On June 18th, the Ministry of Finance organized a conference on the bill regarding companies investing in real property rental which ought to act in the same manner as REITs popular all over the world. A representative of SSW – Paweł Śliwka, Junior Associate in Real Estate practice – attended the conference.
During the discussion on the reported remarks, the representatives of the Ministry of Finance confirmed that according to the schedule, the act should enter in force on January 1st, 2019. According to the adopted schedule, the bill ought to come before the Sejm (the lower chamber of the Polish Parliament) in the early autumn.
The authors of the bill did not accept some of the general reservations such as i.a. decrease of the share capital required from F.I.N.N.s (PLN 50 MM were maintained), the possibility to invest in commercial real properties such as shopping malls or warehouses (only residential properties were left) or extension of the definition of residential properties with apart- and condo-hotels.
At the same time, the representatives of the Ministry of Finance left for a further discussion such issues as increase of the threshold of deductibility for expenditure on real property modernization works (currently the bill assumes PLN 30/m2) or more details on the requirement of adequate experience for F.I.N.N. board members.
Blockchain and crypto legislation - challenge or opportunity? Meeting with Minister for Economy of Malta
On June 5th, under the official patronage of the Embassy of Malta and Honorary Consul of Malta in Poland, SSW Pragmatic Solutions organized a special meeting for representatives of the financial services in Malta.
The first of the speakers - Hon. Christian Cardona, Maltese Minister for Economy, discussed the process of regulation of cryptocurrencies, which makes Malta a safe haven for cryptocurrency businesses. The other speeches were also about the Maltese regulations which support the development of the traditional financial sector, blockchain technology and cryptocurrency market.
Piotr Gałka and Szymon Ciach, lawyers from the Digital Transformation Team in SSW Pragmatic Solutions, spoke about the most important legal and business matters, corporate challenges associated with the implementation of blockchain. Our speakers emphasized the importance of an adequate management model as well as specific legal issues such as smart contracts and personal data protection.
We believe that we can discover the full potential of blockchain and transform ideas in actual pragmatic solutions.
Blockchain and crypto legislation - challenge or opportunity. Meeting with Minister of Economy of Malta
It is said Malta is a legal paradise for cryptocurrencies. For sure, with its friendly tax and legal environment for the development of new technologies, it is one of the most attractive market in the European Union countries.
SSW Pragmatic Solutions organizes a special meeting with the Minister of Economy of Malta – Hon. Christian Cardona, which will be devoted to the financial services sector in Malta in particular the new blockchain and crypto legislation.
The meeting is dedicated for board members, especially from the financial sector.
Number of participants is limited.
If you are interested in the Malta's regulations of cryptocurrencies and wish to attend the meeting please contact: email@example.com
SSW Pragmatic Solutions advises on establishing provisions of tenancy agreements in connection with the logistic-warehouse hub
The Team for Real Estate at the law firm SSW Pragmatic Solutions had the pleasure to give advice on establishing provisions of tenancy agreements in connection with the logistic-warehouse hub which is being created in order to provide services in the CEE region. Our counselling services included customer support when making the warehouse and office space available in two locations in western Poland. The total gross rental area is equal to ca. 90.000 m2.
In relation to the former location, in the existing logistic park the client rented the area of ca. 30 000 m2 from the entity of Segro group of companies. In relation to the latter location, the tenancy agreement was concluded with the entity of Panattoni Development Europe group on the basis of BTS (build-to-suit) formula– the rental area of the whole warehouse to be rented by our client exceeds 60 000 m2.
On behalf of the law firm SWW Pragmatic Solutions the following persons were involved in the project – Maciej Duch, attorney – Paweł Czyżewski, legal councel and a partner – Łukasz Karpiesiuk, tax advisor.
Rzeczpospolita Law Firm Ranking is a list of the best law firms and lawyers, which is based on voluntary indications of the participants of the ranking.
In this year's 16th edition of Rzeczpospolita Law Firm Ranking, Piotr Spaczyński was recommended in Energy Law practice.
In fact, the nomination is a huge success of us all! Thank you for outstanding work!
- Clifford Chance
- Greenberg Traurig Grzesiak
- Wardyński & Partners
- Clifford Chance
- K&L Gates
- SSW Pragmatic Solutions
- WKB Wierciński Kwieciński Baehr
We have pleasure to share with you the information that SSW has been ranked by Legal500 in 8 categories:
- Capital Markets: Equity (Tier 2)
- Capital Markets: Debt (Tier 3)
- Energy & Natural Resources (Tier 3)
- Tax (Tier 3)
- Commercial corporate and M&A (Tier 5)
- TMT (Other Recommended Firm)
In addition we have joined the ranking for the first time in the Banking and Finance (Tier 5).
We have been ranked in the new practice Investment Fund (Tier 3).
Our clients about us:
"At SSW Spaczynski Szczepaniak i Wspólnicy, the ‘excellent’ Tomasz Wickel ‘gets to grips with complex legal and tax issues, thinks outside the box and has his finger on the pulse of upcoming changes’. Patrycja Goździowska is also recommended. Paged, Erbud and Lumel are clients."
"SSW Spaczynski Szczepaniak i Wspólnicy’s department fields ‘very committed and efficient’ lawyers, such as Szymon Okoń, who ‘understands commercial considerations’. Alior Bank and GetBack are clients."
"SSW Spaczynski Szczepaniak i Wspólnicy’s ‘knowledgeable and flexible’ team is noted for its ‘good, practical knowledge, problem-solving approach, flexibility and swift responses’. Group co-head Szymon Okoń is ‘very committed and experienced, with great negotiation skills and strong market knowledge’. Co-head Wojciech Szczepaniak advised Capital Park on its two-series €25m unsecured eurobond issuance."
"Small and mid-cap transactions comprise most of SSW Spaczynski Szczepaniak i Wspólnicy’s team’s workload. The group, which has ‘deep sector expertise’, includes the ‘very direct’ Szymon Okoń, who is ‘a strong manager of complex projects’ and ‘extremely focused on getting the transaction done’. Highlights included advising PlayWay on its €50m IPO."
"SSW Spaczynski Szczepaniak i Wspólnicy’s ‘well-run’ practice houses lawyers with ‘excellent soft and hard skills’ and ‘an entrepreneurial approach’. Paweł Chyb assisted City Parking Group with the acquisition of a company created through a division of SysteMEG. Wojciech Szczepaniak is another name to note."
"SSW Spaczynski Szczepaniak i Wspólnicy’s practice handles a range of matters in the energy and mining sectors. Piotr Spaczyński and Dominik Strzałkowski are advising ExxonMobil on its downstream activity in Poland. Anna Piotrowska is also recommended."
"SSW Spaczynski Szczepaniak i Wspólnicy houses ‘capable lawyers with stand-out knowledge’. Wojciech Szczepaniak leads the practice."
Thank to our colleagues and clients for nominations and trust. This is our joint success.
Legal 500: http://www.legal500.com/c/poland
Prospectus of Ten Square Games S.A. approved by the Financial Supervision Commission (KNF). SSW provides legal advice in the process.
Ten Square Games S.A. is one of the largest producers and developers of mobile and browser games in Poland. The Company was established in 2011 by Maciej Popowicz and Arkadiusz Pernal, who earlier created the social portal Nasza Klasa (nk.pl) and successfully implemented free-to-play games there. The Company specialises in hobby-related games. Its new game, “Fishing Clash”, achieved global success during the first months after the premiere and distanced earlier work of the studio, “Let’s Fish” which, until then, was the most popular fishing game all over the world.
The prospectus was prepared by the lawyers from the capital markets law team. The works of the team were managed by dr Szymon Okoń, partner in the capital markets law team of SSW, supported by attorney Katarzyna Jaroszyńska.
Ten Square Games S.A. is planning its debut on the Warsaw Stock Exchange in May. According to the estimates, the offering may reach even PLN 100 million.
From 10 to 11 April 2018 the Wolves Summit takes place. It is a conference for start-ups, investors, corporations and entrepreneurs from the Central-Eastern Europe.
SSW Pragmatic Solutions legal chamber is a strategic partner of this event which is considered to be one of the biggest international networking events in the Central-Eastern Europe.
Wojciech Szczepaniak, Partner, Chairman SSW will participate in a panel discussion of investors concerning: “Early stage investing and how to pump up growth”. In his speech: “Business Angels are looking for sturtups” Piotr Spaczyński, SSW Managing Partner, will speak about how private entrepreneurs and rich people are interested in new technologies and innovations; how they seek interesting possibilities of investing and diversifying an investment portfolio (medtech, fintech – cryptocurrencies, ICO).
Details concerning the event may be found on the website: https://www.wolvessummit.com/pl
Experts indicate that increase of UAVs (unmanned aerial vehicles/drones) is starting to affect airport operations and therefore air traffic management institutions are worried about numbers of reports of near-misses with commercial airplanes.
Drones are our future and can be very useful in many sectors (energy, military, advertising and media). Yet they present a great danger when operated without a broad knowledge of flight rules and airspace structures.
The aim of the „Fly your drone safely campaign” is to promote the basic knowledge for drone users how to operate drone in accordance with aviation law and common sense.
SSW aviation law expert, Joanna Wieczorek, is the author of the campaign „Fly your drone safely” together with Jerzy Makula (CEO of LOT Crew) which is exposed to public in Chopin Airport in Warsaw and other localisations in Poland.
Official partners of the campaign are Ministry of Digitalisation, Lot Classic, LOT POLISH AIRLINES, Chopin Airport, WB Electronic, PGE, Evionica, Fly Tech, UAV Academy, Dolina Lotnicza, Instytut Lotniczy, Rzeszów Airport, PANSA, Targi Kielce, Targi Lotnictwa Lekkiego, Drone Exhibition Kielce and SSW Aviation Law Practice.
We invite you to learn more on the webside of the campaign: lataj.pro