Domański Zakrzewski Palinka


At the end of August, the Swiss company SSE Holding Ltd. acquired several civil enterprises belonging to the multinational Orica Limited. The plants acquired are in Germany, Poland, Czech Republic and Slovakia. In cooperation with law firms in Switzerland, Germany, Czech Republic and Slovakia, DZP provided SSE with support in the Polish part of this international project.

DZP advised Idea Bank SA on the sale of GetBack SA, a non-performing loan recovery business, and on the related reorganisation of its debt portfolio. The transaction value was PLN 825 million. The buyer was the private equity fund Abris Capital Partners and co-investors.

DZP is advising WGE Development on the restructuring of liabilities under ten bond series vis-a-vis 120 bondholders in precedential, accelerated arrangement proceedings. The case is being heard by the restructuring court in Warsaw.

At the beginning of July, USP Zdrowie Group acquired 100% of shares in the Polish-Swedish Naturell Group. This transaction indicates the potential strength of Polish pharmaceutical companies that are entering highly developed and advanced markets such as the Nordic market. The investment has enabled USP Zdrowie to significantly increase its share of the growing dietary supplements market in Poland. Although this highly demanding direction for foreign expansion of Polish entrepreneurs was until recently rare, it is now becoming more commonplace.

DZP and the State Treasury General Solicitor’s Office represented the Republic of Poland in a case brought by the Norwegian investors, Geir Almås and Kristian Almås. The case involved claims brought by the claimants under the Polish-Norwegian BIT and which they valued at PLN 100 million. Geir and Kristian Almås ran business in Poland in the agriculture sector.

The US SeaChange International Inc. has purchased DCC Labs, a company designing solutions for digital and internet television, including for producers of electronic equipment and telecommunications operators. DZP advised DCC Labs and the company’s owners throughout the transaction, from transaction planning through negotiations and document drafting to closing.