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Domański Zakrzewki Palinka provided legal advisory to Polskie Linie Lotnicze LOT S.A. on the sale of a block of shares in EuroLOT S.A. The share sale was the largest transaction of this type on the Polish market and project value was over PLN 100 million. In terms of the number of passengers carried and aircraft operated, EuroLOT is the second largest airline in Poland and independently operates flights to Poland and has recently also started to operate flights to foreign airports and carry passengers to airports from which foreign connections are handled by PLL LOT.
Our advisory involved providing full-range legal assistance with, e.g. developing the concept for the procedure to select a buyer, drawing up documentation for the procedure and draft purchase contracts (preliminary and final) and also draft documents to safeguard transaction performance at the stage between preliminary contract signing and closing. DZP also helped negotiate the transaction documentation and supported PLL LOT in obtaining the required corporate consents.
The project was handled by Dr Marek Świątkowski, Igor Barcew and Michał Cecerko from our 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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