Banking and finance in Poland

Allen & Overy, A. Pedzich sp. k.

Allen & Overy, A. Pedzich sp. k. is ‘among the best in the market‘ for banking and finance, with its team being noted for its ‘proactive and constructive approach‘, as well as its English law capability, which is brought to bear in cross-border financings. The firm's wide-ranging workload spans areas such as project finance, real estate finance, acquisition finance and asset finance, among others. In 2020, the team advised the Polish Development Fund on the implementation of the government’s financial shield for small and medium-sized enterprises, in response to the Covid-19 pandemic. Arkadiusz Pędzich has a broad transactional practice and co-heads the team with project finance specialist Tomasz Kawczyński, Piotr Lesiński; and English-qualified partner Dan Cocker, who leads on CEE and SEE regional finance deals. Counsel Anna Mądra is another key practitioner.

Practice head(s):

Arkadiusz Pędzich; Tomasz Kawczyński; Piotr Lesiński; Dan Cocker

Other key lawyers:

Anna Mądra; Renata Żak-Błażejczyk; Karolina Piórkowska-Grynkiewicz

Testimonials

‘Very experienced and professional team. Among the best on the market.’

‘Individuals are fully engaged, very communicative and responsive. The ones with whom we work have a really strong experience and are masters in their job.’

‘I worked with Allen & Overy, A.Pedzich sp.k. several times on various projects. I think the most valuable feature of this firm and the people I worked with was the proactive and constructive approach, the desire to propose and find the solution acceptable to all the parties. This is not always the case with regard to other legal firms, which sometimes are more focused on identifying the problem but not necessarily the solution.’

‘Tomasz Kawczynski, partner – very engaged and always hands-on in each project. Very professional, composed amd instilling trust. Renata Zak-Blazejczyk, Senior Associate – hardworking, committed, tenacious.’

‘In my opinion, Allen & Overy is the leading banking & finance law firm on the Polish market. The quality of advice provided can hardly be matched by other players on the market. We always turn to A&O team for advice on our strategic projects.’

‘Tomasz Kawczyński is the leading banking & finance practitioner at Allen & Overy Warsaw. His knowledge is extensive and he is a great negotiator. He goes the extra mile to understand the client’s business and to be able to provide the best advice possible. He is a Tier 1 lawyer in banking & finance in Poland. Karolina Piórkowska-Grynkiewicz is a promising lawyer and a great A&O’s banking and finance team member. She is very smart, well organised and really good to work with.’

Key clients

Santander

mBank

PKO Bank Polski

Bank Pekao

ING Bank Śląski

BNP Paribas

Société Générale

Bank of America

Credit Agricole Bank Polska

EBRD

Aareal Bank

Polish Development Fund S.A.

Coöperatieve Rabobank U.A

ABN Amro Bank N.V.

Interfood Polska

Accolade

M7

Deutsche Pfandbriefbank AG

Panattoni Development Europe

Deutsche Hypo

Work highlights

  • Advised a consortium of seventeen banks, both local and international, on a PLN 5.5 billion refinancing of Allegro group’s existing indebtedness. It was one of the biggest financings in Poland in 2020.
  • Advised ING Bank N.V., London branch acting as agent and security agent and a consortium of fourteen lenders on a PLN 3.1 billion senior facility for Edison Holdings Sarl., a portfolio company of CVC Capital Partners and its four Polish subsidiaries, including PKP Energetyka S.A
  • Advised the Polish Development Fund S.A. (PFR) in connection with the implementation of the government financial support program for enterprises called “PFR Financial Shield for Small and Medium-Sized Enterprises”, following the outbreak of the Covid-19 pandemic.

Clifford Chance

Clifford Chance‘s banking and finance department has an exceptional array of lender and corporate borrower clients, for whom it regularly handles finance transactions and restructuring work. 2020 saw a number of high-profile mandates for the group, which included advising Bank Pekao and a consortium of 15 other financial institutions on a €1.75bn multi-currency renewable loan facility to PKN Orlen. The team is jointly led by banking sector veterans Grzegorz Namiotkiewicz and Andrzej Stosio. Miłosz Gołąb is another key player, focusing on refinancing projects and the restructuring of existing capital group financial debt. Counsel Irena Floras-Goode is an expert in project and acquisition finance, and also assists with banking regulatory issues.

Practice head(s):

Grzegorz Namiotkiewicz; Andrzej Stosio

Other key lawyers:

Miłosz Gołąb; Irena Floras-Goode

Testimonials

‘The real estate finance team has an excellent understanding of the market and practice area. Client-focused, efficient, reliable and accessible.’

‘During the process of picking the legal adviser for a significant syndicated deal, which I had the pleasure to coordinate on behalf of the agent, the CC team-members were very convincing, open-minded, and much more impressive than many other well known competitors.’

‘The banking and finance team, managed by Andrzej Stosio, turned out to be very competent, open-minded, creative in preparing specific solutions that were needed to close this complicated and innovative deal.’

Key clients

Bank Polska Kasa Opieki S.A.

mBank S.A.

Santander Bank Polska S.A.

ING Bank Śląski S.A.

Bank Millennium S.A.;

European Investment Bank

European Bank for Reconstruction and Development

Allegro

Zakłady Farmaceutyczne “POLPHARMA” S.A.

CARGOUNIT

Work highlights

  • Advised the Allegro Group on the refinancing of the group’s indebtedness carried out in connection with the IPO of allegro.eu, based on a senior secured term loan in the amount of PLN 5.5 billion and multi-currency revolving credit facility in the amount equal to PLN 500 million, granted by a consortium of financial institutions.
  • Advised Bank Pekao (as financing coordinator and facility agent) and a consortium of 15 other financial institutions on the €1.75bn multicurrency renewable loan facility granted to PKN ORLEN to refinance a loan whose purpose was to finance general corporate needs and development projects.
  • Advised Zakłady Farmaceutyczne “POLPHARMA” on a term and revolving facility agreement in the aggregate amount of up to PLN 800 million granted by BNP Paribas Bank Polska, EBRD, Santander Bank Polska and PKO Bank Polski, and on a financing in the amount of up to PLN 300 million granted by the European Investment Bank.

Dentons

Dentons‘ banking and finance team was bolstered in 2021 by the arrival of Mark Segall from CMS Cameron McKenna Nabarro Olswang Posniak i Bejm sp.k.; he has expertise in cross-border syndicated lending and other structured finance transactions. The group in Warsaw is led by Mateusz Toczyski, who is also a co-head of the firm’s global banking practice. Bartosz Nojek handles syndicated lending transactions for borrowers and lenders; Piotr Nerwiński, who was promoted to partner in March 2021 is noted for his expertise in real estate finance and project finance deals. Tomasz Trocki takes the lead in consensual restructuring projects. In July 2021,Agnieszka Lipska left the firm to take up an in-house position at Enlight Renewable Energy.

Practice head(s):

Mateusz Toczyski

Other key lawyers:

Mark Segall; Bartosz Nojek; Piotr Nerwiński; Tomasz Trocki

Testimonials

‘Strong banking and energy due diligence team with sufficient capabilities to run complicated project financing in short period of time and in professional way.’

‘The biggest law firm in Poland. Full stop.’

‘Bartosz Nojek is my pleasure to work in the Dentons team. Bartek is a rising star among the lawyers specializing in banking. Huge knowledge, experience and constant commitment mean that I do not hesitate to entrust Bartek with our next projects.’

‘Understanding of client needs and acting to help customers.’

‘Pace of work. They are fast and help their clients achieved their goals.’

‘They have been very professional, efficient, commercial and focused on achieving the goals of the transaction. Our cooperation has been very smooth and effective.’

‘We have primarily worked with Piotr Nerwiński, who is very responsive, open-minded, focused on detail and on providing solid and resolving legal solutions to any situation. He is also very experienced, understands the business and brings a wealth of knowledge to his advice. He is also open to discuss the fee arrangements, shows the required flexibility on this front and full understanding on the borrower’s processes – which is extra important when, as the borrowers, we are paying legal fees of Dentons acting for the financing bank.’

Key clients

ING Bank

Qair

BNP Paribas

mBank

Santander Bank Polska

DNB Bank Polska

EKF

UniCredit

HB Reavis

EBRD

European Investment Bank

Work highlights

  • Advised financing institutions, including the EBRD, DNB Bank Polska, mBank, Bank Pekao and PZU, on the financing granted to Potęgowo Mashav for the extension of the Potęgowo wind farm, the largest wind power plant in Poland.
  • Advised a club of four banks, consisting of PKO Bank Polski, ING Bank Śląski, Santander Bank Polska and BNP Paribas Bank Polska, on €265 million refinancing of the indebtedness of Press Glass / AMG Group and the financing of its further investments, including new production plants in Lithuania and Wales. The transaction encompassed companies operating in six jurisdictions: Poland, Croatia, Luxembourg, US, United Kingdom and Lithuania.
  • Advised Qair Polska in connection with €105m financing of four wind and 29 photovoltaic power plants with a total capacity of 106 MW.

Linklaters

The team at Linklaters is integrated into the firm’s global offering for financial markets work, housing Polish and English-qualified practitioners. It advises borrowers, lenders and sponsors on Polish and regional transactions and regulatory issues. Lawyers have developed an impressive practice involving fintech, bringing together expertise in cloud computing, data protection, cybersecurity and smart contracts to assist financial institutions with operations in the sector. The team is led by Marta Domino who is regularly instructed by banks, investment funds and borrowers in domestic and international financing transactions. Consultant partner Jarosław Miller is a specialist in investment banking and debt capital markets transactions. English-qualified counsel Adrian Horne has experience in project, real estate and structured finance, as well as regularly advising on sovereign and corporate lending. Managing associate Joanna Gawlicka is a banking regulatory expert and takes the lead on fintech issues.

Practice head(s):

Marta Domino

Other key lawyers:

Jarosław Miller; Adrian Horne; Joanna Gawlicka

Testimonials

‘Very good firm providing services of top quality reasonably priced.’

‘I am mainly working with Adrian Horne. He is a top lawyer, super sharp and responsive, always level-headed even under high pressure, and business oriented. I enjoy working with him and feel in safe hands.’

‘I believe Jarosław Miller is the best Polish law professional (or one of the best) in the banking and finance practice.’

‘Jarosław Miller is goal-oriented, trying to find simple yet practical solutions, concentrating on key issues, very persuasive.’

Key clients

Bank Pekao S.A.

BNP Paribas Bank Polska S.A.

EPP N.V.

European Bank for Reconstruction and Development

ING Bank Śląski S.A.

Powszechna Kasa Oszczędności Bank Polski S.A.

Polski Fundusz Rozwoju S.A.

Santander Bank Polska S.A.

Tauron Polska Energia S.A.

Resi4Rent

Work highlights

  • Advised Polski Fundusz Rozwoju S.A., a Polish state-owned entity entrusted by the government of Poland, with an implementation of a COVID-19 driven rescue financing for LOT Polish Airlines.
  • Advised the French fund Meridiam Eastern Europe Investments S.A.S. and the Spanish company Urbaser S.A.U. in a financing for a PPP project, high-efficiency waste-to-energy CHP plant to provide district heating.
  • Advised the consortium of senior lenders in relation with  financial support from the Polish Development Fund (“PFR”) granted to Jastrzębska Spółka Węglowa S.A. under the governmental program PFR Financial Shield for Large Corporates.

Bird & Bird Szepietowski i wspólnicy sp. k.

Bird & Bird Szepietowski i wspólnicy sp. k. is most known for having developed a strong financial regulatory practice, which works alongside the firm’s renowned TMT team to advise on high-profile fintech mandates. The group also handles finance transactions for lenders and borrowers, with an impressive line in green energy financings, as well as real estate finance matters and bond issuances. Managing partner Slawomir Szepietowski leads the team and has expertise in the entry of foreign financial institutions into the Polish market. Maciej Georg heads up the financial transactional offering, focusing on property and renewable energy deals. Of counsel Aleksandra Widziewicz has banking and insurance regulatory knowledge. Senior associate Marta Stanisławska advises financial institutions on corporate governance and new product lines and services.

Practice head(s):

Sławomir Szepietowski; Maciej Georg

Other key lawyers:

Aleksandra Widziewicz; Marta Stanisławska; Olga Koszewska

Testimonials

‘Due to the knowledge about our way of working, experience and expectation the cooperation was very effective and not so much time consuming.’

‘Olga Koszewska coordinates all the issues between the B&B team and is absolute front line person for our group.’

Key clients

mBank S.A.

Bank Polska Kasa Opieki S.A.

Obton A/S

Bank Ochrony Środowiska S.A.

ING Bank Śląski S.A.

BFF Polska S.A.

Banca Farmafactoring S.p.A. Spółka Akcyjna Oddział w Polsce

Bank of China (Luxembourg) S.A./Bank of China Ltd.

Bank Gospodarstwa Krajowego

European Bank for Reconstruction and Development

Polski Koncern Naftowy ORLEN S.A.

Energa S.A.

Kreos Capital

DNB Bank Polska S.A.

Let Me Pay sp. z o.o.

NewCommerce Services sp. z o.o.

viafintech GmbH

D-Raft S.A. (The Heart Warsaw)

BondSpot S.A.

Digital Gateways sp. z o.o.

PZU Group

AIS Gateway sp. z o.o.

Work highlights

  • Advising Obton A/S on the refinancing of 51 PV projects located in Poland owned by companies belonging to Obton A/S group, purchased from the German subsidiary of a leading Asian manufacturer of PV panels.
  • Advised Bank Polska Kasa Opieki S.A., the second largest Polish bank, on amendments to loan documentation concerning a revolving loan for Robyg S.A., one of the biggest Polish developers. This revolving loan was granted for the corporate needs of Robyg S.A., the ultimate company in the whole Robyg Group. These amendments were negotiated and agreed in the “new reality” caused by the COVID-19 pandemic.
  • Advised Bank Polska Kasa Opieki S.A on amendments to several loan documentations concerning refinancing and financing of the construction and extension of a dozen shopping malls owned by companies from Dekada Group, which is a leading developer of strip malls, city-centre shopping malls and integrated communication and commercial centres.

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

The banking and finance group at CMS Cameron McKenna Nabarro Olswang Posniak i Bejm sp.k. acts for Polish and international banks, financial institutions and high-profile corporate borrowers. It is noted for its ability to 'understand not only client’s needs but also the other party'. In 2020, the team was instructed by the Polish Banking Association to assist with the procedures and documentation for the liquidity guarantee fund in response to the Covid-19 pandemic. Michał Mężykowski, who heads up the team, has expertise in finance transactions, regulatory issues and financial restructurings. Jakub Podkowa has expertise in real estate finance transactions, while Jakub Wieczorek is noted for project finance and leveraged finance matters. Counsel Marek Milwicz vel Delach leads the banking regulatory practice and has substantial experience of payment services and fintech issues.

Practice head(s):

Michał Mężykowski

Other key lawyers:

Jakub Podkowa; Jakub Wieczorek; Martyna Markiewicz; Marek Milwicz vel Delach

Testimonials

‘CMS banking team delivers high quality documents within agreed time. They are very engaged and available.’

‘Jakub Podkowa is a very business-oriented person who is aiming to achieve compromise over spending unproductive time on exchanging unnecessary comments.’

‘I believe they are quite flexible in respect of pricing.’

‘Competent and trustworthy.’

‘Michal Mezykowski is calm and professional.’

‘Very experienced lawyers, find the solutions to different scope of issues. Understand not only client’s needs but also the other party.’

Key clients

Grupa Azoty Polyolefins S.A.

BayernLB (Bayerische Landesbank)

Aareal Bank AG

Bank Powszechna Kasa Oszczędności Bank Polski (PKO BP)

Bank Polska Kasa Opieki (Pekao S.A)

Bank Gospodarstwa Krajowego (BGK)

Erste Bank AG

mBank S.A

ING Bank Śląski S.A.

Santander Bank Polska S.A.

Berlin Hyp AG

Polski Fundusz Rozwoju S.A. (PFR S.A)

Polskie Górnictwo Naftowe i Gazownictwo (PGNiG)

Work highlights

  • Advised Grupa Azoty Polyolefins on obtaining financing (in the form of debt financing and equity financing) for the implementation of Polimery Police project, including the construction of installations to produce propylene and polypropylene along with auxiliary installations.
  • Advising European Investment Bank, Bank Polska Kasa Opieki , Erste Bank AG, mBank S.A. and KomunalKredit Bank AG on financing of the construction of the waste-to-energy plant and peak load boiler house in Olsztyn in PPP project. This project was the first energy project in Poland to receive a “Green Loan”.
  • Advising BayernLB on financing of the construction of three wind farms with a total capacity of almost 52 MW by Pacifico Energy Partners, a renewable energy investment company.

DLA Piper Giziński Kycia sp.

DLA Piper has a varied practice, encompassing real estate and project finance, securitisation deals and debt and loan restructurings, with a focus on distressed real estate assets. The team is also instructed in export finance matters, where it assists exporters and lenders. Group head Mariusz Hyla is an expert in real estate finance and asset finance, in addition to M&A and leveraged buyout financing. Counsel Bartłomiej Palusiak has a specialism in cross-border lending. Artur Sobol takes the lead in restructuring and insolvency mandates. Counsel Katarzyna Wacławek is ‘a very experienced lawyer with a focus on closing deals, and above all, a very nice and intelligent person to work with‘.

Practice head(s):

Mariusz Hyla

Other key lawyers:

Bartłomiej Palusiak; Artur Sobol; Pawel Turek; Katarzyna Wacławek

Testimonials

‘Transactional knowledge and flexible approach.’

‘Katarzyna Wacławek is a very experienced lawyer with a focus on closing deals, and above all, a very nice and intelligent person to work with.’

‘The strength of DLA Piper is definitely its strong presence and knowledge of the local market and its legal/tax capabilities. That added to strong international experience provides the good service for securitisation transaction.’

‘The people understand my team and our clients. DLA Poland knows what we like and don’t like which is important because we have clients who are very particular about their legal process.’

‘They actually listen and try to accommodate to what we and our clients need. Katarzyna Wacławek and her team actually listen to us. We have found other lawyers in Poland tend to focus on their own process and how they want to do things, which does not work for our clients.’

Key clients

Alior Bank

Bank Gospodarstwa Krajowego

Bank Millennium

Bank Ochrony Środowiska

Bank Pekao

Berlin Hyp

BNP Paribas Bank Polska

Commerzbank

Corestate Capital Holding

Credit Agricole

Deutsche Pfandbriefbank

Elite Partners Capital

Erste Group Bank

European Bank for Reconstruction and Development

European Investment Bank

Europejski Fundusz Leasingowy

Globalworth Poland Real Estate

Hyundai Engineering Co.

ING Bank

KGAL Investment Management

KUKE S.A.

Kuwait Financial Center

mBank

Permira

Permodalan National BHD

PFR (Polish Development Fund)

PKO Leasing

Pekao Leasing

PORR

PKO BP

Revetas

Rockastle Global Real Estate Company

Santander Bank Polska

Santander Consumer Bank

Santander Consumer Multirent

Saur

Stena Realty

Tosca Debt Capital

Trakcja

TriGranit

UniCredit Bank Austria

York Capital Management Europe

Work highlights

  • Advising PKO Leasing, the largest leasing company in Poland, on the largest ever securitisation transaction on the Polish market. It was the first Simple, Transparent and Standardised (STS) eligible transaction in Poland. Value: €570m.
  • Advising the borrower and its subsidiaries on the financial restructuring of the whole group. Approximate value of the transaction: €280m.
  • Advising the borrower on the refinancing of the Bonarka for Business office complex in Kraków. The loan was provided by ING and Helaba. Value of the transaction: €116m.

Domanski Zakrzewski Palinka

At Domanski Zakrzewski Palinka, the banking and finance team is part of the capital markets and financial institutions department, advising on financial servicers regulation, M&A in the financial sector, as well as the full spectrum of financing transactions. The group has also developed a specialism in cryptocurrency regulation. Practice head Magdalena Skowrońska is experienced in advising on financial transactions and financial sector M&A, which is also an area of expertise for Andrzej Foltyn. Rafał Grochowski, who arrived from Hogan Lovells (Warszawa) LLP in March 2021, leverages expertise in capital markets to assist Polish and overseas banks on corporate finance transactions and the issuance of debt instruments. Senior associate Tomasz Kalicki is knowledgeable about financial and payment services regulation.

Practice head(s):

Magdalena Skowrońska

Other key lawyers:

Andrzej Foltyn; Rafał Grochowski; Tomasz Kalicki

Key clients

BNP Paribas Bank Polska S.A.

ING Bank Śląski S.A.

mBank S.A. (Commerzbank Group)

Getin Noble Bank S.A.

Idea Bank S.A.

Barclays Bank

Norddeutsche Landesbank Girozentrale

Eiffel Investment Group

Bank of London and The Middle East plc

Bank Leumi (UK) plc

DNB Bank Polska S.A.

Bank Polska Kasa Opieki S.A.

Credit Suisse

Press Glass S.A.

AMG S.a.r.l.

City of Warsaw

Work highlights

  • Advised Norddeutsche Landesbank Girozentrale, the German lender. In relation to the provision of bridge financing to Polish companies to develop renewable energy projects in Poland. This was the first financing provided by the client for a Polish project and entering the Polish electricity financing market.
  • Advised BNP Paribas Bank Polska SA as it took over the assets of Raiffeisen Bank Polska SA and we helped to restructure some of the acquired financings, including the financing provided to Euromall.
  • Advised Barclays Bank on the complex restructuring of debt in the THG Group – which was carried out with the consent of all the creditors and covering not only EU jurisdictions but also the U.S.

Greenberg Traurig Nowakowska-Zimoch Wysokiński Sp. k

Greenberg Traurig Grzesiak sp. k.'s department handles the gamut of banking and finance transactions, including acquisition finance and real estate finance deals, as well as bridging loans and mezzanine finance transactions. The team also has a strong financial structuring practice, and corporate and regulatory banking issues are another area where the firm stands out. The group. which is led by Andrzej Wysokinski, includes Aleksander Janiszewski, who is qualified in New York, England & Wales and Poland. Łukasz Pawlak is the name to note for banking regulatory work. Senior associate Paulina Kimla-Kaczorowska is building a solid reputation for corporate financing.

Practice head(s):

Andrzej Wysokiński

Other key lawyers:

Lejb Fogelman; Aleksander Janiszewski; Łukasz Pawlak; Agnieszka Stankiewicz; Michał Bobrzyński; Paulina Kimla-Kaczorowska

Testimonials

‘Very good for sponsor-side work. Good understanding of the business of their clients, strong backing of their clients’ interests but commercial approach.’

‘Andrzej Wysokinski – tough negotiator but commercial and very good lawyer. Paulina Kimla – highly professional, good quality lawyer. Aleksander Janiszewski – commercial, reasonable but tough negotiator.’

Key clients

Tele-Fonika Kable S.A.

Hines Pan-European Core Fund

CA Immobilien Anlagen AG

Metropol Group

Innova Capital

Indotek

Madison International Realty

Goldman Sachs

CCC

CIECH

Work highlights

  • Advised Ciech S.A. on a refinancing transaction. Ciech S.A. refinanced its existing financial indebtedness.
  • Advised CCC Group in connection with a new financing.
  • Avised CCC S.A. in connection with matters relating to the existing bonds financing.

Norton Rose Fulbright

At Norton Rose Fulbright, lawyers have developed a solid reputation for trade and commodity finance. The team is also well-versed in acquisition and asset financings, particularly in relation to aircraft and rail, real estate and project financings. Grzegorz Dyczkowski  heads the department, advising domestic and overseas lenders and borrowers on their transactions in Poland. Counsel Tomasz Rogalski is most noted for energy and infrastructure deals, while counsel Marta Kawecka has a specialism in banking insurance regulation and supervision.

Practice head(s):

Grzegorz Dyczkowski

Other key lawyers:

Tomasz Rogalski; Marta Kawecka; Jacek Smardzewski; Joanna Braciszewska-Szarapa

Testimonials

‘Norton Rose Fulbright Warsaw banking team is a world-class banking team with a focus on diverse types of banking transactions. They are very helpful and easy to work with’

‘We particularly like working with Tomasz Rogalski. Tomasz is very bright and knowledgeable banking lawyer who knows the banking documentation inside out and offers very good legal and business advice. We appreciate Tomasz’s availability and willingness to spend time looking for practical solutions.’

‘I am pleased to work with them due to their professional skills, high dedication of the team to close smoothly the transaction, ability to sufficiently address our expectations in the documentation and full availability of the main team throughout the transaction period.’

‘I worked with Grzegorz Dyczkowski – partner and Marta Kawecka – counsel. Both of them are fully professional banking lawyers with sufficient experience and skills to navigate the transaction to the successful end. They are good in negotiations using the relevant arguments basing on knowledge and experience.’

‘Extensive experience in company financing contracts and M&A’

‘Availability, mostly immediate solution to the problem’

Key clients

BNP Paribas Bank Polska S.A.

Bank Gospodarstwa Krajowego

Bank Polska Kasa Opieki S.A.

Bank of China – Polish branch

Commerzbank Group (local entity: mBank)

HSBC Group

Industrial and Commercial Bank of China – Polish Branch

ING Group (local entity: ING Bank Śląski)

LOT Polish Airlines

Panattoni Europe

PKO Bank Polski S.A.

Credit Agricole Bank Polska S.A.

Santander Bank Polska S.A.

Societe Generale S.A. Oddział w Polsce

Alior Bank

Accession Capital Partners

Bank Millennium

Work highlights

  • Advised a consortium formed by domestic and international financial institutions on structuring and financing of senior secured facilities for a newly established joint venture of Orange Polska S.A. and an investor controlled by APG, one of the world’s largest pension investors. The total value of the financing was equal to PLN 3.15 billion (EUR 690 million).
  • Advised financial institutions on the €500 million revolving facilities made available to companies from the Synthos Group incorporated in Poland and Czech Republic. The loan facilities will be used to finance general corporate and working capital purposes of the Synthos Group.
  • Advised one of the largest syndicates formed this year by domestic financial institutions on a complex transaction involving financing up to PLN 1,5bn (€ 325m) for Polish, Russian, Romanian, Ukrainian and German companies from Cersanit Group.

Soltysinski Kawecki & Szlezak

At Soltysinski Kawecki & Szlezak, the team is experienced in financial regulatory work, financial sector M&A and financing deals. On the regulatory front, the firm  handles payment services and fintech-related matters, drawing on its strong intellectual property and IT departments. In addition, it is also regularly instructed to advise on anti-money laundering compliance. Utilising the regulatory practice, the team is well-placed to advise Polish financial institutions on M&A and group reorganisations. On the financing side, the team has substantial experience in acquisition finance and corporate refinancings, as well as handling an increasing amount of green finance matters. Names to note at the firm include practice head Marcin Olechowski, who has expertise in finance deals and regulatory mandates. Tomasz Kanski is an acquisition finance specialist. Wojciech Iwański, who made partner in 2021, is increasingly known for regulatory work, including for payments and fintech issues.

Practice head(s):

Marcin Olechowski

Other key lawyers:

Tomasz Kański; Wojciech Iwański; Mateusz Blocher

Testimonials

‘The banking and finance team has the features to ensure optimal results: outstanding lawyers with in-depth knowledge of the regulatory environment, a broad market overview and a strong understanding of clients’ business goals. They are not limited to presenting the simplest (and therefore usually the least attractive) interpretations and solutions, but they look for a safe compromise between regulatory requirements and running a successful business.’

‘Wojciech Iwański, apart from outstanding intelligence and a great sense of humour, is a guarantee of excellent legal skills. Clients are provided with a full overview of the available interpretations of ambiguous regulations. Wojtek’s assessments are always balanced, reliable and well-justified.’

‘In few words, high level of competence, flexibility, and customer needs’ care.’

‘The biggest advantage of the team is their flexibility which allows them to answer any customer need.’

‘They always try to put themselves in our shoes, they want to understand better to define the right solution for the question asked.’

‘A very committed team that helps us with advanced legal solutions in relation to financial technologies, including payment services.’

‘Competences and knowledge of the law of payment services which allows the implementation of the most innovative solutions.’

‘Very in-depth and comprehensive knowledge of payment services, both at the level of EU and national regulations.’

Key clients

Związek Banków Polskich (The Polish Bank Association)

The Iliad Group

NN Group

Bank PKO BP

Mastercard Europe

Carlson Travel, Inc. and CWT Group

Cineworld

PayPo

FCA Bank S.p.A. Polish Branch / Leasys Polska

Bank Millennium S.A.

Bank Handlowy w Warszawie S.A. (Citi group)

Alior Bank S.A.

Goldman Sachs

Toyota Bank Polska S.A.

Volkswagen Bank

MUFG Bank (Europe) NV SA

Cinkciarz.pl

Bank Pocztowy

Związek Banków Polskich (The Polish Bank Association)

The Iliad Group

NN Group

Bank PKO BP

Mastercard Europe

Carlson Travel, Inc. and CWT Group

Cineworld

PayPo

FCA Bank S.p.A. Polish Branch / Leasys Polska

Bank Millennium S.A.

Bank Handlowy w Warszawie S.A. (Citi group)

Alior Bank S.A.

Goldman Sachs

Toyota Bank Polska S.A.

Volkswagen Bank

MUFG Bank (Europe) NV SA

Cinkciarz.pl

Bank Pocztowy

Work highlights

  • Advising the Banking Law Council of the Polish Bank Association in connection with the implementation of PSD2 in Poland, non-authorized transactions and open banking.
  • Advised Iliad Group on its acquisition of Play Communication S.A. (a company listed on the Warsaw Stock Exchange)
  • Advised NN Group on the financing for its successful bid for the Polish assets of MetLife.

Deloitte Legal, Ostrowski, Gizicki i Wspólnicy sp.k.

In March 2021, Deloitte Legal, Ostrowski, Gizicki i Wspólnicy sp.k.‘s banking capabilities were significantly bolstered by the arrival of a well-respected team from White & Case M. Studniarek i Wspólnicy – Kancelaria Prawna sp.k., including Tomasz Ostrowski, who became managing partner of the firm and department head. The practice is particularly noted for its strengths in financial institutional regulatory matters, as well as group restructurings, for which Aneta Urban is the name to note. Elsewhere, the firm acts for borrowers and lenders on real estate finance, corporate finance, acquisition finance and asset finance matters. Other areas of focus include non-performing loans and securitisations. Agnieszka Ziółek is noted for finance transactions, restructurings and distressed asset investments. English-qualified partner Nicholas Coddington advises banks and sponsors on the English law aspects of financing deals in Poland and across the CEE region. Mateusz Ordyk has made a name for himself in relation to financial investment products.

Practice head(s):

Tomasz Ostrowski

Other key lawyers:

Aneta Urban; Agnieszka Ziółek; Nicholas Coddington; Mateusz Ordyk; Katarzyna Jakubiak; Michał Oleś

Testimonials

‘Collaboration, business approach, great knowledge on market practices, great technical expertise with ability to propose solutions.’

‘Mateusz Ordyk – Collaboration, business approach.’

‘The Deloitte team members we work with are high-level professionals with practical knowledge that we can use to consult on our innovative business solutions.’

‘Mateusz Ordyk – deep knowledge of financial and civil law, broad perspective on legal issues embedded in specific business conditions, outstanding creativity, high level of communicativeness.’

‘Very high operational excellence and legal support, which is based on the previous White & Case Banking and Finance team. All people are highly keen with regards to the negotiations and leading the legal works on the transaction.’

‘Michał Oleś is probably one of the best lawyers in Warsaw amongst the banking lawyers. The guy knows his craft extremely well, from small and mid-cap deal up to the largest CEE jumbo deals. He easily transfers the legal clauses from largest deals into a small caps, which give a huge comfort on the Lender’s end.’

Key clients

Bank Pekao S.A.

Santander Bank Polska S.A.

mBank S.A.

mBank Hipoteczny S.A.

Berlin Hyp AG

Erste Group Bank AG

Landesbank-Hessen Thüringen Girozentrale (Helaba)

PKO BP S.A.

Credit Agricole Bank Polska S.A.

Alior Bank S.A.

ING Bank Śląski S.A.

Bank of China (Luxembourg) S.A. Poland Branch

Powszechny Zakład Ubezpieczeń S.A.

Mercedes Benz Bank Polska S.A.

Work highlights

  • Advised BGK on a $700m credit facility for the Chilean mining company Sierra Gorda S.C.M
  • Advised New Energy Investments on its first market green bonds issuance program.
  • Advised FCA Bank S.p.A S.A. Oddział w Polsce and Leasys sp. z o.o. on the implementation of cloud-based solutions.

Gide Loyrette Nouel

Gide Loyrette Nouel‘s banking and finance team handles financing transactions, regulatory and retail banking issues, and it also advises on banking documentation on a day-to-day basis. Its clients include Polish and international banks and financial institutions, as well as insurance companies, private equity and mezzanine funds, and corporate borrowers with strong links with the French market. Practice head Paweł Grześkowiak has expertise in finance and banking law, and is active in secured and structured finance transactions. Marta Karmińska is sought after for advice on secured and unsecured financings, such as those involving syndicated finance, structured finance, LBO and commercial real property finance.

Practice head(s):

Paweł Grześkowiak

Other key lawyers:

Marta Karmińska; Mateusz Gronau

Testimonials

‘Knowledge and experience of French market.’

‘I highly recommend Gide’s banking and finance team. We could count on their support and professionalism also in such a difficult period as the Covid pandemic. Thanks to them, we were able to carry out large and difficult projects even during the pandemic. We highly appreciate the transparent terms of cooperation, availability and quick response time. Working with Gide’s banking and finance team, we know that we will always receive the highest quality legal services.’

‘Gide have been our advisers for many years; they are extremely professional and competent and we have never been disappointed with them. The team has a very good understanding of our business and we have found them to be reliable in both local and cross-border projects’ 

‘Super responsive team, always meeting deadlines and achieving goals that we set. One can always rely on them. They are also flexible – using all available technology and communication means.’

‘Mateusz Gronau is our go-to lawyer on strategic assignments. We very much value his legal expertise as well as the ability to explain and address often complicated legal structures in a clear and precise way. He never let us down.’

Key clients

Santander Bank Polska

mBank

Credit Agricole Bank Polska S.A.

Bank Gospodarstwa Krajowego

BNP Paribas Bank Polska

mLeasing

PEKAO Leasing

KGHM Polska Miedź

Sierra Gorda SCM

PKO BP

BNP Paribas BP

Industrial and Commercial Bank of China (Europe)

Bank Pekao

mBank

Bank Millennium

Credit Agricole

Société Générale

Bank Handlowy

Bank Ochrony Środowiska

Intesa Sanpaolo S.P.A.

Work highlights

  • Advised Sierra Gorda S.C.M., KGHM Polska Miedź S.A., Sumitomo Metal Mining CO., LTD and Sumitomo Corporation a transaction involving $700m in financing provided by Bank Gospodarstwa Krajowego.
  • Advised on a loan agreement between a consortium of 11 banks and Ciech and its subsidiaries for granting a term loan of up to PLN 560 million, a term loan of up to PLN 1,305 million and a revolving loan of up to PLN 250 million.
  • Advised the European Investment Bank on the syndication of part of the senior debt of Dobra Energia dla Olsztyna sp. z o.o. and a credit facility granted by the European Investment Bank.

Hogan Lovells (Warszawa) LLP

Hogan Lovells (Warszawa) LLP's team combines expertise in banking and finance transactions with knowledge of debt capital markets matters to assist borrowers and lenders with securitisations, real estate and infrastructure financings. The group has particular expertise in handling debt restructurings for financial institutions. Practice head Piotr Zawiślak works with Mateusz Dereszynski, who is regularly instructed in real estate finance, corporate finance and acquisition finance deals.

Practice head(s):

Piotr Zawislak

Other key lawyers:

Mateusz Dereszyński; Monika Knothe

Testimonials

‘This team is really engaged, They plan the whole transaction and the contact is very good. Their understanding of business is unique. Mateusz Dereszyński being a leader in the transaction is perfect negotiator, knowing the habits of the lender and the internal procedures as well as the client’s perspective. Meetings via Zoom are not boring. It is fruitful and interesting to work with them.’

‘I would point out at Mateusz Dereszyński and Monika Knothe as a very good team.’

‘Hogan Lovells (Warsaw) is a very capable, even if not the biggest team on the market. What I truly appreciate about them is that they would most usually assign a senior lawyer with a great deal of transactional experience to be involved in the matter we instruct them. They are prepared to work hard and work fast, if and when it matters.’

‘For most part, I have cooperated with Mateusz Dereszynski, a senior associate leading property finance team at Hogan Lovells in Warsaw. Whether acting on our or on lenders’ side, Mateusz is a very responsible, dedicated and sensible lawyer. He would usually go straight to the point and let us know what issue could be important and where some difficulty might appear. His legal knowledge is truly vast and IS paired with his practical experience in relation to transactional know-how.’

Key clients

AccorInvest

Ares Management Corporation

ISOC Group

BNP Paribas Bank Polska S.A.

mBank S.A. (Commerzbank Group)

Goldman Sachs International

Barclays Bank PLC

BNP Paribas Group

Norddeutsche Landesbank and Deutsche Hypothekenbank

Work highlights

  • Advised AccorInvest, a leading hotel group operating nearly 900 hotels internationally under renowned brands such as Sofitel, Novotel, Ibis, F1, Pullman and Mercure on its financial restructuring.
  • Advised a global alternative investment manager Ares Management Corporation on the acquisition and financing of three logistic centres located in Wrocław (North Gate (Psary)), Gdańsk (Szadółki) and Sosnowiec (Silesia East VI Metropolis) from Panattoni Group. The Banking and Finance team advised on the financing aspects of the transaction.
  • Advised ISOC Group in the acquisition of the A and B buildings of the Silesia Business Park from the Swedish investor, Niam. The Banking and Finance team advised on the financing aspects of the transaction.

Rymarz Zdort

At Rymarz Zdort, the banking team has extensive know-how in acquisition finance, corporate loans, commercial refinancings, project finance and renewable finance. Marcin Iwaniszyn combines expertise in banking, finance and capital markets. He jointly leads the department with Zofia Frydrychowicz, who advises borrowers and lenders on project finance, corporate finance and aircraft finance matters. Counsel Jakub Rachwol is also experienced in handling a wide ambit of financings.

Practice head(s):

Zofia Frydrychowicz; Marcin Iwaniszyn

Other key lawyers:

Jakub Rachwol; Jerzy Rostworowski

Testimonials

‘Sound legal knowledge and tireless work to support the client. Very strong up and down the ranks from partner to junior associate level.’

‘Jakub Rachwol has very strong legal knowledge, which is combined with commercial pragmatism. Tireless focus on client needs.’

‘Attention to detail, ability to handle even multi-layered complex cases.’

‘Zofia Frydrychowicz remains a key contact. Solution-solving approach is very appreciated.’

‘Very good communication and explanation of various topics for new and experienced clients. Wide experience of a team give lot of examples which are used during different discussion, negotiation. Team gives enough and clear information if a decision has to be taken.’

‘Extremely available team, high quality in deliveries each time, very good English skills and good understanding of market practices. Since working with them for the first time, we have come back several times and also recommended them to others.’

‘Marcin Iwaniszyn is a true champion – have worked with him several time. He is available 24/7 and knows market practice and makes sure that things are done!’

‘Great understanding of complex transaction (LBO, complex refinancing and public to private deals) connected with experienced senior team and very promising young lawyers.’

Key clients

Pfleiderer Polska sp. z o.o.

Pepco Group N.V.

Brookfield Asset Management

Aberdeen Standard Investments

Jyske Bank

Polon-Alfa

Innova Capital

Grupa Lotos

mBank

Haitong Bank

Eurocash

Zabka Polska

Vectra

Work highlights

  • Advised a borrower controlled by a fund managed by Aberdeen Standard Investments on the financings of PV projects in Poland.
  • Advised Pepco Group N.V. and its subsidiaries on the Polish law aspects of a €740m senior facilities agreement entered into with a consortium comprising 11 leading international and Polish financial institutions.
  • Advised Jyske Bank A/S and PKO Bank Polski S.A. in connection with the refinancing of senior secured bonds issued by Goodvalley Group by means of €140 million and €10 million term facilities.

Wardynski & Partners

Wardynski & Partners‘ team is experienced in domestic and cross-border structured finance transactions and it is often instructed in securitisations. Fintech matters and project finance transactions are other key areas of specialism. Łukasz Szegda takes the lead on a wide variety of financing transactions. Krzysztof Wojdyło heads up the firm’s payment services, blockchain, crowdfunding and privacy practice, working alongside Daniel Smarduch, who also focuses on securitisations. Counsel Patrycja Polasz is prominent in project finance and real estate finance transactions.

Practice head(s):

Łukasz Szegda; Daniel Smarduch; Krzysztof Wojdyło

Other key lawyers:

Patrycja Polasz; Joanna Prokurat

Testimonials

‘People/team; responsiveness, competitive fee arrangements; availability’

‘Lukasz Szegda – committed to the deal, responsive, reliable.

‘Very flexible and commercial team, always efficient and effective in getting back to our requests’

‘Lukasz Szegda stood out as one of the most competent and commercially aware lawyers’

‘Practical and professional approach. Very accessible and always ready to assist.’

‘Wardynski & Partners maintains very high merit standards combined with affordability for medium sized business like ours.’

‘I mainly collaborated with Daniel Smarduch and Joanna Prokurat. What I value especially in their approach is their focus on closing the deal. They accurately balance the legal safety with business progress.’

Key clients

Santander Bank Polska

ING Bank Śląski S.A.

AllegroPay

Bank Pekao

Kartesia

Profi Credit

Immobel

Fortress

Elavon

4finance

Balbec

Work highlights

  • Acted as Polish counsel to Ad Hoc Committee of lenders on the €4,5bn financial restructuring of AccorInvest group and its Polish subsidiary – Orbis S.A.- the largest group investing in hotel assets in Poland and other CEE countries
  • Avised Goodvalley group on €150 million refinancing by Jyske Bank A/S and PKO Bank Polski S.A. of its existing indebtedness and financing its general corporate and working capital purposes.
  • Advised Kartesia Management SA (a private debt provider) in connection with its first Polish financing provided to Nu-Med Grupa -a leading private operator of oncology centres in Poland – controlled by a private equity fund, Enterprise Investors.

WKB Wiercinski, Kwiecinski, Baehr

WKB Wiercinski, Kwiecinski, Baehr handles a wide array of financing work, including project finance transactions, financial restructurings and acquisition financings, as well as securitisation transactions and non-performing loan deals. The group is also noted for its strong payment services regulatory practice, and it is also developing a name for itself in the area of ESG-related work. Heading the department is Marcin Smolarek . Counsels Michał Kalicki and Piotr Grabarczyk are also names to note.

Practice head(s):

Marcin Smolarek

Other key lawyers:

Michał Kalicki; Piotr Grabarczyk; Augustyn Wróbel

Testimonials

‘They helped us to shape sophisticated financial transactions, enabling us to anticipate issues, manage the risks and succeed in our endeavours.’

‘We had the opportunity to work with two extremely professional counsels – Piotr Grabarczyk and Michal Kalincki, who led us hand by hand in two complicated financing transactions including certain facilities. Both Piotr and Michal had vast and professional experience of optimizing the transactions on our behalf, finding creative and out of the box solutions to overcome critical paths being part of the transactions.’

Key clients

PKO Bank Polski S.A.

mBank S.A.

Selvita S.A.

Centrum Rozliczeń Elektronicznych Polskie ePłatności S.A.

P. van de Velde N.V

Tenax European Credit Fund

MB Aerospace Group

Gala Poland sp. z o.o. (previously Korona Candles sp. z o.o.)

ING Bank Śląski S.A.

Santander Bank Polska S.A.

BNP Paribas Bank Polska S.A.

Work highlights

  • Assisted PKO Bank Polski S.A., the largest Polish bank, with a complex restructuring of the financial indebtedness of Huta Pokój S.A., a manufacturer and distributor of steel products.
  • Assisted Selvita S.A. with financing the acquisition of Fidelta d.o.o. from Galapagos N.V.
  • Assisted mBank S.A. as lender with the process of providing an acquisition facility to Custodia Capital Flix sp. z o.o. for the purposes of financing acquisition of Atende Software.

Wolf Theiss

Wolf Theiss‘ banking and finance team, which is led by Przemek Kozdój , excels in project finance and acquisition finance transactions, often working alongside the firm’s real estate and construction lawyers. The group also has significant expertise in financial restructurings and insolvency matters, which are areas of focus for Lech Gilicinski and counsel Joanna Gąsowski. Senior associate Michał Kulig is a name to note for real estate finance transactions, where he advises borrowers, lenders and investors.

Practice head(s):

Przemek Kozdój

Other key lawyers:

Lech Giliciński; Michał Kulig; Joanna Gąsowski

Testimonials

‘Flexibility, problem-solving orientation.’

‘Przemek Kozdój has experience, high flexibility and a problem-solving attitude.’

Key clients

European Investment Bank (EIB)

Halifax Capital Partners

Bank Gospodarstwa Krajowego (BGK, State Development Bank)

Panattoni

Bank Pekao S.A.

Banco Santander, Santander Bank Polska S.A.

Berlin Hyp AG

Vitol S.A.

Erste Group Bank AG

Beacon Rail Finance SARL

CBRE Global Investors

Sfinks SA

Base Camp

Work highlights

  • Advised European Investment Bank on the provision of financing for Scope Fluidics, including drafting and negotiating the finance contract, guarantee agreements and Polish law-governed security documents.
  • Advised Halifax Capital Partners as purchasers of a Polish leader of packaging products Sonoco Poland – Packaging Services.
  • Advised Bank Gospodarstwa Krajowego in connection with the restructuring of the borrower’s group.

Baker McKenzie Krzyzowski i Wspólnicy Sp.k.

In 2021, Baker McKenzie Krzyżowski i Wspólnicy Sp.k.‘s former practice head Ireneusz Stolarski left the firm to take up a board position at Electrum, while Rafał Zakrzewski moved to CMS Cameron McKenna Nabarro Olswang Posniak i Bejm sp.k.. The team is now jointly led by counsel Michal Glowacki, of counsel Pawel Wajda  and Paweł Długoborski (who was hired from Clifford Chance in 2020). The group primarily focuses on finance transactions, including those involving project finance, acquisition finance and real estate finance. It also has a strong focus on restructurings, a capability enhanced by the hire of Długoborski. Senior associate Paweł Ostrowski is an expert in public and private bond issuances.

Practice head(s):

Michał Głowacki; Paweł Wajda; Paweł Długoborski

Other key lawyers:

Paweł Ostrowski

Testimonials

‘Paweł Ostrowski adequately engaged and was fully available in order to close the deal.’

‘We appreciated the positive cooperation in light of many turns and a complex structure of multiple securities, as well as a difficult lender and lender’s counsel.

‘Very engaged, motivated and experience people.’

Key clients

PKN Orlen

European Bank for Reconstruction and Development

Nexera Holding sp. z o.o. and its subsidiaries

Grupa LOTOS S.A.

Akomex sp. z o.o.

Semper Simul Foundation

Work highlights

  • Advised Nexera Holding and its subsidiaries (a joint venture of Infracapital and Nokia), an infrastructural telecommunications group, on the over PLN 1 billion financing extended by a consortium of premier lenders: EIB, ING, BGK, PKO BP and Santander.
  • Advised the majority shareholder (Semper Simul Foundation) of LPP S.A., in relation to the financing from BNP Paribas Bank Polska S.A. in the amount of PLN 350 million for the purposes of increasing the shareholding in LPP S.A. L
  • Advised a group of private investors and managers on the management buyout of Akomex’s group from Highlander Partners, L.P., including refinancing of the existing facilities.

DLK Legal Korus sp.k.

DLK Legal Korus sp.k.‘s practice is entirely centred on regulatory issues concerning the fintech industry in Poland, with the firm generating mandates from banks, fintech companies and technology providers, The team is well-versed in financial services licensing, the implementation of new products, banking outsourcing and financial markets infrastructure issues. Founding partner Krzysztof Korus leads the group. In 2021, he was appointed as a member of the European Commission’s expert group on European financial data. Michał Mostowik is an accomplished technology lawyer with substantial experience of advising on e-banking issues.

Practice head(s):

Krzysztof Korus

Other key lawyers:

Michał Mostowik

Testimonials

Unique ability to connect law aspects with business. Absolute professionals. Not focused only on finance and banking, but see the things widely. Good availability. Can react really fast when needed (even prepare documents over the night when necessary).’

Krzysztof Korus, a master. Always prepared, wide thinking. Understands the industry and the sector.

The team comprises the highest level-specialists. They have wide experience and are engaged from the moment of the creation of the laws.’

Krzysztof Korus – the absolute leader of the industry in Poland. Michał Mostowik – a true specialist in his role.’

The law firm and its lawyers have in-depth and specialist knowledge of the regulations governing the activities of the financial industry, including the provision and distribution of services using the latest technologies. We also appreciate the knowledge of European Union law and taking it into account in our work.’

Lawyers are available and in contact. They provide further explanations in an accessible manner as needed. In the course of projects conducted with the office, we used modern technologies that streamlined the course of work, facilitated archiving and organizing them. In our opinion, the effects of their work were more in-depth and detailed than other law firms we cooperated with.

Key clients

Santander Consumer Bank S.A.

Toyota Bank S.A.

eService (Centrum Elektronicznych Usług Płatniczych eService sp. z o.o.)

Europejski Fundusz Leasingowy S.A. (EFL)

Finnovative Solutions UAB

Easy-Check sp. z o.o.

Authologic sp. z o.o.

PayEye

Santander F24

Santander Leasing S.A.

PONIP – Polska Organizacja Niebankowych Instytucji Płatności

Work highlights

  • Advised one of the Polish banks in terms of Articles of Association amendment and proceedings before the Polish FSA.
  • Represented Fenige in a major regulatory controversy before the Polish FSA and successfully restored the client’s payment institution licence.

PwC Legal Zelaznicki sp.k.

PwC Legal Zelaznicki sp.k. has a notable reputation for financial services regulatatory matters, under the leadership of Aleksandra Bańkowska. The team has expertise in the spectrum of Polish and EU financial regulatory law and advises a multitude of Polish banks and international financial institutions with operations in Poland. The team advises the Polish Banking Association on issues pertaining to outsourcing and ESG. Counsel Łukasz Łyczko is a go-to lawyer for payment services and licensing procedures, while senior associate Magda Kazana-Jaroniec is an expert in anti-money laundering compliance.

Practice head(s):

Aleksandra Bańkowska

Other key lawyers:

Łukasz Łyczko; Magda Kazana-Jaroniec; Tomasz Fus; Konrad Frąckowiak

Testimonials

At the moment, I think that their key strength is an excellent knowledge of the legal regulations that proved to be crucial for banks in recent years, such as AML, outsourcing, ESG or BMR. Its just a pure pleasure to work with PwC Legal team.

I would definitely like to highlight the work of Aleksandra Bańkowska. I highly appreciate our cooperation for the individual approach to the problems faced by banks and the flexibility in the proposed solutions to these problems.’

They have got unique knowledge regarding the EBA guidelines about outsourcing.’

What makes the PwC Legal banking & finance practice unique is an excellent ability of its lawyers to identify legal trends and interpret new regulations. Banks greatly appreciate their work on innovative regulatory issues (e.g. standpoint of Polish regulator on social media use). They set trends in the field of new legal acts and guidelines of Polish and European supervisory authorities in both Polish and EU markets. I would definitely recommend working with them.’

I would definitely recommend Aleksandra Bańkowska and Łukasz Łyczko. Working with them is a great pleasure (both at personal and merit level). Recently Konrad Frąckowiak was noticeable in our work. This team of lawyers just keeps surprising the Polish banks with very good interpretations of new regulations.’

Key clients

Bank Millennium S.A.

mBank Hipoteczny S.A.

Bank BPH S.A.

LeasePlan Fleet Management sp. z o.o.

Alior Bank S.A.

Polish Bank Association (“Związek Banków Polskich”)

Work highlights

  • Provided regulatory advice to 4 leading banks in innovative projects focusing on the implementation of the cloud computing model and its alignment to the conducted banking activity.
  • Advised the Polish Banking Association on outsourcing and cloud computing issues, as well as ESG.

Schoenherr Stangl sp.k.

Schoenherr Stangl sp.k.'s team is experienced in advising banks and corporate borrowers on project finance, structured finance and acquisition finance transactions. It is led by Paweł Halwa, who has expertise in financial structurings, securities offerings and restructurings. Counsel Marcin Antczak acts on project finance and acquisition finance deals. Paula Weronika Kapica is an up-and-coming name in the team.

Practice head(s):

Paweł Halwa

Other key lawyers:

Marcin Antczak; Paula Weronika Kapica

Testimonials

‘The team delivers very good quality for a competitive price, with a practical approach and a drive to close matters. While there are larger firms out there in the market, Schoenherr showed personal involvement, commitment to our matter and the right level of expertise.’

‘Paweł Halwa is very efficient and has a ‘can-do’ approach – both in terms of commercial arrangements and the legal advice he provides. Marcin Antczak is very skilled technically and able to find the right solutions to balance the interest of the parties.’

Key clients

Societe Generale

Paccor Packaging GmbH

Beechbrook Capital LLC

profine GmbH

Bayerische Landesbank

Progroup

Deutsche Beteiligungs AG

Schur Flexibles GmbH

IKB Deutsche Industriebank AG

Twisto payments a.s.

ING Belgium NV/SA

BNP Paribas Fortis NV/SA

Work highlights

  • Advised Societe Generale, London Branch and Standard Chartered on funding of €440m facilities agreement granted to Mapletree Investments’ Polish, Irish, Dutch and German entities to refinance the acquisition of different assets.
  • Advised a German issuer on an offering of €340m senior secured notes and a new super senior revolving credit facility agreement to refinance existing indebtedness.
  • Advised a German private equity investor on the financing by consortium of banks for its acquisition of Multimon AG and its subsidiaries.

Squire Patton Boggs Krześniak sp.k.

Squire Patton Boggs Krześniak sp.k.'s financial services department mainly acts as Polish counsel in high-value cross-border banking deals, providing local transactional and regulatory advice, acting for a variety of borrowers and lenders. Project finance is a key area of strength for practice head Peter Swiecicki, who also has experience of privatisations. Marcin Wnukowski heads up the acquisition finance practice. Michal Smolny focuses on public and private acquisition finance and cross-border syndicated lending.

Practice head(s):

Peter Swiecicki

Other key lawyers:

Marcin Wnukowski; Michal Smolny; Malgorzata Olech

Key clients

Banco Comercial Português, S.A.

Novo Banco, S.A.

Bausch Health Companies Inc. and its subsidiaries

Chiltern Capital

InterHealth Canada Limited

KAEFER Isoliertechnik GmbH & Co. Kommanditgesellschaft

Enerco and Invenergy and their joint venture project companies

PZU

Work highlights

  • Advised a banking consortium led by Banco Comercial Português, S.A. and Novo Banco, S.A. from Portugal on the Polish aspects of financing the acquisition of certain Europoles Group’s European divisions by Metalogalva – Irmãos Silvas S.A., a member of the VigentGroup from Portugal. Deal value €18m.
  • Acting as Polish legal adviser to Bausch Health in connection with negotiating and documenting pari passu treatment of security between a term loan facility and an issuance of senior secured notes. The term loan outstanding is $4.4bn and the note issue was $1.6bn
  • Acted as Polish counsel to the acquisition subsidiaries of Chiltern Capital, a UK private equity group, on financing the acquisition of Bright Maze Oy group, operating as Amerplast, a leading plastic packaging solutions provider.

SSW Pragmatic Solutions

SSW Pragmatic Solutions' banking and finance team advises Polish and international finance providers on a wide range of transactions, including restructuring mandates, with the ability to draw on firm-wide expertise in capital markets and tax. The group also assists corporate borrowers with acquisition finance transactions. The department is led by Wojciech Szczepaniak, who has substantial project finance expertise. Praised as ‘dedicated and precise, proactive and solution-oriented‘, Szymon Okoń handles transactions and regulatory advice. In March 2021, the group was strengthened by Ilona Fedurek's arrival from CMS Cameron McKenna Nabarro Olswang Pośniak i Sawicki sp.k., adding an expert in leveraged finance transactions and complex banking issues related to inter-creditor relationships.

Practice head(s):

Wojciech Szczepaniak

Other key lawyers:

Szymon Okoń; Ilona Fedurek; Karol Rajewski; Sebastian Ponikowski; Tomasz Kwaśniewski

Testimonials

Most important are people. Young, dynamic and driven. SSW covers broad range of law areas and can provide comprehensive advise. They have a big scale already with ambition to grow further.’

I work mostly with Szymon Okoń and Tomasz Kwaśniewski. Young lawyers with big experience already. Driven, responsive and dedicated to clients.’

SSW Pragmatic Solutions is a law firm offering a complex and premium services. They understand the importance of structuring financing transactions in an way that is both legally effective and tax efficient. They also offer the full scope of advice and support in connection with any regulatory issues.’

I highly recommend Dr Szymon Okoń, who is dedicated and precise, proactive and solution-oriented, responsive to the needs of the client. He is not only a great lawyer, but also a great financial analyst and professional on every activity and detail.’

Law firm offering a premium service, highly regarded practice group that advises on large-scale financing and refinancing mandates, esteemed for its activity in real estate and project finance.’

Szymon Okon is dedicated and precise, proactive and solution-oriented, responsive to the needs of the client, not only a great lawyer, but also a great financial analyst. professional on every activity and detail. Tomasz Kwaśniewski is a lawyer with deep understanding of capital and financial markets.’

SSW is well-regarded firm with an excellent reputation for project finance, able to lead complex deals. Very competent team, professional and responsive; highly intelligent approach.’

I have personally very positive experiences working with Szymon Okoń – he is quick at finding solutions to specific problems, very client-focused. He carries out perfect cooperation.’

Key clients

mBank S.A.

Aldesa Group

BPM Capital

AION Bank S.A.

Stelmet S.A.

Alior Bank S.A.

Mediacap S.A.

Krynica Vitamin S.A.

Bioeton Group

Impexmetal S.A.

Nextline

Boryszew S.A.

Wojciech Gurgul, Paweł Gurgul

Marie Brizard Wine & Spirits Group

Europa Systems SPV

Rank Progress S.A.

Paged S.A.

GetBack S.A.

Eurocent S.A.

Vantage Development S.A.

Netmedia S.A.

Larq S.A.

Unilink S.A.

Browar Kościerzyna sp. z o.o.

Investments Funds managed by Credit Value Investments

VOX capital group

Santander Bank Polska (formerly Bank Zachodni WBK S.A.)

wpd europe

Bank Polska Kasa Opieki S.A.

Bank Gospodarstwa Krajowego

Powszechna Kasa Oszczędności Bank Polski S.A.

Fasing S.A.

Work highlights

  • Advised Bank Polska Kasa Opieki S.A. on the financing arrangements to Fabryki Sprzętu i Narzędzi Górniczych Grupa Kapitałowa Fasing S.A., aimed among others at refinancing of the bond programme.
  • Advised Aion Bank SA on setting up full-scale operation in Poland.
  • Advised Santander Bank Polska S.A. on a financing project for OEX S.A. in connection with a tender offer for the company’s shares.

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

White & Case M. Studniarek i Wspólnicy – Kancelaria Prawna sp.k. continues to advise banks on a wide variety of transactions, including debt finance, financial restructuring and insolvency issues. Department head Grzegorz Abram has substantial experience of syndicated and secured lending, as well as renewable energy project finance.

Practice head(s):

Grzegorz Abram

Other key lawyers:

Paweł Zagórski; Joanna Misztal-Dzitko; Magdalena Kalińska; Roksana Kałużna-Bałazy

Testimonials

‘We have been working with the law firm’s team for a long time. It is the best team in the market, available 24 hours, lawyers can call us at any time, especially in a situation that requires a quick response, very high level of knowledge, finding a solution for every situation, very good manners. We definitely feel very cared for and the work is always done flawlessly.’

‘We cooperate with many law firms, but cooperation with Paweł Zagórski from W&C means that we do not have to worry about possible errors in transactions and documentation. Everything is always done perfectly and every case is taken care of. Attorney Zagórski is also characterized by an extraordinary personal culture, composure necessary in numerous negotiations that he conducts. He is able to find a solution that will satisfy both parties.’

Key clients

Bank Gospodarstwa Krajowego

Bank Pekao S.A.

BNP Paribas Bank Polska S.A.

Cerrad sp. z o.o.

Global Compute LLP

GLP Europe

mBank S.A.

Mid Europa Partners

Norddeutsche Landesbank

P4 sp. z o.o.

PKN Orlen S.A.

Santander Bank Polska S.A.

Work highlights

  • Advised a syndicate of Polish and international financial institutions on a facilities agreement for the more than PLN 5.5 billion financing of the Polimery Police project.
  • Advising P4 sp. z o.o., the Play network operator that is part of the French iliad Group, in connection with a PLN 5.5 billion funding from a consortium of banks. It was one of the largest corporate financings provided in Poland over the review period.
  • Advised mBank S.A., Bank Gospodarstwa Krajowego S.A. and Santander Bank Polska S.A. in connection with a financing of approximately €105m for the purpose of financing and refinancing of the KTW office and retail buildings project in Katowice.

Czabanski Galuszynski & Partners

Czabanski Galuszynski & Partners' team garners praise for its ‘pragmatic, commercially driven, getting-things-done attitude‘. It advises banks and borrowers on domestic and cross-border finance transactions, with a particular strength in real estate finance. It also regularly handles acquisition finance and project finance transactions, and is increasingly active in the fintech regulatory space. The names to note are co-founding partners Jacek Czabański and Piotr Gałuszyński, with the latter practitioner being noted for his ‘personal touch and direct involvement‘.

Practice head(s):

Jacek Czabański; Piotr Gałuszyński

Testimonials

‘Easy to work with, constructive and collaborative.’

‘Piotr Gałuszyński is constructive and easy to work with as opposing counsel.’

‘The most important for us was that all of the work was marked by the partner, who was responsible for day to day contacts, our project and the quality of all work.’

‘Transparency in the approach, clear definition of strengths, flexibility in billing with long-term view, expertise, entrepreneurial approach, looking at the problem from clients’ perspective. Showing bigger picture.’

‘Piotr Gałuszyński has a personal touch and direct involvement, checking on progress personally, ability to defuse tense situations, showing a way forward.’

‘Pragmatic, commercially driven, getting-things-done attitude. Good value for money as compared to international firms.’

Key clients

Polskie Górnictwo Naftowe I Gazownictwo S.A.

Bank Gospodarstwa Krajowego

mBank S.A.

Credit Agricole Bank Polska S.A.

PKO Bank Polska S.A.

PMPoland S.A.

Franklin Templeton Investments

Aion S.A.

Right Power a.s.

Santander Bank Polska S.A.

Bank Handlowy w Warszawie S.A.

Latham & Watkins

Advokatfirman Cederquist KB

Fried, Frank, Harris, Shriver & Jacobson LLP

Mannheimer Swartling Advokatbyraa AB

Sidley Austin LLP

Taylor Wessing Partnerschaftgesellschaft mbB

Work highlights

  • Advised the borrower, Polskie Górnictwo Naftowe i Gazownictwo SA (PGNiG on a credit agreement up to the total amount of PLN 10 billion.
  • Advised Bank Gospodarstwa Krajowego on annexing loan agreements granted to renowned entities operating on the real estate market.
  • Advised a consortium of banks, including mBank, Credit Agricole Bank Polska S.A, Powszechna Kasa Oszczędności Bank Polski S.A. on the financing granted to PIAST group in the amount exceeding PLN 130 million.

DWF Poland Jamka Sp.k

At DWF Poland Jamka Sp.k, the team advises Polish and international banks, funds and asset managers, as well as corporate and public borrowers, on a range of domestic and cross-border financial transactions. The group has expertise in project finance, acquisition finance and property finance, which sits on top of solid regulatory foundations. Adam Stopyra has expertise in EU directives and regulations, in addition to experience in securities and derivatives transactions, and he co-heads the department with Tomasz Kaczmarek. Radosław Cebeliński is a specialist in financial restructurings. In December 2020, the firm hired Michał Grabowski from Alior Bank.

Practice head(s):

Adam Stopyra; Tomasz Kaczmarek

Other key lawyers:

Radosław Cebeliński; Michał Grabowski

Testimonials

‘They are business-oriented, skilled lawyers, who are always looking for good business solutions. The team is skilled across several areas, including projects, equity financing, especially in renewables sector. Increasingly active in debt refinancing and restructuring matters. Particularly impressive financial services regulation practice, advising leading banks, insurance companies and financial institutions.’

‘Tomasz Kaczmarek is always very calm and focused on the objective to achieve. He is able to handle unforeseen complications with great mastery. What I appreciate is that the partner is always truly involved. Team led by Tomasz is also always well-staffed and deadline oriented.’

Key clients

Uriel Renovables

Enter Air S.A and Enter Air sp. z o.o.

PKO BP S.A.

mBank S.A.

DNB Bank ASA

Bank Ochrony Środowiska S.A.

V-Ridium Power Group sp. z o.o.

CVI Dom Maklerski S.A.

Work highlights

  • Advised leading bank in Poland on a project financing of two portfolio of PVs of a total capacity exceeding 70 mw developed by 34 SPVs controlled by a leading Polish renewable energy investor.
  • Advised Uriel Renovables and a project company in relation to project financing of a wind farm located in Biały Bór, Poland of a total capacity exceeding 144 mw financed by DNB Bank Polska S.A. and EKF -Danish Export Credit Agency.
  • Advised club of banks including in relation to project financing of a 100 mw mixed wind and PVs portfolio developed by a leading industry investor.

Eversheds Sutherland Poland

Eversheds Sutherland Poland‘s banking and finance lawyers specialise in advising on the financing of infrastructure and real estate projects, with particular knowledge of the renewable energy sector. The group also has a well-developed regulatory practice, which encompasses anti-money laundering advice and assistance with payment services and blockchain issues. Project finance expert Michał Markowski leads the department and is ably supported by associate Małgorzata Gołębiowska.

Practice head(s):

Michał Markowski

Other key lawyers:

Małgorzata Gołębiowska

Testimonials

‘From our perspective the banking and finance practice at Eversheds Sutherland Poland possesses in-depth legal knowledge regarding all aspects of the consumer lending business, especially when it comes to dealing with debt sale transactions.’

‘We have worked with Michał Markowski and Magdalena Bartosiewicz – during that cooperation we were amazed by their “can do” attitude, broad knowledge of legal aspects connected with the lending business and overall professionalism.’

Key clients

Alior Bank

mBank Hipoteczny

American Express Poland

Ghelamco

Avis Poland

First Data

GDDKiA (General Directorate for National Roads and Motorways)

mBank S.A.

European Bank for Reconstruction and Development

BNP Paribas Bank Polska

Bayerische Landesbank

Siemens Bank GmbH

Provident

V-Ridium Power Services

Bank Ochrony Środowiska S.A.

TBI Bank

National Westminster Bank

Work highlights

  • Advising the European Bank for Reconstruction and Development, the Ministry of Finance and the Polish Financial Supervision Authority (UKNF) respectively on developing innovative technological solutions within the Polish financial market (banking, insurance, payment services and capital markets).
  • Assisted Schroders with all of its business issues in Poland. Also advised on the company’s relations with its investors and the Polish Financial Supervision Authority. Also assisted Schroders with potential product structures to be offered in Poland and potential new distribution channels for its funds.
  • Advised BNP Paribas Bank Polska S.A. on the financing and refinancing transaction regarding the reconstruction of a historic tenement house in Warsaw.

EY Law

EY Law‘s team, which advises financial institutions on their Polish regulatory requirements, is well-supported by the consultancy arm’s tax, accounting, financial advisory and human capital departments. In addition to handling regulatory matters, it is also instructed in lending transactions and financial restructurings. Group head Zuzanna Zakrzewska works with associate partner Magdalena Kasiarz, who is a licensed restructuring adviser and undertakes a significant amount of work for corporate borrowers. In June 2021, Małgorzata Chruściak left the firm for an in-house position at BNP Paribas.

Practice head(s):

Zuzanna Zakrzewska

Other key lawyers:

Magdalena Kasiarz; Ewa Gajda-Kozłowska

Key clients

Bank Millennium S.A.

The SPAR Group Ltd

Work highlights

  • Advised Bank Millennium on operating models and an application to the Polish financial supervisory authority for a banking licence.
  • Advised the Spar Group on the financing of its €73m acquisition of Piotr i Paweł.

FinTaxLegal

Based in Kraków, the financial services department at FinTaxLegal stands out for banking regulatory work, owing to the impressive expertise of co-heads Konrad Stolarski and Zbigniew Długosz, both of whom are ‘very polite and committed‘. The team is often instructed in cross-border regulatory matters, including in relation to AML, FX and licensing. It advises the Polish Banking Association on e-authentication matters and digitalisation.

Practice head(s):

Konrad Stolarski; Zbigniew Długosz

Other key lawyers:

Jan Ząbczyk; Magdalena Bodzioch

Testimonials

We appreciate the experience of Konrad Stolarski in licensing, AML and FX. His strength is also the ability to handle international projects and cross border payment services activity.’

The FTL banking and finance team offers absolute top service both in terms of legal expertise and market insight. You can feel that they have a very wide and deep understanding of the market both form domestic and international projects. I can also see the associates which they bring in on projects are always pre-trained and get the job done. Last but not least they are all friendly people.’

The strength of the team is that it is co-managed by two partners (Konrad and Zbigniew) who provide equally good support and are always available to me whenever I need them. I consider them both as among the top market experts in Poland.’

Konrad Stolarski. I appreciate the legal and business input of Konrad. You can see that he has vast practical experience in the fintech sector. Most of all he however his project management made us feel his team was part of our team.’

They go the extra mile for their clients, even if its for the simplest of tasks. We would not be able to make it in the Polish market without the terrific team.’

I believe they treat the clients as if they where the most special client they have. They are always available and very professional.’

We have been cooperating with Fintaxlegal ever since it was founded, but we know most of their team also from the period before. We very much value the legal expertise and knowledge they deliver but above all appreciate the fact that they deliver also business insight helping to be a step ahead. We are happy to trust the FTL team with all strategic and most complicated projects.’

The best feature of FinTaxLegal during our cooperation was communication. Nowadays it is rare to receive immediate answer. Employees and partners were always well-prepared and involved.’

Key clients

Autopay Europe UAB

SIX Payment Services (Europe) S.A.

Trustly Group A.B.

Euronet 360 Finance Limited

Euronet Polska sp. z o.o.

Blue Media S.A.

Grupa OLX  sp. z o.o.

inFakt sp. z o.o.

Smartney Sp. z o.o.

Polish Banks’ Association

Fintecom sp. z o.o. (previously England.pl sp. z o.o.)

Work highlights

  • Advised Autopay Europe UAB in setting up operations in Lithuania and in the Company’s process of application for the Bank of Lithuania payment institution license enabling Autopay to provide payment initiation and account information services throughout the whole EEA.
  • Advising the Polish Banks’ Association on legal issues concerning eIDAS and identification and authentication in electronic Services. The firm also led one of the post COVID-19 working groups at the Polish Banks’ Association concerning digitalization of corporate banking.
  • Represented inFakt before the Polish Financial Supervision authority (KNF) in proceedings to obtain entry into register of payment services providers and electronic money issuers as an Account Information Service Provider.

Kochanski & Partners

Kochanski & Partners is particularly focused on financial regulatory work, with expertise in fintech issues such as the introduction of cloud computing to banks. Maciej Kuranc is the key contact. Konrad Werner was a new arrival in March 2022.

Practice head(s):

Konrad Werner

Other key lawyers:

Maciej Kuranc

Testimonials

‘Kochanski & Partners supports the financial sector by providing high quality legal opinions and contributing to the cross-sector initiative aimed at helping banks with adopting cloud technology, while staying compliant with law and regulations.’

Key clients

Polish Bank Association

LVS Brokers sp. z o. o.

Idea Bank

Work highlights

  • Advised the Polish Bank Association on cloud computing standards.
  • Advised LVS Brokers on its expansion in the Polish market.

Noerr

Noerr is able to advise banks and financial services providers on cross-border transactions, particularly in relation to German clients with deals in Poland. Transactional banking expert Ludomir Biedecki heads the practice. Since research concluded, Konrad Werner left the firm.

Practice head(s):

Ludomir Biedecki

Key clients

Globe Trade Centre S.A.

Helaba (Landesbank Hessen-Thüringen Girozentrale)

Deutsche Pfandbriefbank

Enterprise Investors

Coface

TARGOBANK

EUROFACTOR

Work highlights

  • Advising Nu-Med Grupa S.A., owner of a network of oncological centres and hospitals in Poland and a portfolio company of a private equity fund managed by Enterprise Investors (one of the largest CEE private equity firms), on the refinancing of the group’s indebtedness by way of a new loan advanced by Kartesia, a Luxembourg private debt fund.
  • Advising RAWAG, a Polish subsidiary of Schaltbau specialising in the production of equipment for trains, on a multijurisdictional securitisation programme arranged by Commerzbank.

Penteris

The financial institutions practice at Penteris is well-versed in advising financial institutions and borrowers on their transactions in Poland, including those involving real estate finance, acquisition finance and project finance. The group is led by Katarzyna Sawa-Rybaczek, who has experience of cross-border transactions. Associate Małgorzata Motyl has regulatory compliance expertise.

Practice head(s):

Katarzyna Sawa-Rybaczek

Other key lawyers:

Małgorzata Motyl; Łukasz Czerepak

Testimonials

Katarzyna Sawa-Rybaczek is a very experienced banking lawyer very well equinted with LMA lending standards and financal security documentation.’

Key clients

Apollo-Rida

RIDA Development Corporation

ING Bank

RIDA Development Corporation

Octava Property Trust

Octava S.A.

Immofinanz

Work highlights

  • Advised ING Bank on financing aspects of the acquisition of the office complex in Warsaw by KGAL Fund.
  • Advised the borrowers (2 SPVs owned by Rida Development Corporation) on the refinancing by ING Bank of the development of the office and retail development projects in the centre of Gdansk.
  • Advised ING Bank on the financing and acquisition of the logistics and warehouse centre in Wroclaw by Hines.

Radzikowski, Szubielska i Wspólnicy sp.j.

Radzikowski, Szubielska i Wspólnicy sp.j. predominantly advises banks and developers on real estate finance and refinancing transactions, with a focus on the residential market, but also in relation to office and retail projects. Partner Martyna Kamińska-Tabaka  has experience of drafting loan agreements and security documents, as well as assisting with compliance issues. She jointly leads the practice with Agnieszka Piasecka , who regularly acts for banks and borrowers.

Practice head(s):

Martyna Kamińska-Tabaka

Other key lawyers:

Agnieszka Piasecka; Zbigniew Skórczyński

Traple Konarski Podrecki & Partners

The team at Traple Konarski Podrecki & Partners garners praise for its 'business-oriented, “can-do” approach', particularly in the fintech arena. The group is noted for its expertise in payment services regulation, as well as outsourcing contracts and data protection issues. It provides regulatory support in proceedings involving financial supervising authorities. Leading the department is Jan Byrski , who works with senior associate Karol Juraszczyk.

Practice head(s):

Jan Byrski

Other key lawyers:

Karol Juraszczyk

Testimonials

Expert local knowledge of the payments market, both Poland / PSD2 europe and expertise in all areas of the payments ecosystem, including EU funding, patents.’

Business-oriented, “can do” approach. There are no irrelevant questions or problems for them. TKP becomes a part of a project team, working hand in hand with a customer to deliver business value and applicable solution. After finishing the project, they are still open to explain or fine-tune the result.’

Jan Byrski and Karol Juraszczyk working together constitute a powerful team. Great internal communications, short and precise answers and recommendations.’

What makes this practice unique is the experience of the lawyers. I think that potential clients would wish to know about the team’s experience the most since it is the key capability of the team.’

Key clients

Cashless Trade Development Foundation

Polska Izba Informatyki i Telekomunikacji

Polska Izba Ubezpieczeń

Polska Organizacja Handlu i Dystrybucji

Work highlights

  • Advised Cashless Trade Development Foundation during legislative activities in Poland connected with amendments to Polish Acts of Parliament (e.g. Banking Law or Regulation on payment schemes) and legislative activities to implement EU regulations into the Polish legal system (e.g. PSD 2, PAD, Interchange Fees Regulation).
  • Advising Polish Chamber of Information Technology and Telecommunications in relation to support regarding amendments to Polish Acts of Parliament, such as regulation on payment services and on cash registers in the form of software.

act BSWW legal & tax

act BSWW legal & tax has a strong track record acting for clients on the financing of real estate investments across Poland, including those relating to shopping centres, office complexes and residential developments. It advises on investment credit facilities, leasing and investments from external sources. The group is also knowledgeable about alternative models, including receivables discounts. Managing partner Michał Wielhorski, who heads up the practice, has a solid roster of international developer clients. Senior associate Mateusz Prokopiuk is another key practitioner.

Practice head(s):

Michał Wielhorski

Other key lawyers:

Mateusz Prokopiuk

Testimonials

‘Well-experienced, meritocratic and punctual.’

‘Michał Wielhorski is experienced and organized, reasonable, open for discussion and ready to find compromises.’

Key clients

Adventum International

Buma Group

Porto Office

Xender

Work highlights

  • Advised BUMA Group on debtor-side financing processes for residential projects.
  • Advised one of the leading international developers on over €16m refinancing of an office project.
  • Advised Adventum International, a real estate investment fund, on the refinancing of Poznań Financial Centre.

BSJP Brockhuis Jurczak Prusak Sroka Nilsson Sp. k.

At BSJP Brockhuis Jurczak Prusak Sroka Nilsson Sp. k., the key contact for banking, finance and restructuring work is Katarzyna Domańska-Mołdawa. Her expertise includes acquisition finance, asset finance and project finance, and she often works in conjunction with the firm’s real estate department. The firm is also known for its German language capabilities.

Practice head(s):

Katarzyna Domańska-Mołdawa

Key clients

WKN GmbH

Work highlights

  • Advised a German lending bank on €140m refinancing of a cross-border package acquisition of four office buildings located in Poland.
  • Advised WKN GmbH, a German wind farm developer, on EBRD’s €39m backing.
  • Advised lenders in a process of granting and securing a facility within the framework of €750m global debt restructuring of the Hemisphere Group.

FKA Furtek Komosa Aleksandrowicz

FKA Furtek Komosa Aleksandrowicz‘s team advises banks, financial institutions and industry associations on regulatory issues. It also has experience of assisting clients with banking transactions, as well as representing banks in disputes arising from Swiss franc-denominated mortgages. The practice is jointly led by co-founding partners Marek Furtek, an expert in transactional banking and disputes, and Mariusz Aleksandrowicz, who is a tax and regulatory expert.

Practice head(s):

Marek Furtek; Mariusz Aleksandrowicz

Other key lawyers:

Agnieszka Skrok; Aleksandra Metych; Katarzyna de Rosset

Key clients

Banco Santander

ZPL (Polish Leasing Association)

Work highlights

  • Advised a group of Spanish lenders led by Banco Santander on restructuring financial indebtedness of a Spanish construction and infrastructure group with respect to Polish-law security over assets in Poland.
  • Advising the Polish Leasing Association on regulatory issues.