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Legal market overview
Having for some time seemed immune to the financial crisis affecting much of Europe, over the past 12 months Poland has experienced its first slump and there are numerous transactions pending instead of having been completed. Poland’s energy sector continues to endure a waiting game as new legislation is expected in early 2013. While this may have deterred banks from investing in energy projects, developers have explored alternative financing options and the market has seen an increase in joint ventures and mergers within energy.
Greenberg Traurig Grzesiak sp.k. opened its first office in Poland after recruiting the staff of Dewey & LeBoeuf Grzesiak SP.K., the former Polish office of the now-defunct Dewey & LeBoeuf LLP. Other notable developments included a changing of the guard at White & Case P. Pietkiewicz, M. Studniarek i Wspólnicy – Kancelaria Prawna sp.k., with a number of senior figures departing and Paweł Pietkiewicz being appointed as executive partner. Baker & McKenzie Krzyzowski i Wspolnicy sp.k.’s tax department lost VAT expert Jerzy Martini, who left to establish a boutique firm.