read more...
Basellandschaftliche Kantonalbank (BLKB) and the Swiss robo-advisor True Wealth AG have entered into a strategic partnership. BLKB further acquired a minority stake in True Wealth.
Recordati, an international pharmaceutical group listed on the Italian Stock Exchange, acquires the Swiss pharmaceutical company Pro Farma AG.
On 22 July 2016, the shareholder sold a majority stake in the AutoForm Group to Astorg Partners. AutoForm Group is a leading provider of software solutions for the design and sheet metal forming simulation. Astorg Partners is one of the most successful independent private equity companies in Europe.
Kyiv, 9 September 2016 - AVELLUM advises Custos Invest & Finance Inc., one of the Datagroup’s shareholders, in connection with the increase of the stake of Horizon Capital in Datagroup from significant minority to over 70%.
If a car dealership advertises with a manufacturer’s logo without being an authorized dealer, this may constitute misleading advertising vis-à-vis consumers and violate competition law.
Baker & Partners will be holding a Breakfast Briefing on fraud and asset recovery cases involving financial institutions on 22 nd September, 8.00-9.30am, at The Royal Yacht Hotel.