DZP advises on a strategic alliance on the public transport market
On Monday, 18 December, FlixBus announced an integration with Polski Bus, belonging to Souter Holdings Poland sp. z o.o.
DZP lawyers provided full-range legal services to both Souter Holdings Poland and Souter Investments Limited in the structuring, negotiating and closing of the transaction with the German FlixMobility GmbH.
“This is one of the most important and more noticeable transactions on the road transport market – it concerns the Polskibus.com brand, which is extremely recognisable on the Polish market.” said Marcin Krakowiak, Head of and Partner in DZP’s Infrastrcture & Energy Practice.
“The project required not only a multifaceted legal analysis but also in-depth knowledge and understanding of the principles of the functioning of the transport sector.” added Marcin Krakowiak.
The project was run by DZP experts Marcin Krakowiak, Head and Partner, Anna Glapa, Partner, Maciej Zajda, Associate, with the support of Jarosław Konecko, Senior Associate, Krzysztof Dyba, Senior Tax Manager, and Associates Sylwia Kuca and Tomasz Zielenkiewicz.
For more information:
Emilia Zakrzewska-Koszel, E: emilia.zakrzewska-koszel@dzp.pl, T: 22 557 76 45
Joint venture company of MTU Aero Engines and Lufthansa Technik set up with DZP assistance
Joint venture company of MTU Aero Engines and Lufthansa Technik set up with DZP assistance
On the part of DZP, assistance in forming the joint venture of MTU Aero Engines AG and Lufthansa Technik AG was provided by experts from the Infrastructure and Energy Practice: Marcin Krakowiak, Partner, Head of the Practice and dr Krzysztof Fliszkiewicz, Senior Associate.
The contract, which followed up on an agreement on the general principles of the cooperation concluded in February 2017, was finalised by the two companies on 4 December. Each of the partners will hold 50% of shares in the new company.
EME Aero will be based in Poland and is going to employ more than 800 employees in the future. Both parties will invest the total of approx. EUR 150 million by 2020 as part of the joint venture.
EME Aero will carry out maintenance, repair and overhaul (“MRO”) of aircraft engines produced by the US firm Pratt&Witney and used in Airbus A320neo aircraft used by Lufthansa and other carriers, Bombardier CS aircraft, and other airplane.
Lufthansa Technik AG
Lufthansa Technik provides MRO services for aircraft engines and engine components. It offers a wide range of services tailored to customers’ needs as part of both stand-alone orders and comprehensive maintenance services during the aircraft life cycle. Lufthansa Technik also offers special services such as aircraft lease and aircraft sale assistance, e-services, and emergency AOG services.
MTU Aero Engines AG
MTU is a manufacturer of aircraft engines. It designs and manufactures engines for commercial and military aircraft of a full range of thrust capability and industrial gas turbines. It also provides maintenance services for these products.
In the commercial aircraft engines business, MTU offers engines in all thrust and power categories. In the maintenance business, MTU is an independent provider of MRO services for commercial aircraft engines. The primary focus is on providing support for engines in which MTU is a risk- and revenue-sharing partner. MTU also offers also offers repair services for a wide variety of different engine types. In the area of military aircraft, MTU delivers the enabling technologies, develops and manufactures engines and engine components, and provides logistics support.
For more information, please contact:
Emilia Zakrzewska-Koszel, E: emilia.zakrzewska-koszel@dzp.pl, T: 22 557 76 45
Bank Millennium hailed “Bank appreciated by customers”
Bank Millennium won the ranking prepared on the basis of the ARC Rynek i Opinia “Retail Bank Customers Satisfaction Monitor” survey. The Bank came first in the main “Satisfaction” category and also in “Fees and Commissions Assessment”.
During the survey personal customers assessed various aspects of their banks. According to ARC Rynek i Opinia survey institute their assessment largely depended on what their expectations of and attitude towards their bank are. Perception of the institution, its financial stability as well as well priced products and services resulted in highest user satisfaction. Authors of the ranking also drew attention to the fact that perception of prices proposed by banks significantly affects customer satisfaction. What is also important is the perception that rules for calculating fees are clear and transparent.
The “Retail Bank Customers Satisfaction Monitor” survey is carried out once a year among customers of 14 biggest banks in Poland. The title of “Bank appreciated by customers” is awarded in three categories – “Satisfaction – main ranking”, “Fees and commissions assessment” and “Assessment of points of contact” (branch, call centre, website, mobile banking, internet banking). It is given to banks, which received top scores from their customers.
Response to the PPCC Letter sent to the Ministry of Economic Development of Poland regarding BIT agreement
On 26 September 2017, the PPCC received a formal response to our letter regarding possible termination of BIT agreement between Poland and Portugal, signed by Mr Tadeusz Kościński, Undersecretary of State at the Ministry of Economic Development of Poland. To see the full text of the letter, and the respective working translation into English, click on the button below.
Response to the PPCC Letter sent to the Ministry of Economic Development of Poland regarding BIT agreement
On 26 September 2017, the PPCC received a formal response to our letter regarding possible termination of BIT agreement between Poland and Portugal, signed by Mr Tadeusz Kościński, Undersecretary of State at the Ministry of Economic Development of Poland. To see the full text of the letter, and the respective working translation into English, click on the button below.