SSW Law Firm along with GIODO and BPCC has organized the meeting titled “Changes are coming – data protection revisited – the planned EU regulation from the perspective of the regulator and the practitioner”
On 15th March in British Embassy in Warsaw, the meeting of the British Polish Chamber of Commerce’s working group titled “Changes are coming – data protection revisited – the planned EU regulation from the perspective of the regulator and the practitioner” was held. SSW Law Firm was the co-organizer of this event in which almost one hundred representatives from leading Polish and foreign companies took part.
The prospective revolutionary changes in data protection, that will be directly applicable across the EU without a necessity to implement them in the national legislation, has been presented by Ms. Joanna Tomaszewska – PhD, attorney at law, partner responsible for the data protection practice in Spaczyński, Szczepaniak Law Firm sp.k and Mr. Piotr Drobek – Deputy of the Director of the Department of Social Education and International Cooperation of the Office of the General Inspector for Personal Data Protection.
Ms. Joanna Tomaszewska has presented the most significant changes introduced by the planned EU regulation from the perspective of their influence on functioning of entrepreneurs. Ms. Tomaszewska noticed that the whole data protection philosophy is going to change – from the regulatory/registry approach to the approach based on risk assessment, where a given entity will be obliged to apply the regulation using available instruments, mechanisms and codes of good practice.
The Director Piotr Drobek, in his speech, pointed out that although the regulation implements new obligations and standards, it is more liberal and less case-based than the current Polish act on data protection. He also noticed that it will be necessary to revise other Polish legal acts related to data protection, because in case of conflicts between provisions of the EU regulation and provisions of national legislation, the EU regulation will prevail.
To sum up, both speakers agreed that despite the fact that the new EU regulation will probably enter into force in Spring 2018, the companies should take necessary steps (including implementation of the information management mechanisms) soon, in order to be prepared for the new legal framework. Thanks to that, entrepreneurs may avoid a risk of imposing severe financial penalties for failing to comply with provisions of the EU regulation.
We invite you to watch the video of this event:
The Mergers and Acquisitions Team of SSW advised Dirlango Trading & Investments Limited, the majority shareholder of iTaxi.pl sp. z o.o. in process to raise PLN 8M equity finance by iTaxi.pl. sp. z o.o. from Experior Venture Fund, a venture capital fund established in cooperation with Krajowy Fundusz Kapitałowy.
iTaxi.pl is a fast-growing Polish start-up which offers an innovative taxi booking app. The app offers access to over 10 thousand taxis in over 100 Polish cities. The funds will be used for further development and improvement of services provided to both individual and corporate customers.
The work of the team was coordinated by Paweł Chyb, Ph.D., legal advisor, Parter in the M&A Department of SSW. The project was also supported by Katarzyna Solarz who specialises, among other things, in advising on M&A issues.
More on CEE Legal Matters website.
Famur S.A., the manufacturer of machines and systems used in underground and open-pit mining issued bonds worth PLN 108 million.
In this process, the issuer was supported by the Capital Markets Law Team of SSW. The bonds were introduced to trading on the Catalyst market on 18 March 2016.
The work on the preparation of issue documentation, collateral documentation and the process of introducing the bonds to trading on the Catalyst market was coordinated by Szymon Okoń, Ph.D., Partner in the Capital Markets Law Team of SSW.
The respective resolution is available on the website of WSE's Catalyst Market.
Maciej Duch gave a lecture at Rzeczpospolita daily’s workshop "Revitalisation and Recommercialisation of Retail Space 2016"
On March 11, Maciej Duch, barrister, gave a lecture on the legal aspects of commercial centres management at Rzeczpospolita daily newspaper’s workshop titled "Revitalisation and Recommercialization of Retail Space 2016" held in Warsaw.
Dominik Strzałkowski delivered a presentation during 9th Conference and Fair of the Polish Wind Energy Association
On 7 March, Dominik Strzałkowski conducted a seminar dedicated to the new shape of the system supporting renewable energy based on the RES Act and its amendment during 9th Conference and Fair of the Polish Wind Energy Association.
On 5 February 2016 Dr Maciej Kruś, legal counsel, gave a lecture on the so-called Landscape Act at Budma Fair held as part of the Poznań International Fair.
The conference brought together practitioners, urban planners, architects, local administration officials and representatives of advertising agencies.
Dr Joanna Tomaszewska, legal counsel, appeared at the conference "Performing the new ISA role – experience of the first year"
On 26 January 2016 Dr Joanna Tomaszewska participated in a conference staged by the Association of Information Security Administrators and the Faculty of Management of the Warsaw University of Technology.
The conference’s agenda included, inter alia, the experience from the performance of the new role of an information security administrator (ISA) [PL: administrator bezpieczeństwa informacji (ABI)] and differences between the regulations concerning the role of ISA under Polish regulations, as amended in January 2015, and the regulations on personal data protection and the role of the data protection officer (DPO) under the EU draft General Data Protection Regulation. The issue remains a live one regarding the multitude of ISA-related queries raised by entrepreneurs. SSW offers comprehensive legal advice in this respect, including the delivery of ISA training programmes.
Krynica Vitamin S.A., a leading producer on the functional beverages market made its début on the Warsaw Stock Exchange today. In the preceding initial public offering the company sold all the newly issued shares at the maximum price. The preparation works concerning the prospectus and the initial public offering were carried out by the capital markets law team of SSW.
The business activity of Krynica Vitamin S.A. is based on the production of beverages and bottling services. Currently, the majority of the company's product portfolio is constituted by energy drinks but the group has a broad range of isotonic, hypotonic, metabolism boosting beverages and vitamin dietary supplements, functional waters, modern multi-fruit drinks, alcopops, ciders, malt drinks as well as selected CSDs.
In the public offering 2.154.809 shares were sold, of which 1.598.062 are new issue shares while 556.747 are shares sold by the previous shareholder i.e. FRAM Closed Investment Fund. Institutional investors acquired 78% of the offered shares and 22% were taken up by individual investors. The maximum price of the sold shares was PLN 12.25.
The public offering was prepared by experts from the capital markets law team of SSW. The work of the team was coordinated by Dr Szymon Okoń – Partner in the capital markets law team of SSW.
The personnel from both the Warsaw and Poznań offices got involved in the initiative and jointly prepared several dozens of gift packs for families covered by this noble initiative.
Katarzyna Solarz appeared as a speaker during a workshop on “The amendment of the Act on Investment Funds: Implementation of ZAFI and UCITS Directives”
On 7-8 December 2015, during a workshop dedicated to the changes to the act on investment funds, Katarzyna Solarz discussed the role of new market players. Specifically, the presentation concerned:
- division and classification of entities according to the amended legislation;
- licences required in the creation of new funds;
- additional permits for the operation of alternative funds.
More information on the workshop is available at the following link.