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A multidisciplinary team of DZP lawyers and tax advisers advised the existing shareholders and Zakłady Włókien Chemicznych “Stilon” S.A. on the sale of all shares in the company. The buyer is Anglés Textil S.A., a Spanish textile group whose operations focus on the production of synthetic yarn. Anglés Textil has production plants in Spain, Brazil and Mexico, and thanks to the acquisition of ZWCh Stilon, it gained a new production plant in Poland and reliable suppliers. This will enable it to further implement its development strategy.
We advised at all stages of the transaction, from negotiating the letter of intent to developing the transaction structure, supporting the company during the due diligence, drafting transaction documentation and conducting negotiations to closing the transaction.
The client was advised by DZP advisers: Marek Świątkowski, Partner, Joanna Fasula, Associate from the Corporate and M&A Practice, Joanna Wierzejska, Partner and Co-Manager, and Tomasz Leszczewski, Senior Tax Manager, from the Tax Practice oraz Bartosz Marcinkowski, Partner i Aleksandra Zomerska, Associate from personal data protection team.
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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