What's new at DZP?
On 13 June, Tauron signed two investment agreements creating corporate venture capital investment funds. They will be the first of their type on the Polish market aimed at investing in innovative solutions and enterprises in response to market challenges in the areas of the Tauron group’s operations.
In an agreement concluded under the Polish Development Fund National Centre for Research and Development Corporate Venture Capital (CVC) programme, Tauron together with Polish Development Fund and EEC Ventures created a CVC fund with declared capitalisation of PLN 160 million. The fund will invest in companies developing innovative technologies in the energy sector. This is the first investment fund of its type in Poland.
Moreover, also with the participation of Tauron, the Polish Development Fund and EEC Ventures, under the Polish Development Fund Starter programme, an investment fund with target capitalisation of PLN 50 million was set up to invest in innovative enterprises creating solutions for the energy sector that are at an early stage of development.
DZP was Tauron’s legal adviser in the project. As regards state aid, the advisers were Anna Glapa, Partner, and Aneta Włoszek, Associate, while Marta Balcerowska, Associate, advised on competition law aspects. Support in all other legal aspects, including the structures of the two funds, corporate governance solutions, and negotiating the investment agreements and other transaction documentations, was provided by Damian Szczygielski, Senior Associate, and – as the head of the advisory team – Paweł Pioruński, Partner.
On behalf of the advisory team, we would like to thank all those involved in the project at Tauron, the Polish Development Fund and EEC Ventures. We are sure that the efforts of all the parties creating the two funds will bring new quality to the Polish venture capital market.
From 25 May 2018 the General Data Protection Regulation (GDPR) applies in Poland and other European Union countries. We would therefore like to give you several details on the subject of how DZP processes personal data.
The administrator of the personal data is Domański Zakrzewski Palinka Sp.k. (“DZP”; address: Rondo ONZ 1, 00-124 Warszawa). Data are processed for contact purposes and to impart information on changes to provisions and authority practices and on other issues, including events concerning day-to-day legal, economic and cultural issues, inter alia, by sending DZP newsletters. The above is carried out on the basis of legitimate interests, i.e. in accordance with art. 6(1)(f) of the GDPR. Data can also be processed where necessary for the conclusion or performance of a contract and for compliance with a legal obligation to which DZP is subject, i.e. pursuant to art. 6(1)(b) and (c) of the GDPR. Data can be transferred to entities with whose help DZP achieves the indicated aims, including entities maintaining IT infrastructure. Giving data is voluntary and in contractual relations is a requirement for concluding and performing a contract. It is possible to object to data processing, request access to, rectification and erasure of personal data or restriction of processing and data portability. Data are kept until an objection is made, and in contractual relations – throughout the term of the contract and thereafter for a period specified in provisions on archiving and limitations period for claims. Anyone has the right to file a complaint with the President of the Personal Data Protection Office. Questions concerning privacy at DZP can be sent to DZP’s Data Protection Inspector, Macieja Maciejewskiego, at: firstname.lastname@example.org.
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