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On October 2nd Bank DnB NORD Polska S.A. and Getin Noble Bank S.A. have signed the preliminary agreement under which Getin Noble Bank will purchase the organized part of Bank DnB NORD's banking business. Domanski Zakrzewski Palinka is acting as legal advisor of buyer in this transaction.
The sale agreement covers the retail and SME business of Bank DnB NORD Polska, composed of nearly 40 branches that provide banking services to over 35 thousand clients, primarily to housing communities, small- and medium-sized enterprises, as well as retail clients. The total lending volume within this transaction amounts to around 1 bn PLN. The transaction will cover performing loans as well as other banking products like deposits and current accounts - it doesn’t include mortgage loans products.
Due to formal requirements, the sales process is structured into several phases. Successful conclusion of the agreement is subject to, among others, the approval of Polish Financial Supervision Authority, as well as individual consents of the clients to switch the bank. The transaction is expected to be closed in Q2 2013.
The project was handled by lawyers from the Capital Markets and Financial Institutions Practice: Andrzej Foltyn, Magdalena Skowrońska, Piotr Jackowski i Elżbieta Lech.
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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