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The Real Estate Practice has advised a long-standing client – ORBIS S.A. – on the sale of an 85.8% shareholding in the company by its majority shareholder Accor S.A.
DZP's advice covered all reprivatisation and enfranchisement issues related to the ORBIS real estate, including extensive documentary and legal analyses and the preparation of a number of documents on the status of the ORBIS real estate in terms of its enfranchisement and an assessment of the legal risks related to reprivatisation issues. DZP also provided ORBIS with day-to-day legal support in this area for the purpose of the sale of the company's shares, including a due diligence of the ORBIS real estate.
The advice to ORBIS is another instance of the Real Estate Practice’s involvement in cases where a proper and reliable analysis of the legal status of real estate (real estate portfolios) and a pragmatic and extensive experience-based assessment of the legal risks occurring against this background requires comprehensive and in-depth, and thus highly specialised, knowledge of reprivatisation, enfranchisement (particularly of state and local authority legal persons, as well as other public entities), municipalisation and public real estate law. The services provided to ORBIS confirmed the leading position of the DZP Real Estate Practice in this market segment [see: https://www.dzp.pl/en/project/27-dzps-services-for-current-real-estate-owners-users].