What's new at DZP?
The ranking of largest and best law firms published on 18 April by Rzeczpospolita daily was accompanied by a list of transactions carried out on the Polish market in 2012 and the firms that handled them. We are pleased to inform you that two transactions carried out with the active participation of DZP have been ranked as among the most important on the market in the past year.
DZP was engaged to advise on the acquisition of shares in TVN S.A. from ITI by the Canal+ Group and the merger of platform "N" and Cyfra+. The transaction was carried out by a strategic partnership of the Vivendi/Canal+ Group and the ITI Group and involved the conclusion of two joint ventures created at different levels: between ITI and Vivendi at TVN level, where the Canal+ Group became a key shareholder in the TVN Group, and between TVN and Canal+ to merge their digital platforms in Poland under the new name of "nc+" in which Canal+ holds 51% of shares valued at PLN 5.94 billion.
Our law firm also advised on the merger of BZ WBK S.A. and Kredyt Bank S.A. in which all Kredyt Bank's assets were transferred to BZ WBK (merger through acquisition). In exchange, Kredyt Bank shareholders received newly issued shares in BZ WBK. The merger was the creation of the third largest banking group in Poland with 889 outlets serving around 4.1 million clients. Transaction value was approx. PLN 4.5 billion. As part of the transaction the European Bank for Reconstruction and Development became a minority shareholder in the merged bank.
The list of transactions includes 27 undertakings that were deemed key, interesting and innovative. Projects were selected by a panel of investment bankers appointed by the newspaper's editor especially for the purpose. Panel members were representatives of, e.g. banks, the Warsaw Stock Exchange and investment funds, and the panel was composed of eighteen specialists who deal on a daily basis with, e.g. investment planning and finance, restructuring and business advisory, and co-operate with large companies. Among the panel members were Witold Daniłowicz, attorney-at law and president of the Polish Association of Legal Employers, and Ewa Usowicz, deputy editor-in-chief of Rzeczpospolita, who took part in a discussion during the panel session but did not select the transactions.
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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