Banking and finance in Poland

Allen & Overy, A. Pedzich sp. k.

Allen & Overy, A. Pedzich sp. k. advises borrowers and lenders on the spectrum of banking and finance transactions, standing out for housing English law specialists in Warsaw, including financing expert Dan CockerArkadiusz Pędzich leads on complex restructurings and handles various financing matters, including in relation to export finance; Tomasz Kawczyński leads on project finance; while Piotr Lesiński, who focuses on capital markets transactions, provides regulatory advice on financing, as well as assisting clients with structured finance transactions. Senior associate Anna Mądra is noted for her involvement in a variety of transactions, spanning leveraged finance, real estate finance and restructurings.

Practice head(s):

Arkadiusz Pędzich; Tomasz Kawczyński; Piotr Lesiński; Dan Cocker

Key clients

Santander Bank

European Bank for Reconstruction and Development

Société Générale

Bank Handlowy w Warszawie

ING Bank Śląski

Macquarie European Infrastructure Fund

HSBC Bank plc

mBank S.A. (Commerzbank Group)

Bank Polska Kasa Opieki Spółka Akcyjna

Aareal Bank AG

Credit Agricole Bank Polska

BNP Paribas Bank Polska

Work highlights

  • Advised the bondholders on the financial restructuring of Work Service.
  • Advised Macquarie European Infrastructure Fund, Inea and other companies from the Inea Group on the refinancing of the existing indebtedness of the group, the financing of the capital expenditure requirements and the general corporate and working capital purposes of the group.
  • Assisted HSBC Bank plc with financing the tender offer for the acquisition by Impexmetal of the shares of Alchemia

Clifford Chance

Jointly led by Grzegorz Namiotkiewicz and Andrzej StosioClifford Chance's team is noted for handling particularly complex transactions for financial institutions and corporate borrowers, including a variety of financing and refinancing agreements and debt restructurings. A major client for the group is the European Investment Bank, for which it assists with various lending transactions. Miłosz Gołąb, who was promoted to partner in May 2018, is noted for expertise in refinancing and restructuring of existing financial debt of capital groups, often involving multiple creditors.

Practice head(s):

Grzegorz Namiotkiewicz; Andrzej Stosio

Testimonials

High standards of work and professionalism, good experience and knowledge.

Andrzej Stosio has broad experience in the banking and finance sector and presents a good level of efficiency, flexibility and openness to the needs of lenders and the borrower.

Efficient management of complex deals, business focused and focused on efficient closing.

Key clients

Polpharma

Agora

Crédit Agricole Bank Polska

Santander Bank Polska

mBank

European Bank of Reconstruction & Development

Bank Pekao

Bank BGŻ BNP Paribas

ING Bank Śląski

Bank Millennium

European Investment Bank

Nykredit Realkredit

Mid Europa Partners

MCICapital

PKO Bank Polski

Work highlights

  • Advised a syndicate, including Pekao, ARP, Bank Gospodarstwa Krajowego, Santander Bank and mBank, with PKO BP as its agent, on the signing of the amended and restated credit facility agreement with Pesa Bydgoszcz S.A. concerning the granting of credit facilities of more than PLN700m to the company.
  • Acted for the European Investment Bank on granting a PLN70m facility to GreenWay, for the purpose of financing the development of the company’s charging station network in CEE and Baltic countries.
  • Assisted mBank with the financing granted to Elemental Holding, a WSE-listed company from the recycling and trade in recyclable materials sector, in the form of a PLN61m bond issuance and PLN170m term and multi-currency overdraft credit facilities.

Dentons

The team at Dentons acts as a hub for the firm's European banking and finance offering, coordinating work for its strong global network from Warsaw and utilising US-, UK-, Czech- and Slovakian-qualified lawyers within the office. It also stands out for CEE region cross-border portfolio finance transactions. The team is jointly led by Mateusz Toczyski, who also leads Dentons' European banking and finance group, and has significant experience advising on regional and Polish financing transactions; and Marcin Bartczak, who is a co-head of the firm's European financial institutions regulatory practice. Also recommended are partner Bartosz Nojek (a corporate finance expert) and counsel Tomasz Zwoliński, who joined from CMS Cameron McKenna Nabarro Olswang Pośniak i Bejm sp.k. in September 2018, and focuses on project finance.

Practice head(s):

Mateusz Toczyski; Marcin Bartczak

Key clients

BNP Paribas Bank

Bank Gospodarstwa Krajowego

Bank Pekao

Enlight Renewable Energy

European Bank for Reconstruction and Development

Helaba

HSBC Bank Polska

mBank

PKO Bank Polski

Santander Bank Polska

Work highlights

  • Advising HB Reavis on up to around €350m financing granted to three HB Reavis’ subsidiaries by a syndicate of four banks (Santander Bank, Bank Pekao, Helaba and Unicredit) for the construction of Varso Place, a HB Reavis’ flagship development in Warsaw.
  • Acted for the biggest energy group in Poland, PGE Polska Grupa Energetyczna, on a PLN4.1bn financing transaction, one of the largest revolving credit facilities issued in Poland in 2018.
  • Advised a syndicate of banks, including Bank Pekao, Česká Spořitelna, PKO Bank Polski and ING Bank Śląski, on the refinancing of existing indebtedness and the financing of the organic growth of AmRest Group in Poland, as well as in other European countries, including Spain, Russia, Czech Republic, Hungary, Germany, France and Romania.

Baker & McKenzie Krzyżowski i Wspólnicy Spółka Komandytowa

In additional to financing work, which spans project, acquisition, real estate, trade and corporate finance, the team at Baker & McKenzie Krzyżowski i Wspólnicy Spółka Komandytowa has a strong regulatory practice. The group also regularly handles syndicated financing and refinancing transactions, as well as securitisations and financial restructuring. On the regulatory front, the group is often instructed on the development of new financial products and services, as well as maters pertaining to e-finance. Banking litigation is another area of expertise, and lawyers regularly defend Polish banks against claims brought by their customers. Key to the firm's offering is its cross-border banking and finance capability, which draws on its global network. Ireneusz Stolarski heads the department, which lost Tomasz Kaczmarek to DWF Poland Jamka Sp.k in September 2019.

Practice head(s):

Ireneusz Stolarski

Testimonials

This is the top team in Warsaw with respect to finance. they understand the client and have deep knowledge of the renewable sector in Poland.

Irek Stolarski – exceptional lawyer. he knows how to find the right solution for the problems during negotiations.

Well composed senior team.

Very professional, experienced team.

Krzysztof Haladyj – very experienced, responsive, knowledgeable.

Key clients

Suez Zielona Energia

Suez Polska

Bank BGŻ BNP Paribas

Credit Agricole

ABC Data

PKO Bank Polski

Bank Pekao

Mashav Energia/Mashav Potęgowo

NWAI Brokerage House

Work highlights

  • Assisted Suez Zielona Energia with the financial closing of a PPP project worth over PLN877.6m and ongoing advice on financing issues (including planned refinancing with EU Grant) until project completion date and all ongoing financing issues throughout the operational phase of the project.
  • Assisting PKO Bank Polski, as the lender with a EUR60m financing of a new films production plant development in Poland for Flex Films Europa.
  • Advising Mashav energia and Potęgowo Mashav on EUR283m financing for the development of the Potęgowo wind farm project.

CMS Cameron McKenna Nabarro Olswang Pośniak i Bejm sp.k.

The team at CMS is led by transactional finance expert Michał Mężykowski. The group advises financial institutions and corporate borrowers on financing arrangements for acquisitions, real estate, projects and exports, as well as advising on bond issuances, restructurings and structured finance. Alongside the transactional practice, the group also assists clients with financial regulatory issues - a capability cemented by the arrival from Dentons of counsel Marek Trzos Rastawiecki in June 2019, who now leads the regulatory sub-team.

Practice head(s):

Michał Mężykowski

Testimonials

Very good knowledge of the documentation requirements and ability to drive the documentation without supervision, with no risk of derailing the transaction.

It’s immediately visible that the team has a great experience on Polish financing market.

Michał Mężykowski is a true leader, respected by his lawyers, clients and even competitors.

Key clients

mBank S.A.

ING Bank Śląski S.A.

Bank BNP Paribas

Bank Polska Kasa Opieki

PKO BP

Santander

Bank Gospodarstwa Krajowego

Erste Bank

HypoNoe

Credit Agricole

Aareal Bank

EBI

Work highlights

  • Advising Bank Pekao on financing granted to Echo Investment for the development of Face2Face Business Campus in Katowice.
  • Acting for HSBC on the acquisition finance for Philippines-based Isoc Group for the acquisition of Business Garden in Wroclaw by Isoc Group.
  • Advising the mBank on the financing for Modus’ acquisition of a portfolio of photovoltaic power plants.

DLA Piper

DLA Piper's team is composed of experts in financing, projects and restructuring, giving it the edge in project finance transactions, with a particular focus on real estate. The group has also developed a strong securitisation practice, taking instructions on securities-backed loan agreements, major securitisation projects and, increasingly, securitisation of non-performing loans. Another niche for the firm is export finance transactions, in which the group assists Polish exporters and their supporting banks. Mariusz Hyla leads the team. Senior associate, Katarzyna Wacławek has notable transactional and regulatory experience.

Practice head(s):

Mariusz Hyla

Testimonials

Always up-to-date market know how and business-oriented.

They are easy to work with, flexible and responsive.

Excellent quality for reasonable fees.

Katarzyna Waclawek is a pragmatic, experienced and responsive lawyer with business approach and ability to get things done in a timely and professional manner.

Key clients

Alior Bank

Allianz

Berlin Hyp

Capital Park

CitiBank

European Investment Bank

Globalworth

Helaba

Hines

PGE Polska Grupa Energetyczna

PGNiG Technologie

Polpharma

PZU

Pekao

Santander Bank Polska

Work highlights

  • Advised Santander Bank Polska (agent), Bank Polska Kasa Opieki, Helaba and UniCredit on EUR350m bridge financing for HB Reavis Group’s Varso project.
  • Acting for Aareal Bank on the Polish aspects of the provision of a complex five-year term debt facility of up to EUR800m to certain funds affiliated with Apollo Global Management.
  • Advising Industrial and Commercial Bank of China (Europe) on the renegotiation of bilateral financing, a bank guarantee, and other financial instruments granted to Famur.

Domanski Zakrzewski Palinka

Domanski Zakrzewski Palinka has a diverse department which advises on the spectrum of finance transactions and restructurings, as well as on M&A in the financial sector. Areas of note for the firm span debt financing and restructuring, municipal project financing, equity financing and financial asset transactions. Key clients include banks and their subsidiaries, financial holdings, investment funds, brokers and investment companies, as well as a range of corporate borrowers. The team is led by Magdalena Skowronska, who leads on significant regulatory mandates, as well as handling financing issues. Senior associate Tomasz Kalicki has developed a strong transactional practice.

Practice head(s):

Magdalena Skowrońska

Key clients

Zarząd Komunalnych Zasobów Lokalowych

Goldman Sachs

Raiffeisen Bank Polska

Wielton

Getin Noble Bank

Idea Bank

Work highlights

  • Advised – Zarząd Komunalnych Zasobów Lokalowych  on its PLN178m loan agreement with the European Investment Bank.
  • Assisted the management board of Raiffeisen Bank Polska with the demerger and transfer of its core business to BGŻ BNP Paribas.
  • Advised Goldman Sachs on £475m refinancing transactions for Orion Group, without the need to replace the existing collaterals with new ones.

Greenberg Traurig Grzesiak sp. k.

Greenberg Traurig Grzesiak sp. k. has developed a strong offering for debt financing, advising borrows, lenders and sponsors on transactions under Polish, English and New York law. The group handles acquisition finance, high-yield offerings, bridge and mezzanine financing, real estate financings and financial restructuring. Regulatory work is another competency, and the group is often called upon in corporate reorganisations and transformations in the banking and financial sector. It is also at the forefront of the fintech sector and has experience of banking digitisation projects. The team is led by Andrzej Wysokiński, who advises on transactions and contentious banking issues. Aleksander Janiszewski is another name to note for domestic and cross-border finance, as well as venture capital finance. Agnieszka Stankiewicz is a real estate finance specialist.

Practice head(s):

Andrzej Wysokiński

Key clients

Cyfrowy Polsat Group

BNP Paribas Group

Innova Capital

Newbridge Poland

Société Générale

CCC

Roust Corporation

Crédit Agricole Corporate and Investment Bank

Tele-Fonika Kable

Lloyds Bank Plc

Robyg

Credit Suisse

Work highlights

  • Acted for BNP Paribas Group on structuring and negotiating the acquisition of the core banking business of Raiffeisen Bank Polska and the related PLN430m equity investment by the European Bank for Reconstruction and Development.
  • Advised Société Générale as its Polish counsel on the PLN1.8bn sale of Euro Bank to Bank Millennium.
  • Advised Deutsche Bank Ag on the PLN1.3bn sale of its Polish Private and commercial bank business to Santander Bank Polska.

Hogan Lovells (Warszawa) LLP

Key areas of expertise for Hogan Lovells (Warszawa) LLP are bond issuances, securitisations, real estate finance and real estate and infrastructure financing. The group is also active in debt restructuring for companies in distress and involved in bankruptcy proceedings. Regulatory work includes assisting financial institutions with banking products, offering regulatory advice on new and existing services. Piotr Zawiślak, who specialises in banking and debt capital markets, leads the team alongside Rafał Grochowski, who is regularly instructed on debt restructuring issues.

Practice head(s):

Piotr Zawislak; Rafał Grochowski

Key clients

Bank Polska Kasa Opieki

Bank Gospodarstwa Krajowego

Alior Bank

mBank

Bank BGŻ BNP Paribas

Powszechna Kasa Oszczędności Bank Polski

DnB Bank Polska

ING Bank Śląski

Bank Handlowy w Warszawie

Work highlights

  • Advising Citigroup Global Markets on the synthetic securitisation of business loans to Alior Bank worth PLN1.5bn.
  • Acting for Isoc Group on its acquisition financing for a business park in Silesia.
  • Advising mBank on two loan facilities to ASM Group and German BidCo.

Linklaters

Linklaters advises banks, corporates, sponsors, as well as funds and other indirect lending institutions, on a range of transactions, often involving the real estate sector. Drawing on strong Polish and English law capabilities, the team is also noted for cross-border transactions and multi-jurisdictional regulatory issues, particularly in relation to risk management, banking secrecy and outsourcing. Department head Jarosław Miller has expertise in banking and finance transactions, corporate recovery and debt instruments. English-qualified solicitor Adrian Horne assists banks and financial institutions with finance matters.

Practice head(s):

Jarosław Miller

Testimonials

The team provides comprehensive legal advice, including all aspects related to the problem and business environment.

Patience, inquisitiveness, attention to detail, a multilateral view of the problem.

Solution oriented, capable of handling larger transactions and financings.

Key clients

PKO Bank Polski

Pojazdy Szynowe PESA Bydgoszcz

Polski Fundusz Rozwoju

EPP NV

Santander Consumer Bank

Bank Pekao

ING Bank Śląski

Santander Bank Polska

Bank Gospodarstwa Krajowego

BNP Paribas Bank Polska

Work highlights

  • Advising EBRD, as lender, on an English law-governed $56m secured project loan to Ukrainian subsidiaries of Kernel Holding for the construction of four biomass plants in Ukraine.
  • Assisted Patron Capital with respect to its acquisition of one of the most luxurious hotels in Poland, a five-star Sheraton located in Warsaw’s city centre.
  • Advising ECE European Prime Shopping Center Fund II, a fund managed by ECE Real Estate Partners, on the financing of the purchase of two shopping centres, with acquisition finance provided by Landesbank Hessen-Thüringen Girozentrale.

Norton Rose Fulbright

Norton Rose Fulbright's team handles a variety of finance transactions, with niches in trade and commodity finance and asset finance, where clients include LOT Polish Airlines. Drawing on the firm's international presence, the group also advises on the Polish aspects of cross-border finance transactions. The department is led by Grzegorz Dyczkowski, who is instructed by a mixture of corporate borrowers and financial institutions. Counsel Tomasz Rogalski is also noted.

Practice head(s):

Grzegorz Dyczkowski

Testimonials

The team is very responsive and patient

Tomasz Rogalski takes an active role finding the most feasible transaction structure, having in mind its commercial aim and rationale

Key clients

BNP Paribas Bank Polska

Bank Gospodarstwa Krajowego

Bank Polska Kasa Opieki

Commerzbank Group

HSBC

Industrial and Commercial Bank of China

LOT Polish Airlines

PKO Bank Polski

Santander Bank Polska

DNB Bank Polska

Credit Agricole Bank Polska

Tauron Polska Energia

Europejski Fundusz Leasingowy

European Bank for Reconstruction and Development

The Goldman Sachs Group

Bank Millennium

Work highlights

  • Advised LOT Polish Airlines on operating leases for 15 aircraft.
  • Acted for BGK on a credit facility for Tauron Polska Energia.
  • Advised Grupa Lotos on its $500m refinancing of the 10+ Program,

Soltysinski Kawecki & Szlezak

Soltysinski Kawecki & Szlezak houses a strong dedicated financial regulatory team, which principally advises banks and investment firms on matters including licensing and compliance. The group has developed a niche in a number of areas, including Payment Services Directive (PSD2) implementation, financial services-related advice on Brexit preparations, and fintech - drawing on the firm's strengths in TMT. In addition to advisory work, the group also handles financing transactions for a range of financial institutions, particularly in the real estate sector. Department head Marcin Olechowski plays a leading role in a number of the team's regulatory mandates, and is ably supported by transactional lawyer Tomasz Kanski.

Practice head(s):

Marcin Olechowski

Testimonials

The team showed great commitment and a can-do approach.’

Great quality of advice in the regulatory and fintech area.

Have always provided a very prompt, very business-focused service, orientated around finding solutions and agile enablement.

Key clients

ING Bank Hipoteczny

Goldman Sachs Bank Europe SE

FCA-Group Bank Polska

Mastercard Europe

mBank

Bank Handlowy w Warszawie

Santander

Polish Bank Association

Bank of China (Luxembourg)

Alior Bank

Bank Pocztowy

Bank Millennium

Getin Noble Bank

MUFG Bank (Europe)

Toyota Bank Polska

Profi Credit Polska

Allied Irish Banks plc

Work highlights

  • Assisting ING Bank Hipoteczny with the establishment of a mortgage bank, including structuring, corporate, documentation, and representation in the licensing process before the Polish regulator.
  • Advising Goldman Sachs on the Polish regulatory implications of its Brexit-related restructuring of European operations and establishment of new Polish branch office of German-based bank.
  • Assistance to the European Investment Bank with financing granted to a medical university in Western Poland for the purposes of development of educational facilities.

White & Case M. Studniarek i Wspólnicy - Kancelaria Prawna sp.k.

White & Case M. Studniarek i Wspólnicy - Kancelaria Prawna sp.k.'s team predominantly advises banks and other financial institutions operating in Poland, with particular acumen in English law-governed transactions around the CEE region. Key areas of expertise include project finance, and the team is active in the energy and infrastructure sector. Polish and English law-qualified practice head Tomasz Ostrowski has a strong transactional practice, and is supported by project and export finance specialist Nicholas Coddington (who is also qualified in English law). Aneta Urban is another name to note for finance transactions.

Practice head(s):

Tomasz Ostrowski

Testimonials

I can appreciate the dedication and engagement as well as the proper know-how in solving the issues.

Highly dedicated to projects, holding at the same time decent expertise.

Key clients

Santander Bank Polska

mBank

Bank Pekao

Berlin Hyp

Bank BGŻ BNP Paribas

Bank Gospodarstwa Krajowego

ING Bank Śląski

PKO BP

EBRD

Panattoni Europe

Work highlights

  • Advised a consortium of lenders including Bank BGŻ BNP Paribas, Bank Gospodarstwa Krajowego and PKO BP as the lenders on the PLN413m facilities extended to Wielton, to refinance the acquisition of Lawrence David Limited as well as to finance investment expenditure and the company’s working capital.
  • Acted for a consortium of leading global financial institutions including mBank, Bank Gospodarstwa Krajowego, Santander Bank Polska and the EBRD as lenders on the €60m refinancing of the indebtedness of the Cognor Group arising from senior secured bonds
  • Advised Bank Polska Kasa Opiekias lender on the PLN175m financing for the acquisition of Exact Systems and the shares in its German subsidiary by the managers of Exact Systems and CVI Dom Maklerski.

Bird & Bird Szepietowski i wspólnicy sp. k.

Bird & Bird Szepietowski i wspólnicy sp. k. stands out for its ability to provide banking regulatory advice to a variety of banks, insurance companies, lending companies, investment funds and brokerage houses. The group has drawn on the wider firm's expertise in technology to carve out a niche in fintech, and regularly advices on new services and products in the area, in addition to assisting more traditional financial institutions with IT outsourcing implementation. The group also has substantial experience representing financial institutions in proceedings initiated by the Polish Financial Supervision Authority. Managing partner of the Warsaw office Sławomir Szepietowski leads the department and regularly handles financing transactions, as well as coordinating the team's regulatory work. The team was joined by of counsel Aleksandra Widziewicz and senior associate Olga Koszewska from G-Rock and act BSWW respectively.

Practice head(s):

Sławomir Szepietowski

Testimonials

The team has a unique practical knowledge concerning practice in payment services area.

They try to understand the client’s expectations and business assumptions and do their best to work out most suitable solutions.

All their lawyers are very business-oriented, looking for solutions most suitable for the client’s needs.

Key clients

Bank Gospodarstwa Krajowego

Bank of China

DNB Bank Polska

European Bank for Reconstruction and Development

ING Bank Śląski

Kreos Capital

mBank Hipoteczny

mBank

Orlen Południe

Polish API

Polski Koncern Naftowy Orlen

Rainbow Tours

Work highlights

  • Advising on the PolishAPI project, which creates one of the main European standards of the dedicated interface under PSD2
  • Acted for the European Bank for Reconstruction and Development on two cross-border financings: one for Modern-Expo Group and one for Soufflet Agro Group.
  • Advised Bank Pocztowy on the implementation of the local provisions of the MiFID II package.

Gide Loyrette Nouel

Gide Loyrette Nouel's main focus is transactional work for a range of banks, insurance companies, leasing companies, financial institutions and private equity funds with operations in Poland. Regulatory work is also a feature of the practice, and the group is often called upon to advise on day-to-day issues. The team is led by Paweł Grześkowiak, whose expertise in banking and finance is supported by experience in private equity and M&A transactions. Associate Mateusz Gronau is another name to note; he has experience of a ranged of secured and structured finance transactions.

Practice head(s):

Paweł Grześkowiak

Testimonials

Very good banking & finance team that focuses on understanding of our business and needs.

Mateusz Gronau combines expert knowledge in the field of financing transactions with quick reactions and ability to find common ground between parties in tense situations.

We really enjoy working with them on real estate & financing projects.

Its key strengths are: commitments to deliver the best legal and transactional solutions, professional advice provided in a timely manner, focus on clients’ needs and objectives.

Key clients

Unibail-Rodamco-Westfield

Credit Agricole Bank Polska

mBank

PKO BP

Bank Polska Kasa Opieki

KGHM Polska Miedź

BNP Paribas Bank Polska

Atlantex

Chassis Brakes International

Orpea Polska

Pekao Leasing

Santander Bank

Work highlights

  • Advised Unibail-Rodamco-Westfield on the refinancing of one of Poland’s most prestigious shopping centres through a €200m credit facility granted by Commerzbank.
  • Assisted Credit Agricole Bank Polska with a bridge loan granted to finance the construction costs of the “Alchemia IV” business centre in Gdansk.
  • Advised KGHM on a $50m revolving facility from Santander Bank Polska.

Rymarz Zdort

Rymarz Zdort is noted for acting as debtor's counsel in major insolvency restructurings, in addition to servicing borrowers and lenders across a range of financing transactions. The department also houses a strong regulatory practice, which advises on new financial products and the establishment of financial institutions, as well as the regulatory aspects of banking M&A. The group is jointly led by Marcin Iwaniszyn, whose experience includes project finance, capital funding and refinancing deals, and Zofia Frydrychowicz (a transactional partner who is regularly instructed by borrowers, lenders and issuers of domestic and international bond offerings).

Practice head(s):

Marcin Iwaniszyn; Zofia Frydrychowicz

Key clients

Banco Santander

Bank Pekao

ILF Consulting Engineers Polska

Luma Investment

Mid Europa Partners

Polskie Gornictwo i Gazownictwo

Sanok Rubber

Sygnity

Work highlights

  • Advised Ciech on PLN500m equivalent revolving credit facilities granted by Bank Pekao, BNP Paribas Bank Polska and Banco de Sabadell.
  • Advised Sklejka-Pisz and its affiliates on the refinancing of its financial indebtedness.
  • Assisted Polski Fundusz  Rozwoju with financing and refinancing of credit facilities and bank and insurance guarantees granted to Pesa Bydgoszcz.

Wardynski & Partners

Wardynski & Partners' group focuses on structured finance transactions, often with a cross-border component, and debt restructuring deals. It also has a strong track-record in securitisations, real estate financing, acquisition financing, high-yield bond financing and asset financing. In addition to traditional finance work, the firm has developed a strong fintech practice, assisting clients with payment services and consumer finance matters. Łukasz Szegda heads the department and is noted for his experience in debt restructuring projects for Polish banks, borrowers and consumer finance companies.

Practice head(s):

Łukasz Szegda

Testimonials

The company provides a comprehensive approach to non-standard cases in the area of banking, restructuring and financing of real estate.

The team provides high quality advice at a level comparable to top tier finance practices at a competitive cost

An easy to work with team that always delivers, very responsive and generally fun to work with.

Key clients

Santander Bank Polska

ING Bank Śląski

Bank Pekao

BNP Paribas Bank Polska

BAIN

Fortress

Erste Bank

Apollo Global Management

Profi Credit Polska

EOS

FactoFrance

Golem Factory

Work highlights

  • Advised Nałęczów Zdrój on PLN500m financing and refinancing from a consortium of three banks led by BNP Paribas Bank Polska.
  • Advised BNP Paribas Bank Polska, Bank Millennium, Santander Bank Polska and Powszechna Kasa Oszczędności Bank Polski on the restructuring of Work Service.
  • Acted for Deutsche Bank Luxembourg as a facility and security agent on a revolving credit facility agreement entered into between, among others, SGL Carbon SE as the original borrower and original guarantor, certain subsidiaries of SGL Carbon SE as original borrowers and original guarantors.

WKB Wiercinski, Kwiecinski, Baehr

WKB Wiercinski, Kwiecinski, Baehr's team has experience of large-scale banking and finance transactions, in which its knowledge of regulatory issues comes to the fore. The group is increasingly active in the fintech arena, regularly advising Polish companies in the sector on their expansions and in their communications with the Polish regulators. Practice head Marcin Smolarek focuses on project finance, debt restructuring, distressed debt and financial litigation. Counsel Michał Kalicki is also noted.

Practice head(s):

Marcin Smolarek

Key clients

Toys “R” Us

Fiserv Inc.

Polskie ePłatności

Pfisterer Group

Work highlights

  • Advised Toys “R” Us, as local counsel, on a $896m bridge financing, in particular on the Polish security documents entered into by the Polish entities.
  • Acted for Finserv on regulatory advice relating to its acquisition of First Data Corporation.
  • Assisted cashless payment operator Polskie ePłatności with its acquisition of PayUp from Eurocash and Billbird from IGT Global Services.

Deloitte Legal, Pasternak, Korba i Wspólnicy Kancelaria Prawnicza sp.k.

Deloitte Legal, Pasternak, Korba, Moskwa, Jarmul i Wspólnicy Kancelaria Prawnicza sp.k.'s team is noted for handling multi-disciplinary regulatory projects for a range of financial institutions, as well as corporate group restructuring. It is also increasingly advising lenders and borrowers on financial and non-performing loan transactions, securitisations and sub-participation schemes. Zbigniew Korba leads the team, which was strengthened by the arrival of Agnieszka Ziółek from CMS Cameron McKenna Nabarro Olswang Pośniak i Bejm sp.k. in January 2019.

Practice head(s):

Zbigniew Korba

Testimonials

Professional approach to customers needs and flexibility in service shaping.

Human approach, experienced professionals, uniquely experienced in banking and real estate.

Agnieszka Ziółek is professional and supportive. Devoted and involved to the process and problem solving.

Key clients

PKO BP

Santander Bank Polska

Caterpillar Financial Services

Alior Bank

ING Bank Śląski

TUW Polski Zakład Ubezpieczeń Wzajemnych

mBank

Svenska Handelsbanken

Raiffeisen Bank International AG Branch in Poland

Prime Kapital

Mercedes-Benz Bank Polska

Toyota Bank Polska

FCE Bank Branch in Poland

Bank of China Branch in Poland

Bank Handlowy w Warszawie

PZU

The Prudential Assurance Company, Branch in Poland

Credit Agricole Bank Polska

Deutsche Bank Polska

Alphabet Fleet Management

Work highlights

  • Advised Santander Bank Polska on changes to a financing agreement for Pałac Wojanów.
  • Assisted Alior Bank with real estate financing granted to the Młyn Maria residential investment project in Wrocław.
  • Advised Ryszard Maryka, the controlling shareholder of Vistal Gdynia on financial restructuring within the framework of the remediation procedure for approximately PLN400m.

Kochanski & Partners

Kochanski & Partners' key competencies include real estate finance, acquisition and asset financings, refinancing and financial restructuring. The group also has a regulatory practice, which has expertise working on PSD2 implementation projects, as well as banking-related cloud computing projects. Promoted to partner in July 2019, Agnieszka Serzysko leads the team, drawing on experience of cross-border projects. Olgierd Świerzewski is another key name, and regularly advises foreign corporates on financing for their investments in Poland.

Practice head(s):

Agnieszka Serzysko

Testimonials

Kochanski & Partners is a practical and results-oriented team. The law firm has a solid expertise in financial services, excellent availability and provided top-level advice at a reasonable cost.

I would like to mention PhD Agnieszka Serzysko, a great professional. She has a strong expertise in financial regulation and, in my particular case, excellent expertise in fintech matters (PSD2). She was very efficient and provided accurate and tailor-made legal documentation.

Key clients

Davidson Kempner Capital Management

ING Lease

ING Finance

Bank Millennium

Credit Information Bureau

Deutsche Hypothekenbank

IKB Deutsche Industriebank AG

Griffin Real Estate

Work highlights

  • Advising the borrower on a restructuring process of a financing granted by Bank Gospodarstwa Krajowego and PKO BP for the refinancing of the Raiffeisen Business Center office building in Warsaw.
  • Assisting Deutsche Hypothekenbank with the real estate refinancing transaction of the Green Corner office building in Poland.
  • Advising ING Lease and ING Finance on several bank restructuring projects, including representing the client as a creditor in restructuring and bankruptcy proceedings of its debtors.

Radzikowski, Szubielska i Wspólnicy sp.k.

Real estate financing is a core competency of Radzikowski, Szubielska i Wspólnicy sp.k.'s team, which also regularly handles refinancing projects. In particular, the group has experience in financing for residential projects, advising both major Polish banks and Polish developers. Another area of expertise is advising banks on financing for office and retail developments. Martyna Kamińska-Tabaka and Agnieszka Piasecka jointly lead the practice.

Practice head(s):

Martyna Kamińska-Tabaka; Agnieszka Piasecka

Testimonials

I believe their experience lets them work on complicated and requiring specialist knowledge matters.

I appreciate Martyna Kamińska-Tabaka’s profound knowledge and transactional experience. She is a very professional, talented and business oriented lawyer.

Key clients

Santander Bank Polska

Alior Bank

Futureal Group

Polchar

Work highlights

  • Advised Polchar and its affiliated entities on loan financing granted by one of the major Polish banks for the Polchar’s current operations, future investments and the refinancing of its existing financing as well as with the factoring agreement.

Schoenherr Stangl sp.k.

Schoenherr Stangl sp.k.'s practice spans all aspects of banking and finance law, with experience in matters relating to project finance, structured finance and acquisition finance. The group also advises on banking law issues and on sale and purchase transactions for loan receivables and collateral. Managing partner Paweł Halwa leads the team, which welcomed counsel and restructuring and insolvency expert Daniel Radwański from Dentons in November 2018.

Practice head(s):

Paweł Halwa

Testimonials

Fast and business oriented approach to any kind of legal issues. Not creating unnecessary issues when there are none, but focusing on what is important.

Pawel Halwa is highly motivated and dynamic, super clever, but always a modest negotiation partner and manager.

Agata Demuth is efficient, detailed when she needs to be, but not afraid to make a decision to make a deal happen.

Squire Patton Boggs Krześniak sp.k.

Two areas of expertise central to Squire Patton Boggs Krześniak sp.k.'s practice are project finance and cross-border finance. In relation to project financing, the team has experience of advising on major public-private partnerships in the healthcare and energy sectors. For cross-border finance, the group draws on the firm's strong presence in the US to act as Polish counsel for large debt and capital markets transactions, as well as commercial bank financings from European lenders. Project finance and privatisation expert Peter Swiecicki leads the team.

Practice head(s):

Peter Swiecicki

Key clients

InterHealth Canada

Enerco

Invenergy

Kaefer Isoliertechnik

Work highlights

  • Advised InterHealth Canada, as the borrower, on its PPP healthcare project in Poland (Zywiec Hospital), a project financed by the Bank for National Economy.
  • Assisted a leading global pharmaceutical company with the issuance of unsecured senior notes.
  • Advised Kaefer Isoliertechnik on a refinancing project, including cross-border guarantees and security granted by members of the Kaefer Group.

Wolf Theiss

The team at Wolf Theiss is led by Przemysław Kozdój  and is most noted for real estate, acquisition finance and regulatory matters, although it also assists companies with financial restructuring. Clients include foreign and domestic banks and a variety of investors. Senior associate Michał Kulig  is an expert in real estate finance, with experience in high-value leveraged transactions.

Practice head(s):

Przemysław Kozdój

Eversheds Sutherland Wierzbowski

Michał Markowski leads Eversheds Sutherland Wierzbowski's banking and finance department, which handles financing and regulatory issues, with stand-out expertise in project finance, financial services regulation and anti-money laundering issues. The group, which sits within the firm's global offering, is able to provide cross-border advice, and regularly handles multi-jurisdictional financing work.

Practice head(s):

Michał Markowski

Key clients

Alior Bank

mBank Hipoteczny

American Express Poland

Ghelamco

Avis Poland

First Data

General Directorate for National Roads and Motorways

mBank

Work highlights

  • Advised Ghelamco on a loan agreement for financing and re-financing of the construction of an office building, big Kraków.
  • Assists Schroders Investment Management with regulatory issues and its investments in Poland.
  • Acting for BGK Nieruchomości on various real estate finance transactions.

FKA Furtek Komosa Aleksandrowicz

FKA Furtek Komosa Aleksandrowicz is most noted for banking regulatory work (advising the Polish Leasing Association on the regulatory environment), although it has also developed a strong transactional banking practice, as well as handling foreign exchange derivative disputes. The department is jointly led by name partner Marek Furtek, an experienced banking disputes expert, and Leszek Rydzewski, whose focuses include project finance and financial restructuring.

Practice head(s):

Marek Furtek; Leszek Rydzewski

Testimonials

Fast, very good value for the money, very good knowledge of LMA standard. Business driven.

Key clients

Alior Bank

ZPL (Polish Leasing Association)

mBank

BOŚ Bank

Bank Millennium

BNP Paribas Bank Polska

Ferratum Bank

Work highlights

  • Advised a group of Spanish lenders, led by Banco Santander, on restructuring the financial indebtedness of a Spanish construction and infrastructure group, with respect to a Polish-law security to be established over assets in Poland.
  • Acted for Alior Bank on loan documentation connected with the merger of project companies (as the borrowers) operating wind farms.
  • Advising the Polish Leasing Association on regulation and changes in legislation.

Penteris

Following the departure of Marek Król to D.Dobkowski SP.K. in association with KPMG Poland in June 2019, the team at Penteris is led by Katarzyna Sawa-Rybaczek, who has a strong track record in real estate, acquisition and asset finance. The group assists borrowers and lenders with a range of projects, and is often instructed on matters with cross-border elements.

Practice head(s):

Katarzyna Sawa-Rybaczek

Key clients

ING Bank Śląski S.A.

Octava Property Trust

Octava S.A. (Elliott Associates Group)

Immofinanz

Vastint Poland

Work highlights

  • Advised ING Bank Śląski S.A. on the financing of VAT on the purchase price of a property acquired by a borrower.
  • Assisted Octava Property Trust with drafting and negotiating finance documentation for the change of the structure of real estate financing.
  • Ongoing legal advice to a bank.

PwC Legal Żelaźnicki sp.k.

PwC Legal Pawlowski Zelaznicki Sp. K's financial services group stands out for financial regulatory matters, with a particular focus on the implementation of EU law in financial and capital markets. Recent work includes advising Polish bank, PKO BP, on the establishment of a branch in the UK and on the possible legal implications of Brexit; a matter that was led by department co-head Mateusz OrdykAleksandra Bańkowska, who also leads the team and was promoted to partner in October 2019, has experience in banking transactions, regulatory compliance and representing clients before the Polish Financial Conduct Authority.

Practice head(s):

Mateusz Ordyk; Aleksandra Bańkowska

Key clients

BitBay

FCA-Group Bank Polska

Powszechna Kasa Oszczędności Bank Polski

Skanska TFI

Solven Finance

Unilink

Work highlights

  • Advised BitBay on regulatory compliance in relation to its cryptocurrency exchange business in Poland.
  • Advised FCA-Group Bank Polska on a cross-border project involving the process of designing and implementing of new insurance distribution model for PPI, property and moto-insurance products.
  • Assisted PKO BP with regulatory advice concerning the establishment of a branch in the UK and the possible legal impact of Brexit.

SSW Pragmatic Solutions

SSW Pragmatic Solutions is noted for its ability to advise banks and financial institutions on commercial and tax law, in addition to assisting clients with the spectrum of financing matters. The group is well versed in advising corporates on acquiring financing, including via bond issuances. The department is jointly led by finance expert Wojciech Szczepaniak and regulatory specialist Szymon Okoń.

Practice head(s):

Wojciech Szczepaniak; Szymon Okoń

Testimonials

Very strong team, extremely hard working.

Szymon Okoń is a very experienced person who really takes care of the clients when it comes to negotiations.

We really appreciate their team. They are very responsive and have a commercial approach.

Key clients

Polenergia

BPM Capital

Stelmet

Alior Bank

MobileWeb Pro

Krynica Vitamin

Bioeton Group

Impexmetal

Boryszew

Wojciech Gurgul, Paweł Gurgul

Marie Brizard Wine & Spirits Group

Europa Systems SPV

Rank Progress

Paged

GetBack

Eurocent

Vantage Development

Netmedia

Larq

Unilink

Browar Kościerzyna

Investments Funds managed by Credit Value Investments

VOX capital group

Santander Bank Polska

Work highlights

  • Advised Polenergia and its subsidiaries on the restructuring of loans granted for financing wind power projects.
  • Acted for Impexmetal on financing for the acquisition of its own shares.
  • Advises Santander Bank Polska and its subsidiary on the sale of its transfer agent division to ProSevice, a transaction with a focus on banking regulatory requirements.

act BSWW

BSJP Brockhuis Jurczak Prusak Sroka Nilsson Sp. k.

Czabanski Galuszynski & Partners