What's new at DZP?
DZP has advised Norddeutsche Landesbank Girozentrale, one of the biggest commercial banks in Germany, on providing bridge financing to Polish European Energy Group companies to develop five wind farm projects in Poland.
The projects are owned by European Energy, a Danish group operating in 11 countries. It constructs wind and solar farms as well as large-scale green energy storage. It sells green power to large corporations offering attractive investment opportunities for institutional investors looking to invest in green, long-term, low-risk energy assets.
Our involvement in this project included work on the structure of the financing and of the cash flows in the borrower’s group (cash flows between the borrower and five obligors, i.e. the project companies), negotiating and establishing the Polish security package, energy regulatory advice and the restructuring of shareholder loans.
The client was advised by a mutlidisciplinary DZP team led by Magdalena Skowrońska, Partner in the Capital Markets and Financial Institutions Practice, and Rafał Hajduk, Partner in the Infrastructure and Energy Practice, and comprising: Tomasz Kalicki, Senior Associate from Capital Markets and Financial Institutions Practice, Małgorzata Wężyk, Senior Associate, Anna Konopka, Associate, Natalia Plaskiewicz, Associate, and Michał Pytkowski, Associate from the Infrastructure and Energy Practice, and Grzegorz Sprawka, Senior Tax Manager from the Tax Practice.
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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