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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].
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: email@example.com.
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