What's new at DZP?
DZP is advising Kredyt Bank S.A. on a merger with BZ WBK S.A. The merger will be carried out through the transfer of all the assets of Kredyt Bank (a KBC Bank subsidiary), as the target company, to BZ WBK (a Banco Santander subsidiary), as the acquiring company. BZ WBK's share capital will then be increased through the issue of new shares which BZ WBK will allocate to all current Kredyt Bank shareholders.
The outcome of the transaction will be the creation of the third largest – in terms of business volume – universal bank in Poland (according to FSA data). The transaction is valued at PLN 28.8 billion.
The project is being handled by experts in the Capital Markets and Financial Institutions Practice: Magdalena Skowrońska, Zofia Bielecka and Błażej Podstawski, and the Corporate and M&A 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: email@example.com.
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