Month: July 2020

Rymarz Zdort is pleased to announce that in the most recent edition of the IFLR100 ranking it has been recognised as one of the best law firms in Poland for capital markets. The ranking also covered individual recognitions for private equity.

In the category Capital Markets: Equity, Rymarz Zdort has been recognised in Tier 1, and in Tier 2 for Capital Markets: Debt.

Several Rymarz Zdort lawyers have also been recognised individually for Capital Markets as well as Private Equity.

Market Leader recognitions:

• Marcin Chylinski (Capital Markets: Equity);
• Pawel Rymarz (Capital Markets: Equity, Private Equity); and
• Pawel Zdort (Capital Markets: Equity; Capital Markets: Debt, Private Equity).

Highly regarded recognitions:

• Ewa Bober (Capital Markets: Equity);
• Zofia Frydrychowicz (Capital Markets: Debt);
• Dr (hab.) Lukasz Gasinski (Capital Markets: Equity, Private Equity); and
• Marcin Iwaniszyn (Capital Markets: Debt).

Notable practitioner recognition:

• Monika Kierepa (Capital Markets: Equity);
• Dr Filip Uzieblo (Private Equity).

Congratulations to all recognised individuals and teams.

The results of other ratings will be published in due course.

Rymarz Zdort advised PGNiG S.A. in connection with the execution of a five-year agreement with Klaipedos Nafta for the use of the entire capacity of its LNG (liquid natural gas) tanker truck reloading station in Klaipeda, Lithuania.

The conclusion of the contract enables the Polish company to import LNG by sea to Klaipeda starting from April 2020. The reloading station in Klaipeda in equipped with five LNG tanks, each with a capacity of 1000 m3, which enables the storage of 2,250 tons of LNG. Additionally, the installation enables the bunkering of ships powered by LNG engines. PGNiG’s bid won the tender process conducted by Klaipedos Nafta in autumn 2019.

“We are glad to have been able to work with PGNiG on a project that helps our client further develop their small-scale activities, in particular on the Lithuanian market. We wish to thank PGNiG for their continuing trust in our team”, said Marek Durski, the partner heading the energy and natural resources team at Rymarz Zdort.

The transaction was led by Marek Durski, the partner heading the energy and natural resources team at Rymarz Zdort, and Adrian Augustyniak, an associate from the same team.

Polskie Górnictwo Naftowe i Gazownictwo S.A. is the leader in the Polish natural gas market. It is a listed company operating in the field of the exploration for and production of natural gas and crude oil. Through its key companies, PGNiG is also active in the area of the import, storage, sale, and distribution of gas and liquid fuels, as well as heat and electricity generation.

In the latest issue of the report, Rymarz Zdort maintains first place in the ranking for Poland. The law firm has been ranked in first place in both league tables, both in terms of deal value and the number of deals. Furthermore, Rymarz Zdort has been ranked in second place in the league table in terms of deal value in the CEE region. According to the report, in the first half of 2020 Rymarz Zdort advised on six transactions with a total value of approximately USD 3.2 billion.

“We are extremely happy about the latest legal M&A league tables. Being ranked atop both tables serves as proof of the strong position of our new independent brand on the market and the trust our clients have in the team that we have built over the years, for which we are very grateful.” – commented Paweł Zdort, managing partner.

In the first half of 2020, Rymarz Zdort advised, among others, a joint venture between a fund managed by the Real Estate Group of Ares Management Corporation and Griffin Real Estate in connection with the acquisition of 98.04% of the shares in Murapol, Vectra group in connection with the takeover of Multimedia Polska S.A. and Innova Capital and OPTeam in connection with the sale of Centrum Rozliczen Elektronicznych Polskie ePlatnosci S.A. to Rementi Investments S.A.

Rymarz Zdort advised a company controlled by a fund managed by Aberdeen Standard Investments on the acquisition refinancing of one of its photovoltaic portfolios with an aggregate capacity of 42 MW, located in Poland. Previously, Rymarz Zdort advised on the acquisition itself.

The M&A and energy team was led by Marek Durski (partner) and comprised Jakub Krzemien (counsel) and associates Adrian Augustyniak (associate), Kacper Stanosz (associate) Andrzej Granat (associate), and Marta Szczepkowska (associate).

The banking team, supervised by Marcin Iwaniszyn (partner), was led by Dr Jakub Rachwol (counsel), who was assisted by Sebastian Mikina (associate), Robert Smigielski (associate), and Patryk Gelar (associate).