Wardynski & Partners has advised merchant acquiring services company Centrum Rozliczen Elektronicznych Polskie ePlatnosci on the spin-off and transfer of its full customer portfolio and all company processes to national payment institution Polskie ePlatnosci and supported the latter in obtaining bank financing for its ongoing settlements with merchants. Clifford Chance reportedly advised the lender.
According to the firm, the reorganization enabled "the burden of activity to be shifted from CRE PeP, a process company, to Polskie ePlatnosci, a national payment institution [and] one of the largest payment service providers in Poland, particularly in accepting and processing payment transactions."
The Wardynski & Partners team included Partners Daniel Smarduch, Kinga Ziemnicka, and Krzysztof Wojdylo, Counsel Konrad Werner, Senior Associates Piotr Zabkiewicz and Rafal Kuchta, Associate Filip Kurys, and Junior Associates Paulina Adamczyk and Adam Strzelecki.
