Drakopoulos has advised the European Commission's Directorate-General for Energy on reviewing the transposition process of Directive 2018/2001 (RED II) on the promotion of the use of energy from renewable sources into the Greek legal framework. Dimitrov Petrov & Co, Kirm Perpar, Wardynski & Partners, and Kinstellar Croatian affiliate Zuric i Partneri advised on the transposition review in Bulgaria, Slovenia, Poland, and Croatia, respectively. CLM Bitai & Partners and Vojcik & Partners also reportedly advised the European Commission.

Poland has been experiencing a boom in its renewable energy sector – with work originating from the auction support system and also from corporate PPA transactions – which is flowing over to other market segments, according to Dentons Partner Christian Schnell.

CMS has advised Volkswagen Financial Services on a PLN 410 million bond issuance under an updated bond program with a new total maximum of PLN 5 billion.

Norton Rose Fulbright has advised Gaz-System's senior lenders on the arrangements for Gaz-System's new PLN 1 billion subordinated loan from the Polish Development Fund. Allen & Overy advised Gaz-System. Clifford Chance advised the European Investment Bank. Linklaters reportedly advised the Polish Development Fund.

Diligent planning and proper execution of an acquisition is a significant step leading to a successful completion of an M&A transaction. This is especially true when an acquisition takes place in uncertain economic times. The current dynamic situation in Poland, including rising inflation and spiraling interest rates largely driven by post-pandemic demand and the war in Ukraine, means that investors need to react quickly, yet very carefully when structuring a deal. 

With the war in Ukraine raging for more than six months, law firms across the region have reported increased workloads in corporate and M&A, tax, employment, immigration law, and inquiries on the sanctions regimes in relevant jurisdictions, noting that companies from Ukraine, Russia, and Belarus are variously looking for a new home. Whether to avoid sanctions or escape the war, those companies consider a variety of factors in determining where to go.

Gessel has advised Medicalgorithmics on its approximately PLN 220 million sale of a 49.99% stake in the company to investor Biofund.

White & Case has advised Eurowag subsidiary WAG Payment Solutions on its full acquisition of Grupa Inelo from Innova Capital, European Telematics Holding, and others. Rymarz Zdort advised the sellers.

CMS has advised a consortium of Zagrebacka Banka, the Croatian Bank for Reconstruction and Development, and the EBRD on financing Taaleri Energia and Encro's EUR 126 million project to build two onshore wind farms near Zadar.

Baker McKenzie has advised Equilis and Acteeum joint venture Ace 6 on its EUR 40 million sale of the Galeria Andrychow shopping center to Big Shopping Centers. CMS advised the buyer.

B2RLaw has advised Vestas on the establishment of a factory for offshore wind turbines in Szczecin.

Former Globalworth Head of Legal Judyta Sawicka has joined Echo Investment in Poland as its Head of Investment and Divestment.

Former Noerr Partner and Head of Warsaw office Radoslaw Biedecki has joined DWF’s Warsaw team as a Senior Counsel.

Sorainen has advised Sunly on raising approximately EUR 200 million to expand its renewable energy portfolio in the Baltics and Poland. The fundraising included existing shareholders and new investor Mirova. Ellex and Linklaters advised Mirova on the investment.

Sorainen has advised the INVL Baltic Sea Growth Fund on its investment in LuxVet through INVL portfolio company MiniVet. DLA Piper’s Luxembourg office reportedly advised the INVL Baltic Sea Growth Fund as well.

The new Polish company law shows promise for attracting foreign investors, while the Polish residential real estate market is struggling, according to Solivan Partner Bartosz Miszkurka.

Kubas Kos Galkowski has advised IMS Budownictwo on the sale of office building B in the Zablocie Business Park complex in Krakow to the Uniqa Group. Schoenherr reportedly advised Uniqa.

Gessel has advised Asist and its founder Rafal Cwiklinski on the sale of a stake in the company to the PIB Agency. Greenberg Traurig advised the buyers.