Tomasz Ostrowski | White & Case LLP International Law Firm, Global Law Practice
Tomasz Ostrowski
Tomasz Ostrowski

Tomasz Ostrowski

Partner, Warsaw

Tomasz “focuses on acquisition, project and real estate finance. He has experience of the wider CEE region and is appreciated for ‘the way he anticipates potential problems.’”

Chambers Europe 2014


Head of the Banking & Finance practice in Warsaw, Tomasz focuses on acquisition finance, project finance, real estate finance and general syndicated corporate finance in Poland and other parts of CEE. Clients who benefit from his advice include banks, borrowers, sponsors, investment funds and venture capital/private equity funds.

Clients including Bank Pekao (UniCredit), Bank Zachodni WBK (Santander), mBank (Commerzbank), Nordea, ING, Helaba, Landesbank Berlin, Alior Bank, BGK and Mid Europa Partners seek Tomasz's hands-on knowledge of Polish and international financing deals, including real estate finance transactions involving hotels, commercial, industrial and warehouse projects. He is also experienced in acquisition and project finance transactions, and has worked on a number of high profile restructurings in Poland.

Tomasz is recognized as a Leading Individual by IFLR 1000 Financial and Corporate 2016 in the Banking, Project Finance and Real Estate Finance categories. He has also been recommended by Legal 500 EMEA and Chambers Europe in the Banking & Finance category.

Prior to joining White & Case in 2011, Tomasz worked for the Warsaw office of a Magic Circle firm, and on secondment in London.

Bars and Courts

  • Solicitor of the Senior Courts of England and Wales
  • Legal Adviser (Radca Prawny), Regional Chamber of Legal Advisers in Opole, Poland


  • Master's Degree, University of Warsaw, Faculty of Law and Administration
  • University of Warsaw, American Law Center at Faculty of Law and Administration (in cooperation with the University of Florida)


  • Polish
  • English


Refinancing of Echo Investment's portfolios, 2016

Tomasz represented Echo Investment S.A. in connection with obtaining financing of up to €132 million to refinance the current debt from Echo's four office projects and €185 million to refinance the current debt of seven shopping centres belonging to Echo.

Refinancing of Żabka Polska, 2016

Tomasz advised Bank Pekao S.A. in connection with the PLN 1.26 billion refinancing of the indebtedness of Żabka Polska sp. z o.o.

Financing of Eurocash, 2016

Tomasz represented Bank Zachodni WBK S.A. acting as agent in the up to PLN 700 million revolving credit facility provided by Bank Zachodni WBK S.A., Bank BGŻ BNP Paribas S.A., Bank Gospodarstwa Krajowego, Bank Polska Kasa Opieki S.A. and mBank S.A. to Eurocash S.A. 

Refinancing of six shopping malls, 2016

Tomasz advised Landesbank Hessen-Thüringen Girozentrale (Helaba) in connection with the €133 million refinancing of six shopping centres located in Poland.

Financing of the acquisition of the Galeria Sfera, 2015

Tomasz represented Landesbank Hessen-Thüringen Girozentrale (Helaba) in connection with the €96 million and PLN 200 million financing of the acquisition of the Galeria Sfera shopping centre.

Financing of the development of an oil field in the Baltic Sea, 2014

Tomasz represented the arrangers, Bank Pekao S.A. (UniCredit Group) and Bank Gospodarstwa Krajowego, in 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 1.8bn, was the first transaction co-financed by Polskie Inwestycje Rozwojowe S.A., a company established under the 'Polish Investments' programme. This was the first extraction project in Central Europe to be implemented using the project finance formula, and should have a favourable effect on the energy security of Poland.

KI Chemistry's tender offer for Shares in Ciech, 2014

Tomasz advised KI Chemistry s.a.r.l., a subsidiary of Kulczyk Investments S.A., on the acquisition of shares in Ciech S.A. The price offered in the tender was ultimately determined at PLN 31 per Ciech S.A. share, valuing the transaction at approximately PLN 835.5 million (€203 million). Tomasz and the White & Case team's work on this transaction included preparing the necessary tender documentation (including transaction documentation), providing legal support in the acquisition of partial financing for the tender, and advising on the transaction's compliance with the requirements of the Polish capital market.

Financing of the acquisition of Polish office portfolio for Starwood Capital, 2014

Tomasz was a key counsel advising Landesbank Hessen-Thüringen Girozentrale (Helaba) on the €136 million financing granted to Starwood Capital Group, for their acquisition of three office properties located in Warsaw and Katowice.

Polish Mobile Telecoms Operator's ground-breaking High Yield Bond Issue, 2014

Tomasz advised Polish mobile telecoms operator P4 Sp. z o.o., which trades as Play, on its ground-breaking, inaugural €870 million and PLN 130 million, dual-tranche high yield bond issue and entry into a new super senior revolving credit facility. This was the largest debut high yield bond deal since 2010, the largest Central & Eastern Europe 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. Tomasz worked as part of the Warsaw team that ran a 'dual track', local all-bank alternative to the high yield bond at the same time, preserving full financing flexibility for the client.

Refinancing of Galeria Mokotów, a landmark shopping center located in Warsaw, 2014

Tomasz represented the lenders, Berlin Hyp AG and Helaba Landesbank Hessen-Thüringen, in the €200 million refinancing of the existing indebtedness of Galeria Mokotów, a major shopping center in Warsaw. The Firm's combined strengths in banking & finance and real estate enabled us to take a leading role in this record-breaking real estate financing on the Polish market.

Refinancing of companies from Kronospan Group, 2014

Tomasz represented Bank Zachodni WBK S.A. (Santander Group), HSBC Bank plc and Erste Group Bank AG in the €200 million refinancing of Kronospan Polska sp. z o.o. and Kronospan Szczecinek sp. z o.o. Following the successful completion of this transaction within an extremely short deadline, Tomasz and his team were recommended by the borrower to the arrangers of a second refinancing project. The second financing was provided by mBank S.A. (Commerzbank Group), DNB Bank Polska S.A. and ING Bank Śląski S.A. to KM sp. z o.o. and KM Assets sp. z o.o., to refinance their €185 million indebtedness.


  • International Acquisition Finance, Law and Practice, Oxford University Press 2010, (contributor)

Awards & Recognition

Leading Lawyer, Chambers Europe 2014

Banking & Finance – Poland

Recommended Lawyer, The Legal 500 EMEA 2014

Banking & Finance – Poland