Today, the European Commission issued a long-awaited decision approving, under EU State rules, a Polish renewable energy scheme with a total estimated budget of PLN 40 billion.
The scheme will grant State support to producers of electricity from RES – small installations (capacity of up to 500kW) will benefit from a feed-in tariff, whereas larger installations shall take part in competitive auctions and will receive a premium on top of the market price of electricity.
“We hope that in light of the Commission’s decision, an amendment to the RES Act will be quickly enacted by the Parliament” – said Dominik Strzałkowski, attorney at law and Partner in the Energy and Natural Recources.
We will soon inform about the details of the decision – once it is officially published.
A full text of the Commission’s communication can be found at: http://europa.eu/rapid/press-release_IP-17-5261_en.htm
On 25 October, 6th Biogas Forum was held in Warsaw, during which Dominik Strzałkowski delivered a presentation on “The principles for the application of the guaranteed tariff system by biogas plants”.
This year’s Biogas Forum was dedicated to the latest changes to the Act on Renewable Energy Sources which are crucial from the biogas industry’s perspective.
In the international law firms ranking IFLR1000, SSW was recognised in the following categories:
Banking & Finance
- Project finance
Some lawyers were also commended individually in the ranking:
- Piotr Spaczyński in the area of Energy & Infrastructure and Project development practice as Highly regarded
- Wojciech Szczepaniak in the area of Investment funds and Capital Markets: Debt practice as Highly regarded
- Michał Badowski in the area of M&A practice as Rising star
- Paweł Chyb in the area of M&A practice as Highly regarded
- Szymon Okoń in the area of Banking and Capital Markets: Debt practice as Highly regarded
And this is how our Clients described us:
Capital markets sector
A client active in the capital markets sector says that “The Capital Markets practice makes a very strong team. Very well organised. There is nothing to be improved.” A client representing the technologies industry reckons that “they are highly qualified and always available whenever needed. The communication is very good. The team has huge knowledge of the technologies industry, which proved to be extremely useful and made the cooperation very smooth.”
A client operating in the investment funds market reports that “they are very flexible and proactive as well as experienced and professional. The team led by Dr Szymon Okoń is one of the best ones in the banking sector in Poland. They are always eager to help. They also offer the necessary combination of legal and financial knowledge and provide world-class legal services. Highly recommended.”
Clients from the computer games industry also regarded highly the Capital Markets team indicating that “SSW has a very strong team in the capital markets sector, led by Dr Szymon Okoń. The lawyers are available 24/7, have good understanding of the games industry and are the market leaders in this area.”
A client from the M&A sector describes the team as “business-oriented, ready to act and able to mitigate business risk before it even arises”, another one believes that “the firm has robust capabilities in the M&A sector and the speed of problem solving by the team is exceptional. They have very good understanding of other areas (e.g. taxes), which makes the cooperation easier and smooth.”
Many Clients not only commended teams but also individual lawyers:
“Excellent in financing questions”.
“Szymon Okoń always finds optimum solutions. He is very proactive and professional.”
“He has very good communication and negotiation skills, and is business oriented, which is key.”
“Szymon always pays attention to details, and working with him is very flexible and focused on objectives. He has extensive knowledge of the law and technical issues as well as experience in IPO processes.”
“Best lawyer specialising in debt financing I have ever met. Active in debt financing through IPOs, private placements, issuance of debt-financing to financial institutions. Always accessible, very proactive. A leading lawyer in the market.”
“Business oriented, extremely reliable, very creative and focused on Client relations. Szymon quickly gets to the point. He is an absolute leader on the banking law market.”
“One of the most talented lawyers in the M&A sector in Warsaw. He is practically flawless.”
Patrycja Goździowska, Tomasz Wickel and Łukasz Karpiesiuk appeared as speakers during 8th edition of International Taxation in CEE
On 12-13 October 2017, 8th edition of International Taxation in CEE was held in Prague. Again, the conference gathered a host of tax experts from Central and Eastern Europe.
This year’s event was dedicated to discussion on crucial issues which are turning around the fiscal environment in Central and Eastern Europe. Speakers focused primarily on BEPS, transfer pricing, VAT and effective management methods applicable to tax functions.
Łukasz Karpiesiuk, during his presentation, talked about the prerequisites needed for tax solutions to become helpful for the government.
On 10-11 October, 6th edition of the Wolves Summit, a conference for start-ups, investors, corporations and entrepreneurs from Central and Eastern Europe was held in Warsaw.
For another time SSW was the partner of this event. Wojciech Szczepaniak participated in a panel discussion with investors concerning: Different methods of start-ups financing. He is also the member of the competition jury.
For event details go to the website of Wolves Summit.
Patrycja Goździowska, partner co-leading the tax advisory practice within SSW has been recognised by the International Tax Review in the ranking Women in Tax Leaders.
The International Tax Review is the publisher of high-profile tax and legal publications valued by tax advisors and experts. Patrycja was included in the group of most regarded tax advisors.
Women in Tax Leaders 2017 is the third edition of a publication which presents the most esteemed women among tax advisors in several dozen countries of the world - details.
“How international investment law protects the interests of entrepreneurs? A book by Filip Balcerzak Investor – state arbitration and human rights”
Entrepreneurs may seek the protection of their interests not only from the national law (before courts) but also from international law which guarantees that governments should treat investments in a fair and equitable manner. A book by Filip Balcerzak "Investor – state arbitration and human rights".
Maciej Duch, Sebastian Ponikowski and Tomasz Wickel delivered presentations during the workshop on “REITs – a new instrument on the real estate market”
On 20-21 September 2017, a workshop titled “REITs – a new instrument on the real estate market” was held in Warsaw.
During the meeting, presentations titled “Overview of a new investment model in the light of the Act on real estate lease market companies” and “Key doubts related to the taxation of REITs” were delivered by Maciej Duch, Sebastian Ponikowski and Tomasz Wickel.
During their presentations, real estate industry experts described how the REIT model works in other countries and pondered over the transferability of those solutions onto the Polish market. In addition, business cases of companies operating in Poland according to the REIT model were reviewed during the workshop to find out whether their activity turned out to be a success or a failure.
The workshop was attended by developers, representatives of commercial real estate sector as well as persons interested in this form of investments.
”How to improve the tax system in an effective and sensible way?” Patrycja Goździowska took part in a debate organised by “Dziennik Gazeta Prawna”
On 28 September 2017, a discussion organised by the editors of “Dziennik Gazeta Prawna” took place, which focused on the closing of loopholes in the tax system and the resulting impact on entrepreneurs.
The participants to the discussion which was held at the seat of “Dziennik Gazeta Prawna” included also the Deputy Minister of Finance Paweł Gruza, President of ZIPSEE Cyfrowa Polska Michał Kanownik as well as experts representing Lewiatan, Union of Entrepreneurs and Employers and PwC.
We encourage you to read an article which describes more extensively the discussion on “How to improve the tax system in an effective and sensible way?” - LINK.
Karolina Tulwin and Mariusz Nowakowski appeared as speakers during the conference on “Problematic aspects related to shared areas in the real estate development industry”
On 6 September, a conference titled “Problematic aspects related to shared areas in the real estate development industry” was held in Warsaw. During the gathering, presentations titled “Visualisation in shared areas – problems experienced by developers” and “Warranty for shared areas in practice” were delivered by Karolina Tulwin and Mariusz Nowakowski.