Business&law news!
Adam Pasierbek & Mikołaj Firlej about Business&Law news! Is your bank using XP? – On April 8th, Microsoft is set to cease providing support for the Windows XP software. While this move may have little impact on the individual users, a more curious problem relates to the XP’s importance for the financial infrastructure. Most notably, around 95% of the ATMs in the World run an appropriated version of XP, which means that their operators will either […] read more
M&A DEALS IN THE MIDDLE EAST KEY PRACTICAL ISSUES
With global economies recovering from the financial crisis and major financial hurdles in the United States coming to an end, mergers and acquisitions (“M&As”) have started to pick up around the world. Introduction Businesses operating in the Middle East and the Gulf Co-operation Council (“GCC”) region are yet again considered, by foreign investors, attractive acquisition targets, especially in light of the World Expo 2020 to be hosted by the United Arab Emirates (“UAE”) and […] read more
Mergers and Acquisitions in Poland (and Europe) in 2013 – will 2014 be better?
As I mentioned in the previous note (See: Mergers and Acquisitions in Poland (2008-2012) I am going to sum up the transactions that occurred in Poland and generally in Europe in 2013. Although there is no specific data as of yet, I would like to try to compile a list of the largest M&A deals that happened in Poland and broader Europe in 2013. Collecting data for this note was possible and based upon the […] read more
Revisiting China – 10 Thoughts
I had the pleasure of participating recently as a panelist in the Bits 1st Frontier Industrial Forum in Qingdao, China where I spoke about the Polish legal framework for shale gas operations and the lessons that other countries looking to develop their shale gas law could learn from Poland. Here are my loose – subjective – thoughts from my visit to China. “He who learns but does not think, is lost! He who […] read more
Mergers and Acquisitions in Poland (2008-2012)
The approaching end of the year 2013 is a good opportunity to sum up the transactions finalized in 2013 in Poland. However, I will write about 2013 in the next post, let’s look now at how M&As (in terms of volume and value) can be seen for the period 2008-2012 in Poland. Transactions in Poland (2008-2012) While analyzing the number of transactions carried out in Poland, it must be concluded that in 2012, there has […] read more
Another patronage – Mitigating the impact of the Economic Crisis in Europe by legal regulations
We are excited to inform you that Business & Law takes patronage over the International Conference organized by ELSA Cracow. The conference theme will be “Mitigating the impact of the Economic Crisis in Europe by legal regulations”. The conference will be held from 26th-27th of April 2013 in Auditorium Maximum – Didactic and Congress Centre of the Jagiellonian University, Cracow, Poland. The main goal of this conference is to review key issues related to […] read more
The draft of the new Shale Gas Act in Poland to be announced at a later date
Yesterday (13.06.2012), a governmental press conference was scheduled to take place, where the Ministry of Environment was supposed to publish the first draft of the Shale Gas Act for Poland – a piece of legislation specifically related to shale gas operations in this country. Since December 2011, the government is working on this new Act. It is not certain when the first draft will now be released. If the government would manage to publish […] read more
Doing Business in Egypt after the January Revolution: Capital Market and Investment Laws
Egypt underwent many economic and legal reforms that resulted in remarkable economic growth at the turn of the century. Due to widespread corruption, however, this economic growth mostly benefited the small clique of powerful officials and businessmen. Unsatisfied Egyptians then took their demands for a better life to the streets, culminating in the January Revolution. Although there were other political motivations to the Revolution, socioeconomic stances were at its heart. The Revolution is expected […] read more
POLAND – A HUB FOR CHINESE EXPANSION IN EUROPE?
GENERAL OVERVIEW According to the World Bank’s data the People’s Republic of China (further “China” or “PRC”) is currently the second world’s largest economy (GDP ranking) with economic ambitions exceeding the Asian region. PRC already expands its influence in Africa and Latin America by concluding numerous trade agreements. And what about Europe? From the Chinese point of view the economic crisis that preoccupies Europe seems an opportunity rather than an obstacle. Now, the question […] read more
Banks’ merger – Santander takes over Kredyt Bank
I have repeatedly referred, in the Polish neswpapers, to the fascinating topic of mergers and acquisitions (M&As) of banks in Poland. Again, I raised the issue at the Business & Law Blog at the end of 2011, where I pointed out that there were four banks in Poland listed for sale by their majority shareholders (Bank Millennium SA, Kredyt Bank SA, DnB Nord SA and Dexia Kommunalkredit Bank Poland SA). One of these banks was […] read more