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Norton Rose Fulbright Appoints New Leadership in Warsaw

Warsaw is the capital and largest city of Poland. The metropolis stands on the River Vistula in east-central Poland and its population is officially estimated at 1.8 million residents within a greater metropolitan area of 3.1 million residents, which makes Warsaw the 7th most-populous capital city in the EU. 

Norton Rose Fulbright has appointed Grzegorz Dyczkowski, the head of its Warsaw banking and finance team, as managing partner of the Warsaw office. Grzegorz succeeds Piotr Strawa, the founder of Warsaw office of Norton Rose Fulbright who has served as managing partner since 2000.

Norton Rose is an international law firm. It is the second largest law firm in the United States and one of the ten largest in the world, by both lawyers and revenue. In 2017/18, Norton Rose Fulbright had total revenue of US$2.1 billion.

Regarding his new role, Grzegorz said: “I’m honoured to be appointed to the role of managing partner of Norton Rose Fulbright in Poland. With the support of my colleagues, we will continue to establish our practice as a leader in several areas of law: banking and finance, mergers and acquisitions and corporate and real estate.

Together with our Warsaw lawyers and by collaborating with other offices worldwide, we will enhance our reputation, nationally and globally, as a prominent law firm. I would like to thank Piotr Strawa for his contribution to the success of Norton Rose Fulbright in Poland.

Piotr has served as the managing partner for twenty years and, only because of his commitment and work, our law firm enjoys its present position and recognition.”

An Attorney-at-Law since 1998, Grzegorz joined Norton Rose Fulbright in 2003 and was appointed a partner in 2006. By effecting a change of the managing partner, the firm is also now renamed as Norton Rose Fulbright Dyczkowski and Partners, Limited Partnership.

Dentons Law Firm Advises Aviva Investors

Dentons is a multinational law firm. Dentons was the world’s 5th-largest law firm by revenue, with $2.9B gross revenue in fiscal year 2019. The firm is called Dentons in all languages other than Chinese, in which it is called 大成.

Dentons advised Aviva Investors on the sale of a portfolio of two warehouses to a construction company managed by Dentons advised Aviva Investors on the sale of a portfolio of two warehouses to a construction company managed by Griffin Real Estate.

Wrocław Business Park is a complex of two modern warehouse halls located in Wrocław at Bierutowska Street with a total of 9000 square metres of gross floor area.

Wroclaw Business Park is a logistics centre comprising two modern warehouse buildings of 4800 square metres and 4500 square metres developed according to highest class A standards.

The minimum unit size for rent is 900 square metres Park offers truck courts for manoeuvring, parking spaces and 24 h security.

The divested portfolio enables to carry out orders based on the Crossdock Management System, which allows for repackaging of delivered goods and sending them directly to recipients without additional storage.

The transaction was managed by senior associate Hanna Żarska with the support of associate Adrianna Kończak from Dentons’ Real Estate team in Warsaw. Managing counsel Tomasz Krasowski advised on the tax aspects of the transaction.

Hogan Lovells Warsaw Wins Freedom of Speech Case

At the request of the Helsinki Foundation for Human Rights, the lawyers from Hogan Lovells Warsaw represented the Malta Foundation in the court case concerning an unpaid subsidy. The Polish Ministry of Culture and National Heritage decided not to follow the terms and conditions of the concluded contract, and refrained from paying out the granted subsidy for the Malta Festival.

In its press releases, the Ministry revealed that it had disagreed with performances previously carried out by Mr Oliver Frljić, one of the festival’s curators. The Circuit Court in Warsaw awarded the Malta Foundation’s claim in its entirety. Recently, on 8 July 2020, the Appellate Court in Warsaw dismissed the Ministry’s appeal.

This case has set a precedent. It was the first case in which the Polish Ministry for Culture decided not to pay out a granted subsidy due to its disapproval of one particular artist. A theatre director Mr Oliver Frljić was one of the festival’s curators. He also happened to be the author of the play The Curse, which created a great deal of controversy in some sections of society, and was met with accusations of offending religious feelings.

The Constitution of the Republic of Poland guarantees everyone freedom of artistic expression and freedom to enjoy cultural events. In Poland, culture is financed mainly from public national funds. Leaving the Ministry in sole charge of the decision whether to pay out the granted subsidy creates a risk of the soft censorship. Therefore, it is critical that the Ministry follows the rules to which it originally consented in the concluded subsidy agreement.

In the Malta Foundation case, the court clearly stated that the Ministry violated its obligations. The judge explained that the choice of the curator could not have served as sufficient reason for the Ministry’s failure to pay out the granted subsidy. The contract did not give the Ministry the power to freeze the money because of its, even acute, dislike of Mr Oliver Frljić.

The case is being handled under the Helsinki Foundation for Human Rights’ Precedent Matters Program. The Malta Foundation was represented, pro-bono, by the lawyers Dr Wojciech Marchwicki and Mr Przemysław Tacij from the Hogan Lovells Warsaw office.

Hogan Lovells Advised ISOC Group on Latest Acquisition

An acquisition is when one company purchases most or all of another company’s shares to gain control of that company. Purchasing more than 50% of a target firm’s stock and other assets allows the acquirer to make decisions about the newly acquired assets without the approval of the company’s other shareholders.

The Hogan Lovells Warsaw Office have advised ISOC Group in the acquisition of the A and B buildings of the Silesia Business Park from the Swedish investor, Niam.

The Silesia Business Park is located in the most dynamic business district in Katowice, Poland and the transaction involved two class A office buildings with a leasable area of over 24000 sq.m. The transaction means that ISOC Group will become the exclusive owner of the entire Silesia Business Park complex and the acquisition marks another real estate investment of the ISOC Group in the Polish market.

ISOC Group is a real estate and industrial infrastructure investment company based in the Philippines, with stakes in telecommunications, logistics and cold chain. In 2019, ISOC was shortlisted for the real estate Eurobuild Investor of the Year award.

On the Purchaser’s side, the transaction was executed by counsel Bartosz Clemenz; Head of Hogan Lovells Warsaw real estate practice, partner Marek Grodek, supervised the transaction and coordinated the multidisciplinary legal team.

The full real estate transaction team comprised of senior associates Ewa Kraszewska, dr Katarzyna Sulimierska, associate Adam Nowosielski, as well as lawyers Paweł Gnaś, Daria Kostewicz and Karolina Samocik. Partner Piotr Zawiślak, and senior associate Mateusz Dereszyński advised on the financing aspects of the transaction while counsel Ewa Kacperek, and Weronika Wołosiuk advised on intellectual property law.

This is another significant deal concerning Asian investment into commercial property in Poland, which the Hogan Lovells Warsaw office have recently been involved in.

Schoenherr strengthens Warsaw real estate practice group

Schoenherr Warsaw further strengthens its real estate practice with the addition of three highly qualified specialists. They bring a wealth of knowledge and an excellent track record to Schoenherr’s dynamic Polish office. Prior to joining Schoenherr, the new team members worked in real estate and real estate finance with leading international firms in Poland.

  • Marta Bijak-Haiduk, joining as partner, has vast experience with various types of real estate transactions, including JVs, financing structures, asset and share deals. She has represented clients in negotiations of lease agreements concerning logistics, office and retail buildings as well as in build-to-own development agreements, and advised on the construction process. Marta takes over the helm of the firm’s real estate practice.
  • Dominika Sulak-Seyfried, senior attorney at law/advocate, focuses on advising domestic and international entities on real estate transactions, as well as construction and development projects, including various aspects of financing.
  • Patrycja Czarnecka, associate/advocate, works primarily on transactional real estate matters and her legal career has been focused on various real estate transaction related topics.

“Schoenherr has a strong real estate practice in the CEE/SEE,” said partner Sebastian Gutiu, who co-heads Schoenherr’s real estate practice. “As Poland continues to play a key role in the regional real estate market, we are confident that the consolidation of our specialised team in Warsaw will add value for our clients and our firm.”

“I am delighted to welcome Marta, Dominika and Patrycja to our Warsaw practice,” the office’s managing partner Paweł Halwa added. “I am convinced that they are a great fit for our team and that the strengthened real estate practice led by Marta will further boost our growth in Poland.”

“This is an amazing experience to be a member of Schoenherr and I am eager to continue to develop the real estate practice together with such an exceptional team,” said the new head of the Warsaw real estate team, Marta Bijak-Haiduk.

Schoenherr Poland

Schoenherr’s Warsaw office is a full-service practice that focuses on mergers & acquisitions, capital markets, banking & finance, real estate and energy. Our team of lawyers advises domestic and international clients on investing in Poland and on cross-border transactions. We have particular experience in mergers and acquisitions, joint ventures, private equity, privatisations, public takeovers, initial public offerings, real estate acquisition, sale and development, financing of M&A and real estate projects and renewable energy. Our client list includes national and international corporate groups from several industries, including banks, real estate developers, investment funds, private equity funds, manufacturers, distributors and industrial companies.

Law Firm Announces Record Global Revenues

Multinational law firm Baker McKenzie has announced record revenues for the fiscal year ended 30 June 2019 of $2.92 billion.

In terms of constant currency, Baker’s revenues were up 4.4% compared to the previous year. In United States dollar terms, the law firms reporting currency, this translates into growth of 1.2%, after the effect of adverse currency exchange.

Revenue is the money generated from normal business operations, calculated as the average sales price times the number of units sold. It is the top line figure from which costs are subtracted to determine net income. Revenue is also known as sales on the income statement.

Baker McKenzie remains the most geographically diverse global law firm and all of our regions recorded growth as follows: EMEA +5.2%, AP +2.1%, LA +9.0% and NA +4.0%

All of their key financial metrics improved over last year: revenue growth, net income, profit margin, Profits per Partner, Revenue per Partner and Profits per Lawyer. Baker are especially pleased to accomplish this amid a market with flat demand.

PPP was up by 3% to $1.48 million in United States dollars. Overall net income or profit rose by 2% to $1 billion. Over the last decade the law firm has grown by 40% in terms of revenue and 50% in terms of PPP, outperforming most of our competitors.

Among our standout markets, all with significant double-digit growth, include Bogota, Buenos Aires, London, Prague, Turkey and Warsaw.

Baker McKenzie Overview

Baker McKenzie is a multinational law firm headquartered in Chicago, Illinois. Founded in 1949 as Baker & McKenzie, it has 77 offices in 46 countries, and over 6000 lawyers worldwide. It is one of the largest law firms in the world by headcount and revenue.