Bank guarantees are one of the forms in which economic operators tendering for a public contract may provide, the so-called tender bonds. The new Public Procurement Law, in force since 1 January 2021, has not significantly changed the rules concerning the provision of tender bonds (including bank guarantees) compared to those based on former legislation.

The incessant growth of WIBOR has become a huge problem for PLN borrowers, who are increasingly questioning the methodology for determining the value of this index. However, there is help in sight as the government is planning to assist, although the initial proposals were contrary to EU law.

Recently, rising inflation and increasing loan installments have been one of the most frequently discussed topics. The latter concern more than 2.5 million people and the total value of loans as of the last quarter of 2021 was estimated at approximately PLN 500 billion.

The Russian aggression in Ukraine has many people enquiring about the possibility of holding the Russian Federation accountable for the acts it has committed in the territory of Poland’s eastern neighbour. Yet, at this stage, what should be considered is not only the actual accountability, but also the ontological fact of the existence of liability, which is an inherent condition for the existence of law.

Former Arzinger Partner Markiyan Malskyy has joined Kochanski & Partners as a Partner and Head of the firm's Ukrainian Desk.

Former Maruta Wachta Counsel Jakub Krysa has joined Kochanski & Partners as a Partner and the head of the Public Procurement practice and the Spanish Desk.

Kochanski & Partners Head of International Practice Development and Head of Chinese Business Desk Aleksandra Ryzkowska has been promoted to Partner.

Kochanski & Partners has advised the shareholders of Hemp Juice on the sale of their company to Hemply Balance Holding.

Former Chairman of the British Polish Chamber of Commerce David Thomas and former Noerr Counsel Konrad Werner have joined Kochanski & Partners. Both join the firm as Partners, with Thomas to head International Finance and Werner to lead the Banking and Finance practice.

Szymon Balcerzak, Jacek Kozikowski, and Karol Polosak have been promoted to Partners at Kochanski & Partners. 

Kochanski & Partners, alongside lead counsel Davis Polk & Wardwell, has advised the State Street Corporation on its acquisition of the Investor Services business from Brown Brothers Harriman & Co. Sullivan & Cromwell advised BBH on the matter.

Kochanski & Partners has advised iTaxi on the acquisition of Miejskie Przedsiebiorstwo Taksowkowe assets from Miejskie Zaklady Autobusowe in Warsaw.

Kochanski & Partners has advised VC fund Inovo Venture Partners on its investment in Jutro Medical. Most Partners reportedly advised Jutro Medical.

Kochanski & Partners has advised Inovo Venture Partners VC fund on the acquisition of shares in technology company SunRoof as part of a seed round extension in which Inovo was lead investor. Other investors participating in the round included SMOK Ventures, LT Capital, EIT InnoEnergy, FD Growth Capital, and KnowledgeHub, as well as other local and international business angels.

Kochanski & Partners has advised CVI Dom Maklerski on the issuance by Huta Malapanew of secured bonds with a nominal value of PLN 23 million and their acquisition by a fund with assets managed by CVI Dom Maklerski.

Former Counsels Weronika Magdziak and Andrzej Palys have been promoted to Partner at Kochanski & Partners.

According to Rafal Rapala, Senior Partner at Kochanski & Partners, recent developments of interest in the Polish economy include, among other things, several investments by the state-owned Orlen oil company in several regional daily newspapers. This is another step in expanding the company’s portfolio beyond traditional fuel production and distribution, following its 2020 acquisition of Ruch, one of Poland's biggest kiosk and press distributing companies.

Blockchain, Cloud Computing, and Artificial Intelligence are more than buzzwords – they are concepts critical to the rapid technological development occurring across all industries. We spoke to Partners Piotr Galka, Piotr Kaniewski, and Szymon Ciach in Kochanski & Partners’ Technology team to learn more.