We have been advising and representing foreign and Polish clients doing business in Poland since we opened our Warsaw office in 1991.
For more than the last two decades, we have been evolving into one of the leading practices in all major areas of business law. We have developed an outstanding reputation for our role in a number of high-profile, pioneering transactions. As an example, the Firm actively advised on all of 2014's successful high yield bond transactions executed by Polish companies.
Highly regarded for our experience in emerging markets, our Polish clients believe that "the team is very commercial and business-oriented. The lawyers are very practical – they don't search for problems, but offer solutions" and "the team works very well between the Warsaw and London offices, which is very important for international transactions." (Chambers Europe)
Through the extensive footprint of offices worldwide, and with the continuous cooperation of lawyers from various countries, we are able to assist our clients with their most complicated cross-border transactions. Clients who seek our counsel include financial institutions, large companies, entrepreneurs, public sector companies and private investors in areas including energy, mining, telecommunications, real estate, finance, insurance and pharmaceuticals. Our advice enables them to achieve their business goals in relation to their investment plans in Poland and expansion into other markets, particularly in Central and Eastern Europe (CEE).
Our lawyers are licensed to practice law not only in Poland, but also in the United States, England and Germany. Our team also has unique experience in representing clients in domestic and international disputes and arbitration proceedings.
The Warsaw office is the focal point for English-law governed transactions in and around the CEE region. Here, we support our clients in their participation in the financing of large investment projects. We offer tailored advice regarding their investments in Polish banks and the development of new banking products.
Our success in Poland is founded on our ability to combine deep knowledge of the issues that are relevant to our clients and our global experience.
AWARDS & RECOGNITION
European Law Firm of the Year 2014
Chambers Europe Awards for Excellence
Band 2: Capital Markets Debt and Equity, Dispute Resolution
Chambers Global 2015 and Chambers Europe 2015
Band 2: Corporate/M&A
Chambers Global 2015
Band 1: Dispute Resolution in Poland
The Legal 500 EMEA 2015
Band 2: Corporate/M&A, Capital Markets (Debt and Equity) and Tax
The Legal 500 2015
PKP CARGO S.A
We represented Goldman Sachs, Morgan Stanley and DM PKO BP acting as global coordinators and joint bookrunners, Ipopema Securities, Raiffeisen Centrobank AG and UniCredit acting as joint bookrunners and DI Investors and Mercurius DM acting as domestic co-bookrunners in connection with the privatisation and PLN 1.42 billion (US$460 million) IPO of PKP CARGO S.A., the state-owned rail freight operator. This transaction was the first successful IPO of an EU-based rail freight operator and consisted of a public offering in Poland and an international offering to institutional investors outside Poland and the United States under Regulation S and to qualified institutional buyers in the United States under Rule 144A.
Jastrzębska Spółka Węglowa S.A.
We represented Jastrzębska Spółka Węglowa S.A. (JSW) in its privatisation initial public offering and admission to trading of its shares on the Warsaw Stock Exchange (WSE). JSW is Europe's largest producer of high-quality coking coal and a significant producer of coke, one of the main components in the production of steel. The transaction consisted of the sale by Poland's State Treasury of shares representing a 33.1 percent stake in JSW worth PLN 5.37 billion (US$2 billion) by way of a public offering in Poland and an international offering to institutional investors outside Poland and the United States under Regulation S and to qualified institutional buyers in the United States under Rule 144A. The IPO managers comprised both Polish and international banks, including: Citibank, Goldman Sachs, J.P. Morgan Securities Ltd. and UniCredit. The transaction was the largest privatisation and IPO in Poland in 2011, the fourth-largest IPO in the history of the WSE, and the second-largest European IPO in the first half of 2011.
P4 sp. z o.o.
We advised this Polish mobile telecoms operator on its groundbreaking, inaugural €870 million and PLN 130 million, dual-tranche high yield bond issue and entry into a new super senior revolving credit facility. As of the transaction date, it was the largest debut high yield bond deal since 2010, the largest CEE high yield deal ever, the second-largest European telecoms debut ever and the first ever Polish zloty-denominated high yield bond issued on the international capital markets.
We represented Synthos S.A., one of the leading manufacturers of chemical raw materials in CEE, headquartered in Poland, in connection with the New York law governed Regulation S/Rule 144A high yield bond offering of €350 million 4.000% senior notes due 2021 and listing on the Global Exchange Market of the Irish Stock Exchange.
We represented KI Chemistry s.à r.l., a subsidiary of Kulczyk Investments S.A., in connection with the acquisition of a majority of shares in CIECH S.A., the leading European chemical company and the second-largest producer of soda ash in Europe. The transaction was carried out by way of a tender offer for the acquisition of up to 66 percent of the issued share capital of CIECH S.A. Value of the transaction was PLN 835 million (US$278 million).
Jastrzębska Spółka Węglowa S.A.
We advised JSW on the acquisition of an organised part of the enterprise of Kompania Węglowa S.A., including the Knurów-Szczygłowice coal mine, for PLN 1.49 billion.
Bank Pekao S.A. (UniCredit Group) and BGK
We represented the arrangers in connection with the US$210 million and PLN 80 million financing of the development of an oil field in the Baltic Sea by LOTOS Petrobaltic S.A. The project, worth nearly PLN 1.8 billion, is the first transaction co-financed by Polskie Inwestycje Rozwojowe S.A.
European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), and Bank Pekao S.A. (UniCredit Group)
We advised in connection with the financing of approx. PLN 1.4 billion for the construction and operation of a combined cycle gas turbine unit in Stalowa Wola Heat and Power Plant.
Berlin Hyp AG and Helaba Landesbank Hessen-Thüringen
We represented the clients in connection with the €200 million refinancing of the existing indebtedness of Galeria Mokotów, a major shopping centre in Warsaw.
BRE Bank S.A.
We represent the bank in the first group action in Poland regarding alleged improper modifications of mortgage rates denominated in CHF (approximately 1,250 plaintiffs).