We would like to present you the report on merger control proceedings in Poland in 2018. The study was prepared by the experts of Sołtysiński Kawecki & Szlęzak: Krzysztof Kanton, Dr. Jarosław Łukawski and Szymon Murek.

Enjoy your reading!

The law firm Sołtysiński Kawecki & Szlęzak advised companies indirectly linked to the Unibail-Rodamco group in a transaction concerning the activation of two office buildings being part of the Złote Tarasy complex in Warsaw.

On 15 December 2018 certain provisions of the Act on changes of certain laws in connection with the reinforcement of the supervision of the financial market and protection of the investors entered into force . One of the main purposes of the Amendment is to give the President of the Office for Competition and Consumers Protection new tools to prevent and sanction practices which infringe the collective interests of consumers and the application of abusive clauses, in particular in the financial sector.

On 2 January 2019 the KNF unanimously permitted the start of operations by ING Bank Hipoteczny, a newly-established specialized mortgage bank. SK&S advises the Bank on legal and tax matters related to its establishment and roll-out of activities and represented the Bank in the proceedings before the KNF which have just successfully concluded.

On 28 December 2018 Sejm (lower chamber of the Polish Parliament) adopted the Act amending the Act on the Excise Duty and selected other acts (“Act”), which aims at temporary stabilization of electricity costs being incurred by final customers.

The Act has entered into force with the effect from 1 January 2019.

Lawyers from the law firm Sołtysiński Kawecki & Szlęzak advised Eurocash S.A. in connection with the sale of 100% of the shares in PayUp Polska S.A. to Centrum Rozliczeń Elektronicznych Polskie ePłatności S.A. The preliminary share sale agreement was concluded on 27 September 2018.