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42 New Articles

Former Crido Partner Michal Borowski has joined Dentons as a Partner and will head the firm’s offering related to tax governance, cooperation with the tax administration, and indirect taxes.

White & Case has advised the Wirtualna Polska group on the acquisition of the Invia Group from European Bridge Travel for more than PLN 1 billion (EUR 239.7 million) with existing shareholders Rockaway Group and CITIC Europe Holdings acting as guarantors of European Bridge Travel’s obligations resulting from the sale. Clifford Chance advised European Bridge Travel and its shareholders.

Former Hogan Lovells Partner Piotr Zawislak has joined Norton Rose Fulbright as a consultant in the firm’s banking and finance practice. Joining with Zawislak is Associate Julia Pycka.

Historically, Poland’s Renewable Energy Sources (RES) sector has relied heavily on long-term project finance, with loan tenors of 15-18 years from project completion. In the current local financial landscape, high interest rates persist with WIBOR remaining elevated despite attempts at correction, and the cost of long-term interest rate swaps continuing to soar.