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Legal market overview
Growing frustration with the waiting game in the Polish energy sector, as the government delays in issuing new guidance, led to the exit of two international energy companies from the market in 2013; Iberdrola and Dong Energy withdrew from the market, with PGE and Energa acquiring the Polish assets of both companies. There has also been a flurry of activity in the private healthcare market, including BUPA’s acquisition of the Lux Med Group, by way of international auction.
This year sees the addition of a Restructuring and insolvency section to the chapter, to cover some of the legal work arising from the country’s ongoing economic challenges. Elsewhere, the Polish dispute resolution market remains buoyant, due in part to continuing difficulties in the construction sector, while the uncertainty created by the changes to the pensions regime has had an impact on stock exchange fundraisings.
In terms of significant lawyer moves, Piotr Gałuszyński left White & Case P. Pietkiewicz, M. Studniarek i Wspólnicy – Kancelaria Prawna sp.k. to head the banking and finance team at Kochanski Zieba Rapala & Partners, with fellow partner Jacek Czabański also joining. Greenberg Traurig Grzesiak sp.k. saw a number of departures, with Paweł Bajno moving to Norton Rose Fulbright, and Piotr Szelenbaum, Maciej Zalewski and Daniel Kaczorowski bolstering the team at White & Case P. Pietkiewicz, M. Studniarek i Wspólnicy – Kancelaria Prawna sp.k..
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.
Search News and Articles
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.
Can you fully control the Internet?
Jurisprudence has provided two different decisions in identical case matter, namely the contracting authority's right (or the lack thereof) to disclose information regarded as a trade secret by the economic operator. The regional court in Łódź decided in 2004 that the contracting authority is bound by the economic operator's stipulation regarding confidentiality of some of the information contained in the offer. It may accept it or may reject the offer, but it has no right to disclose it. In 2005 the Supreme Court of the Republic of Poland declared something completely to the contrary in its resolution: the contracting authority has the right to disclose information which does not satisfy statutory conditions of a trade secret. Is the Supreme Court right and does its resolution constitute the final word in this matter? In my opinion, the resolution in fact only raises more doubts.
Since middle of May, a new act on LLP companies is in force in Guernsey, providing unique opportunities for tax planning.
Creation of something out of nothing, based on nothing, guaranteed by no one, persuading people that this something is worth anything - we wonder how much longer it will last and how many people will be worse off because of it.
New rules of statutory warranty bring longer deadlines and significantly alter the buyer's rights.
An employee or job applicant has the right to refuse to provide certain information. For example, a woman doesn't have to admit she is expecting a baby. Neither does she need to reveal what her father or husband does.
Business activity in Poland may be conducted in forms similar to those found in other European countries. Available types of business activity include: 1.1 commercial companies comprising: 1.1.1 corporations (limited liability company and joint-stock company); 1.1.2 partnerships (general partnership, limited liability partnership, limited partnership, limited joint-stock partnership); 1.2 branch offices of a foreign company; 1.3 representative offices of a foreign company; 1.4 individual business activity (also as part of a civil partnership). Cooperatives, associations, foundations and cross-border vehicles such as the European Company, or the European Economic Interest Grouping, which may also be used in conducting business in Poland, are not covered by this study. Read the full study here , prepared at the request of Polish Information and Foreign Investment Agency (PAIiIZ).
The Committee for Preparation of Amendments in the Bankruptcy and Restructuring Law, which was appointed by the Ministry of Justice, has recently prepared guidelines for the bill of a new restructuring law. It should be underlined that restructuring proceedings (often confused with bankruptcy proceedings) concern only entrepreneurs threatened with insolvency, but not yet insolvent, and the purpose of them is to make such entrepreneurs capable of conducting business activity.
Bär & Karrer was elected Switzerland M&A Legal Adviser of the Year at yesterday's annual Mergermarket M&A Awards. Based on a comprehensive analysis of Mergermarket's league tables, the judging panel chose Bär & Karrer from among seven shortlisted Swiss and international law firms that were particularly active in the Swiss M&A market in 2014.
Alexander Lavrentyev, head of the VEGAS LEX Fuel and Energy Group, has spoken at the XI Professional Energy Forum, Generation, Networks and Sales , about default supplier's breach of contract without disruption of supplies
The patent attorneys at Boult Wade Tennant are well known for their expertise and advocacy skills for both contentious and non-contentious matters before the European Patent Office. In November 2014 alone, Boult Wade Tennant attorneys attended over 29 oral proceedings in Munich or The Hague.
The VEGAS LEX law firm and First Infrastructure Company InfraONE are performing comprehensive consultancy and support services for the concession grantor at the financial close phase of the project to introduce fees for 12-plus ton vehicles.
VEGAS LEX, InfraONE take part in meeting of Transport Ministry Taskforce on Extending Moscow Air HubOn November 27, 2014, the Transport Ministry Investment Coordination Council's** Taskforce on Extending the Moscow Air Hub (MAH) Experience to Regional Airports* led by VEGAS LEX Partner Albert Eganyan , chairman of the InfraONE Board of Directors, held its first meeting.
Russian rating of law firms Pravo.Ru-300 recognizes VEGAS LEX as one of Russia's leading law firms, ranking us among top-tier law firms in various categories.
The VEGAS LEX Volga Directorate has organized a roundtable on important theoretical and practical aspects of challenging transactions during bankruptcy proceedings.
VEGAS LEX experts have discussed personal and corporate fraud risk management with business executives