What's new at DZP?
Our Capital Markets and Financial Institutions Practice has advised Getin Noble Bank on the purchase of an organised part of the enterprise of DZ Bank Polska specialising in handling high net worth individuals. The agreement concerned private banking clients with assets of approx. PLN 200 million. The transaction also covered, e.g. regularly paid bank loans (in PLN) and also private banking client deposits and current accounts.
The purchase of part of DZ Bank Polska will greatly strengthen GNB's position on the private banking market, as it has taken over not only the whole of the private bank with around a thousand clients but also the entire team handling these clients.
The transaction was carried out on the same lines as GNB's acquisition of DnB Nord's retail arm – http://en.dzp.pl/deals-corner/deals-corner-archive/1314-getin-noble-bank-to-buy-the-retail-and-sme-banking-business-from-dnb-nord, on which DZP also advised.
Getin Noble Bank is becoming an active player on the acquisitions market. The bank announced recently that it had acquired the retail section of DnB Nord and also 100% of shares in Dexia Kommunalkredit Bank.
The advice to the client was provided by experts in DZP's Capital Markets and Financial Institutions Practice: Andrzej Foltyn, Practice Head, Magdalena Skowrońska and Piotr Jackowski.
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.
New rules on cookies: Domański Zakrzewski Palinka sp.k., as the service provider of the www.dzp.pl website, stores and accesses cookies, i.e. small text information fles sent by a web server and stored on your hard drive, or other data storage medium of a user, for the purposes of: proper functioning of the www.dzp.pl website, confguring the www.dzp.pl website, security and reliability of the www.dzp.pl website, session monitoring, providing advertisements, personalization of the displayed information to the user, or analysis, statistics, research and website trafc auditing.