Author: Kancelaria

act BSWW has advised Heli Aviation Service Sp. z o.o. on the purchase of the state-of-the-art AW169 helicopter manufactured by Leonardo S.p.A., an Italian company that is the worldwide industry leader (formerly AgustaWestland). Belonging to the AWFamily of products, the AW169 is the latest-generation 4.5 tonne class twin-engine helicopter.

Lawyers from act BSWW were supporting Heli Aviation Service Sp. z o.o. throughout the process of helicopter acquisition. The scope of services included support in negotiations and deal closing, as well as delivery and registration of the first AW169 model in Poland. The project was handled by Marek Wojnar, attorney-at-law and one of the Managing Partners leading the law firm’s Italian Desk. He was supported by Magdalena Piotrowska, trainee legal counsel.

“We are pleased with the confidence our partners placed in us. Purchase of a helicopter is generally a challenging transaction, even more so when it has to be carried out under complex actual or legal circumstances. In this case, we had to cooperate (among others) with a partnering law firm from the UK. This is yet another example of a comprehensive range of activities taken by our Italian Desk which does not only work with Italian investors in Poland, but also supports Polish investors in their transactions in Italy,” says Marek Wojnar.

act BSWW has consulted on Rank Progress’ sale of over 8 hectares of investment land worth more than PLN 75m net.

On May 09, 2019, Rank Progress S.A. entered into another amending annex to the investment agreement with Vantage Development S.A., aimed at defining the rules and stages of a joint investment project involving a residential estate with complementary retail and office functions, i.e. Port Popowice in Wrocław. The document specifies the principles of joint venture’s acquisition of perpetual usufruct to land and partners’ additional financial contributions.

Additionally, act BSWW was supporting Rank Progress S.A. with respect to return assignment of the investment land by BOŚ S.A.

Michał Wielhorski, Managing Partner, acted as the team leader. The team was made up of Mateusz Prokopiuk, Senior Associate, and Małgorzata Wąsowska, Partner and Head of Tax.

“We have been advising Rank Progress from the very start of its joint venture with Vantage Development, covering the highly ambitious and unique project of Port Popowice,” says Michał Wielhorski.

Port Popowice combines a former inland port with sophisticated architecture, contemporary design and functional spaces. The project, whose implementation is going to take roughly 10 years, involves development of approx. 2,500 apartments, modern office areas (14,500 m2) and commercial premises (17,000 m2). The renewed dock is going to be the heart of the whole project.

More about the project.

We are delighted to announce that we have received industry recognition from The Legal 500 EMEA 2019 in seven categories and numerous individual recommendations for our practitioners.

Recommendations for the law firm:
– banking and finance
– capital markets
– commercial, corporate and M&A
– construction
– dispute resolution
– employment
– white-collar crime

Recommended individuals:
– Jacek Bieniak
– Piotr Smołuch
– Michał Wielhorski
– Piotr Wojnar
– Marek Wojnar
– Magdalena Banaszczyk-Głowacka
– Marta Kosiedowska
– Katarzyna Marzec
– Piotr Pośnik
– Sebastian Sury

The Legal 500 is one of the world’s largest legal referral guides.
Click here for more information.

On March 12, 2019, Strabag sp. z o.o. entered into an agreement for the purchase of Atrium International in Warsaw.

Atrium International is a 6-storey office building offering over 12,000 square meters of lease area, located in Warsaw’s central business district, which is considered to be among the most sought-after investment locations in Central and Eastern Europe.

act BSWW was advising Strabag throughout the process of acquisition of Atrium International. The scope of legal services included due diligence audit, preparation of transaction-related documents, as well as support in negotiations and deal closing.

The project team was headed by Marek Wojnar (Managing Partner, attorney-at-law) and Marta Kosiedowska (Partner, legal counsel). They were supported by Katarzyna Marzec (Partner, legal counsel), Magdalena Banasczyk-Głowacka (Partner, legal counsel), Michał Sołtyszewski (Partner, attorney-at-law) and Katarzyna Góra (Associate, trainee attorney-at-law).

“Our law firm has been working with Strabag Group on dozens of real estate transactions over the past years. We are proud that the company once again put its trust in us with respect to such a significant project, acknowledging our knowledge and abilities,” says Marek Wojnar.

“Our Client has acquired a popular office building that boasts vast investment potential and makes it possible to develop one of Warsaw’s highest office towers,” adds Marta Kosiedowska.

YIT, Finland’s leading developer which also operates in Poland, acquired a nearly 6-hecate land lot in the Warsaw district of Bemowo. The intended project (Nordic Bemowo) will feature a residential estate in a perfect location, close to two newly-emerging stations of the second metro line. It is going to be implemented in stages, seeing a total of over 600 apartments. The current stage of the project involves conceptual and design works.

 

act BSWW was advising YIT throughout the process of acquisition of the real property. The scope of consulting services included a due diligence review of the property, preparation of transaction documents, support in negotiations and closing the deal. Michał Wielhorski (attorney-at-law and Managing Partner at act BSWW) acted as the team leader. He was supported by Mateusz Prokopiuk (attorney-at-law, Senior Associate) and Michał Sołtyszewski (attorney-at-law, Senior Associate). Tax issues were handled by Małgorzata Wąsowska, Head of Tax at act BSWW.

 

“It is of great importance for us to be able to work with such renowned developers operating in Warsaw’s real estate market. We appreciate the opportunity to be involved in this project and provide comprehensive advisory at each stage,” says Michał Wielhorski.

We are delighted to announce that Chambers Europe 2019 (www.chambers.com) recommended act BSWW in the following practice areas: Real Estate and Capital Markets: Debt.

act BSWW was advising NEO Hospital Group (that runs “Szpital na Klinach” in Kraków) on the acquisition of a uniquely modern da Vinci surgical system.

It is a medical robot developed by a US-based corporation, Intuitive Surgical. It was designed in order to facilitate complex surgery using a minimally invasive approach. It is applied predominantly during gynecological, urologic and cardiac surgeries.

The scope of the law firm’s works included negotiations with the supplier, private investors and the financing entity.

The project team was headed by Piotr Smołuch (attorney-at-law, Managing Partner). He was supported by Michał Pawlak (legal counsel, Senior Associate).

“We are pleased to have been given a chance to work on a transaction involving the purchase of such an innovative product,” says Piotr Smołuch.

On February 28, 2019, Strabag PFS Austria GmbH (member of Strabag Group) signed an agreement to purchase 100% shares in Caverion Polska Sp. z o.o. The previous owner, Caverion Oyj (Finland), decided to withdraw from the Polish market. The company’s operations were focused on technical facility management.

Caverion Polska, established in 1993, had a workforce of 170. Its 2017 turnover was approx. EUR 12m, with most generated by technical facility management (and the rest by industrial installations).

The transaction value has not been disclosed.

act BSWW was advising Strabag Group throughout the process of acquisition of Caverion Polska’s shares. The scope of consulting services included a due diligence review of the company, preparation of transaction documents, support in negotiations and representation in anti-trust clearance procedures before the Office of Competition and Consumer Protection.

The project team was led by Marek Wojnar (attorney-at-law, Managing Partner). He was supported by Marta Kosiedowska (legal counsel, Partner) and Katarzyna Góra (trainee attorney-at-law, Associate).

“We are happy to win yet again the trust of Strabag Group, market leader that stands for top quality. The Client clearly appreciates our knowledge, skills and experience in M&A transactions, especially with respect to extension of business operations in Poland, which is a highly sensitive and challenging area,” says Marek Wojnar.