Poland's SRC Law Firm has advised landlord Golden Star Estate on the lease agreement for nearly 14,000 square meters of office space in the Konstruktorska Business Center in Warsaw to Lionbridge.

Hogan Lovells has advised Bank Millennium on its sale of an 80% stake in Millennium Financial Services to Towarzystwo Ubezpieczen na Zycie Europa and Towarzystwo Ubezpieczen Europa and their strategic bancassurance partnership. WKB Lawyers advised both buyers.

Gessel has advised Kredyt Inkaso on establishing its PLN 100 million bond issuance program and the required regulatory approvals.

Norton Rose Fulbright has advised RGreen Invest SAS on the EUR 38 million financing provided to PAD RES for the construction of a 76-megawatt photovoltaic portfolio in Poland. Clifford Chance advised PAD RES.

Clifford Chance has advised a consortium of banks on their agreement for a revolving credit facility of up to PLN 1 billion and a term loan of up to PLN 1.5 billion with Enea, granted as a sustainability-linked loan. Allen & Overy advised Enea.

Rymarz Zdort Maruta has advised the Three Seas Initiative Investment Fund on its EUR 150 million investment in R.Power. Clifford Chance advised R.Power.

Norton Rose Fulbright has advised a fund managed by Sienna Private Credit on its mezzanine financing to a Polish borrower for the construction of a 35-megawatt wind farm.

Dentons has advised HB Reavis on obtaining a EUR 475 million financing from Santander Bank Polska, Bank Pekao, Helaba, and Berlin Hyp for the development of the Varso Place building complex in Warsaw. DLA Piper reportedly advised the lenders.

Did You Know that, according to the Activity Rankings function of the CEELMDirect website, Rymarz Zdort Maruta and WKB Lawyers have worked on 14 reported Corporate/M&A client matters in the last 12 months – more than any other domestic Polish law firm?

Allen & Overy has advised Solida Capital and 1 Asset Management on a new purpose-built student accommodation project in Warsaw.

Former Counsels Aleksandra Dobrzynska-Grezel, Marek Kanczew, Jakub Krzemien, and Katarzyna Lukaszewicz have been promoted to Partners at Rymarz Zdort Maruta.

White & Case has advised issuer PKO Bank Hipoteczny and joint bookrunners Erste Group Bank and PKO Bank Polski on a PLN 500 million issuance of mortgage-covered bonds.

Baker McKenzie has advised companies from the Agencja Rozwoju Przemyslu group on their joint venture with GRI Renewable Industries for the construction of a wind tower production facility in Poland. Garrigues advised GRI.

Norton Rose Fulbright has advised Panattoni on the long-term lease and construction agreement for a built-to-suit logistics center in Radzymin to be developed for the Poczta Polska state postal service.

SSK&W has advised Wireless Instruments founders Michal Gorzad and Adrian Metelica on obtaining financing from an Assay Group private fund.

Former Counsel Rafal Siemieniec has been appointed as an Associate Partner with MFW Fialek.

New regulations allowing employers to carry out preventive and ad hoc sobriety checks on employees will come into effect on February 21, 2023. Employers will be allowed to start the checks two weeks after they publish relevant regulations in the workplace.

Recently local authorities have been hit by rising electricity costs. No-one’s surprised nowadays when electricity purchase prices rise by several hundred percent or when tenders are repeatedly cancelled. As a result, local authorities often decide to take radical steps - temporary closures of public facilities, limited street lighting or turning off the illumination of buildings have become standard in some towns and cities. There’s no doubt that a major part of the electricity purchased by local government goes on street lighting systems, which are often inefficient in terms of energy consumption. In many cases, it might be a good idea to have a look at using public-private partnerships as a way to upgrade street lighting systems and cut electricity requirements. It is also worth taking note that developing this model for implementing public tasks in the street lighting sector is explicitly included in the strategic document Polish Energy Policy until 2040 issued by the Ministry of Climate and Environment and setting the framework for the energy transition in Poland.