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Our client, a South Korean food manufacturer and the largest global manufacturer of kimchi is forming the joint company with Charsznickie Pola Natury, a Polish manufacturer of organic pickled vegetable products cooperating with major retail chains.
As a result of the cooperation our client will take a 76% stake in new Polish-Korean company, which will build a production facility in Poland. The value of the investment is to be approx. USD 10.6 million (almost PLN 50 million). The company will produce kimchi and other Korean cuisine products.
DZP lawyers supported Daesang Corporation in implementing this venture, from structuring it to drafting a joint venture agreement governing the terms and conditions of the joint venture cooperation between the two companies.
Our client was advised by Przemysław Lach, Associate, and Robert Niczyporuk, Partner, from the Corporate and M&A Practice. The team was supported by Jarosław Łukawski, Partner, and Jan Siesicki, Associate, from the competition law team, Wojciech Koczara, Partner from the Real Estate Practice and Joanna Wierzejska, Partner, and Grzegorz Sprawka, Counsel, 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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