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act BSWW advises Rank Progress on further land acquisition for new investment projects

act BSWW has consulted on Rank Progress’ purchase of nearly 6.83 hectares of land worth almost PLN 24m net.

On November 19, 2020, Rank Progress Spółka Akcyjna Otwock spółka komandytowa (a subsidiary of Rank Progress S.A.) and Rank Progress S.A. entered into two final agreements for acquisition of ownership title to a land lot of 6.83 ha.

The property is located in Otwock. The transaction value is PLN 23.97 million.

The law firm provided a comprehensive range of legal advisory services, including a due diligence audit of the property.

The law firm’s team was supervised by Michał Wielhorski, Managing Partner at act BSWW. The team was made up of Mateusz Prokopiuk, Partner (transaction advisory), and Michał Sołtyszewski, Partner (due diligence).

“This is yet another project of this kind, on which we advise our Client,” says Michał Wielhorski.

Rank Progress is an investment and development company which has become a market leader when it comes to development of retail spaces. It is listed on the Warsaw Stock Exchange.

act BSWW advises TIM S.A. on sale of Rotopino.pl

act BSWW consulted TIM S.A. on the sale of 100% equity stake in Rotopino.pl

November 26, 2020 saw the execution of the conditional agreement for the sale of stocks in Rotopino.pl between TIM S.A. and Oponeo.pl S.A.

TIM S.A. intends to sell its 100% equity stake in Rotopino.pl for PLN 35 million. In order for the final agreement to be executed and for Oponeo.pl S.A. to acquire the stake, it is necessary to obtain an unconditional and final approval of the President of the Office of Competition and Consumer Protection for the intended concentration.

The law firm provided the seller with a comprehensive range of legal advisory services.

The transaction was handled by Mateusz Prokopiuk, Partner at act BSWW. Anna Sawaryn, Senior Associate, consulted on issues related to the procedure held before the Office of Competition and Consumer Protection.

The project team was supervised by Michał Wielhorski, Managing Partner.

Rotopino.pl S.A., with its registered office in Bydgoszcz, operates domestically and internationally, focusing predominantly on online sales of manual and electrical tools. It has over a dozen e-stores, including narzedzia.pl and rotopino.pl. The company’s rapid growth over the past few years has turned it into the domestic market leader. In 2019, its revenues reached PLN 65.5 million.

act BSWW at the conference “New Public Procurement Law”

An on-line conference on public procurement procedures in view of the forthcoming Public Procurement Law Act will be held on December 1 – 3, 2021.

Sebastian Pietrzyk, attorney-at-law, Partner and Co-Head of Public Procurement at act BSWW, will deliver the analysis of needs and requirements according to the new Public Procurement Law.

The event’s program and participation details are available here.

The conference is organized by Must Read Media.

 

act BSWW moves to new downtown office at Varso Place

act BSWW, one of Poland’s largest law firms and a member of the European act legal group, has just relocated to Varso Place, considered among the most modern and prestigious mixed-use developments in Poland, and boasting features that make it unique in Europe.

The law firm has leased over 2,000 square meters of office space, occupying two levels at Varso 2, one of the three buildings that make up the project. The office buildings are directly linked to
the Central Railway Station.

“Given act BSWW’s ongoing growth, we needed more space. Varso 2, a flexible and multifunctional complex, perfectly matches our needs for years to come. We are pleased to have been given the opportunity to contribute to the success of this project implemented by HR Reavis – the developer that uses the legal services of both act BSWW and act legal in Europe,” says Michał Wielhorski, Managing Partner at act BSWW.

“Our choice was based on a variety of factors, including the project’s high standard, downtown location, transport links and a broad range of amenities for our clients and staff. The complex was designed and developed to the highest international standards. It is going to be a real pleasure for us to work here,” adds Piotr Wojnar, Managing Partner at act BSWW.

Located in the very heart of Warsaw, Varso Place is a unique project designed for business, residents and tourists. It is made up of three towers set along the western section of Chmielna street, across Złote Tarasy shopping mall. Two out of three Varso Place buildings have already been delivered, with the first tenants moving in. The most prominent feature will be the 310-meter-high Varso Tower, about to become the European Union’s highest building. The construction works are scheduled to finish in early 2022.

act BSWW has been building its reputation among Polish and foreign clients for almost 20 years. The law firm provides ongoing legal services to businesses, consults on prestigious transactions and handles complex litigation. It is one of the founding members of act legal, a European alliance of law firms operating in 10 countries. act legal has over 400 lawyers, tax advisors and business experts.

Legal alert: Restrictions on business operations in retail developments

Restrictions on business operations in retail developments with a sales area of over 2,000 square metres, introduced under the Regulation of the Council of Ministers of November 06, 2020

Below you will our analysis of the Regulation of the Council of Ministers, dated November 06, 2020 (“Regulation 06/11”), in terms of the restrictions, bans and orders related to the state of epidemic, which are relevant for retail operations in commercial developments (collectively referred to as the “Restrictions”).

I. CONCLUSIONS

1. When do the Restrictions apply?

The Restrictions are in force between the effective date of Regulation 06/11, i.e. November 07, 2020, and November 29, 2020.

2. What types of developments/facilities are covered by the Restricitons?

The Restrictions apply to business operations in retail developments with a sales area of over 2,000 square metres.

This means that they concern:
– shopping malls;
– retail parks;
– mixed-use developments;
– other buildings where retail operations are conducted,
so long as the total sales area in such developments exceeds 2,000 square metres.

3. Who are the Restrictions targeted at?

The Restrictions are targeted at the owners and tenants of retail premises, unless their operations are not banned.

4. What is the nature of the Restrictions?

The Restrictions are universal and negative in nature, which basically means that it is not allowed to engage in retail operations, unless the sale of specific products or services is expressly permitted under Regulation 06/11.

5. What bans have been implemented for retail sales?

The owners or tenants of retail units located in the developments referred to in section 2 above are not allowed to conduct any retail operations unless such operations predominantly involve the sale of:
– food;
– cosmetics other than fragrances and beauty products;
– toiletries;
– cleaning agents;
– medicinal products (incl. ones sold at pharmacies);
– medical devices;
– foodstuffs for particular nutritional uses;
– books or newspapers/magazines;
– construction / DIY products;
– pet supplies;
–  telecommunications services;
– vehicle parts and accessories;
– fuels.

A given entity may only perform business operations in the developments referred to in section 2 hereof if those operations are focused primarily on the sale of any of the above.

6. What bans have been implemented for services?

The owners or tenants of retail units located in the developments referred to in section 2 above are not allowed to perform any services unless their operations predominantly entail:
– hairstyling and cosmetic services;
– eye care services;
– medical services;
– banking services;
– postal, logistics and package delivery services;
– insurance services;
– repair of motor vehicles, tires and inner tubes;
– car wash services;
– locksmith services;
– shoe repair services;
– tailoring services;
– dry cleaning services;
– food services consisting exclusively in the preparation of food for takeaway and delivery.

A given entity may only perform business operations in the developments referred to in section 2 hereof if those operations are focused primarily on any of the services listed above.

7. Ban on the operation of retail kiosks

It is completely forbidden to offer any products/services through mall kiosks. The ban is universal in nature, meaning that it applies to all entities and all sorts of operations (retail sales and services), with no exceptions.

8. Who is covered by the Restrictions?

When it comes to retail sales and services, the Restrictions are targeted at the owners and tenants of retail units.

They apply to entities that are the owners or tenants of commercial premises and conduct business operations in them.

As regards retail kiosks, the ban applies to all entities that operate such kiosks.

The Restrictions are not targeted at the owners, managers or operators of the developments referred to in section 2 above, unless they also conduct business operations that are not expressly permitted.

9. Do retail developments with a sales area of over 2,000 square metres have to be closed until November 29, 2020?

Regulation 06/11 does not oblige the owners, managers or operators to close such buildings. As mentioned above, the Restrictions are directed at entities that actually perform retail operations.

II. OTHER CHANGES ARISING FROM REGULATION 06/11, WHICH ARE RELEVANT FOR THE OWNERS AND OPERATORS OF RETAIL PREMISES

§7 section 4 of the Regulation of the Council of Ministers of October 09, 2020 has been amended as follows:
– retail developments with a sales area of over 2,000 m2,
– retail sites, as defined in article 3 section 1 of the Retail Limitations on Sundays, Public Holidays and Some Other Days Act of January 10, 2018, and
– postal services facilities
can only allow:
1) 1 person per 10 square metres – for developments/sites with a sales area of no more than 100 square metres;
2) 1 person per 15 square metres – for developments/sites with a sales area of over 100 square metres.

Pursuant to the aforesaid Regulation of October 09, 2020 (as amended on October 23, 2020), the maximum number of people in item 1 above was 5 per cash-desk (excl. staff).

III. LEGAL BASIS

This Alert has been prepared on the basis of the following legal regulations:
– Regulation issued by the Council of Ministers on November 06, 2020, amending the regulation establishing specific limitations, orders and bans in relation to the state of epidemic;
– Regulation issued by the Council of Ministers on October 09, 2020, establishing specific limitations, orders and bans in relation to the state of epidemic.

IV. ASSUMPTIONS AND RESERVATIONS

1. This Alert is only based on the Polish legal regulations that are in effect as of the Alert date. It is limited to the scope specified in part I hereof.

2. This Alert concerns issues that may be subject to decisions / rulings made by competent courts or administrative authorities. The Alert shall not be construed as a guarantee that any potential decisions / rulings issued by competent courts or administrative authorities will be consistent with the information provided herein.

Please feel free to contact us for any questions you might have.

Michał Wielhorski
Attorney-at-law | Managing Partner
michal.wielhorski@actlegal-bsww.com
+48 605 911 303

Alicja Sołtyszewska
Legal counsel | Partner
alicja.soltyszewska@actlegal-bsww.com
+48 604 608 728

Izabela Żmijewska
Attorney-at-law | Senior Associate
izabela.zmijewska@actlegal-bsww.com
+48 603 300 382