act legal Poland advises on sale of two retail parks

act BSWW legal & tax has acted on behalf of Rank Progress in relation to the sale of Miejsce Piastowe retail park and the preliminary sale agreement for Pasaż Wiślany retail park in Grudziądz.

On July 29, 2021, Progress XXXVII sp. z o.o. (subsidiary of Rank Progress S.A.) entered into an agreement for the sale of 2.4963 ha of developed land in Miejsce Piastowe (near Krosno), together with a 4,752.67 m2 GLA retail park and additional developments.

On August 5, 2021, Progress XXXVI sp. z o.o. (subsidiary of Rank Progress S.A.) entered into a preliminary agreement for the sale of 1.8299 ha of developed land, together with Pasaż Wiślany retail park whose GLA is 5,188.64 m2. As long as all conditions precedent are fulfilled, the final agreement will be signed until October 28, 2021.

The law firm assisted the client at all stages of the sale of the property in Miejsce Piastowe, and with the preliminary sale agreement for the property in Grudziądz.
The project was managed by Mateusz Prokopiuk, Partner at act BSWW legal & tax. Aneta Gierzyńska, Senior Associate, was also advising on the transactions. The team was overseen by Michał Wielhorski, Managing Partner.

“These are just two out of a large number of ambitious projects on which we are advising Rank Progress,” says Michał Wielhorski.

Rank Progress is an investment and development company, listed on the Warsaw Stock Exchange.

act legal Poland reinforces its real estate practice

The law firm’s team was joined by Robert Woźniak (attorney-at-law). Robert specializes in real estate law, with a strong emphasis on lease agreements for office space and commercial premises in shopping centers, as well as in real estate transactions.

He has participated in projects related to the sale of companies and real properties, due diligence audits and investment financing.

He has over a dozen years of transferrable experience in providing comprehensive day-to-day legal services in civil, commercial and corporate law to companies operating mostly in the real estate industry, including international groups.

Robert has served as a member of management boards and supervisory boards of companies from the real estate sector (including ones with local authorities and banks as shareholders).

“Robert is a seasoned practitioner, who has been successfully supporting entities from the real estate sector for over a dozen years. We are happy to welcome him on board,” says Michał Wielhorski, Managing Partner at act legal Poland.

Real estate is one of act legal Poland’s core strengths, with a team made up of 20 lawyers. Our achievements in this field have been recognized by leading international legal directories, i.e. Chambers and Partners, and The Legal 500.

act legal Poland advises STRABAG Real Estate on sale of real property in Warsaw

Due to its dynamic growth and a number of new investments focusing on large development projects, STRABAG Real Estate is currently selling selected minor real estate assets. One of such transactions is the sale of real estate on Canaletta Street in Warsaw Downtown to the PURO Hotels chain.

Thanks to extensive experience in hotel projects, STRABAG Real Estate prepared the asset for sale together with the final construction permit.

The scope of services provided by act BSWW legal & tax included comprehensive transactional and tax advice. Previously, the law firm advised the Client on the acquisition of the property.
The project was managed by Marek Wojnar, Co-Head of Real Estate, Managing Partner at act BSWW legal & tax and by Marta Kosiedowska, Partner at act BSWW legal & tax. The tax team was led by Małgorzata Wąsowska – Head of Tax, tax advisor and Partner at the firm.

„STRABAG Real Estate is developing very dynamically – its portfolio is changing and in some cases the Client decides on disinvestment. This transaction is one of such examples and takes place in parallel to a number of acquisition projects on which we are currently advising STRABAG Real Estate“ – says Marek Wojnar.

„The excellent location of the property undoubtedly proves its investment attractiveness“ – adds Marta Kosiedowska.

act legal Deutschlands Dr. Alexander Höpfner wurde als Sachwalter von Transfertex bestellt

Dr. Alexander Höpfner wurde mit Beschluss des Insolvenzgerichts Aschaffenburg vom 20. Mai 2021 in einem Eigenverwaltungsverfahren (Schutzschirmverfahren) zum Sachwalter von Transfertex bestellt

Die Transfertex GmbH & Co. Thermodruck KG produziert seit 1970 mit dem Qualitätsanspruch „Made in Germany“ im Digitaldruck und Tiefdruck umweltfreundliches Transferpapier für die Textilindustrie und beliefert Kunden weltweit. Auf Basis des Transferpapiers werden Kleidung für namhafte Mode-Labels und Sporttrikots, unter anderem auch für Teilnehmer der Fußball Champions- League, aus Polyesterstoffen hergestellt. Durch die Kombination von Digitaldruck und Tiefdruck ist Transfertex als einziger Lieferant in Deutschland in der Lage, bis 1 Mio. Meter Transferpapier in kürzester Zeit zu produzieren. Transfertex beschäftigt aktuell 140 Mitarbeiter.

Die durch die COVID-19 Pandemie ausgelöste Absage und Verschiebung von Sportevents, wie z.B. Olympische Sommerspiele oder Fußball-Europameisterschaft, hat zu einem massiven Einbruch der Trikotverkäufe geführt. Im Segment Bekleidung für Mode-Labels kam es zu gravierenden Umsatzrückgängen aufgrund der durch Lockdown bedingten Schließungen des Textileinzelhandels. Ziel des vom Insolvenzgericht Aschaffenburg gewährten Schutzschirm- und Eigenverwaltungsverfahrens ist die Sicherung der Substanz von Transfertex und die Überbrückung des Lockdowns.

Nach den allein in den vergangenen sechs Monaten bereits erfolgreich abgeschlossenen Eigenverwaltungsverfahren von Baden-Board, Picard, JMT, Hallhuber und Vossloh-Schwabe kann die von den Partnern Dr. Sven Tischendorf, MBA und Dr. Alexander Höpfner geführte erfolgreiche Insolvenz- und Sanierungspraxis von act legal Deutschland mit der Bestellung von Dr. Alexander Höpfner zum Sachwalter von Transfertex die starke Marktstellung von act legal Deutschland in marktbekannten Insolvenzfällen weiter ausbauen.

„100% Individualität, 100% Power, 100% Überzeugung. Ich habe alle Möglichkeiten.“



Hidden Champion (m/w/d) mit Großkanzlei-Background oder Restrukturierungserfahrung (2-4 Jahre) für einen klaren Partnertrack in den Bereichen Arbeitsrecht • Restrukturierung • M&A gesucht. Dann werden Sie ein Teil von act legal!

Wir benötigen von Ihnen keine förmliche Bewerbung, sondern ein simpler Anruf oder eine kurze Mail wäre aus unserer Sicht „just right“. Wir freuen uns darauf, Sie kennen zu lernen!

Mehr Infos erhalten Sie in unserer Stellenanzeige:

Folgen Sie uns auch auf LinkedIn

Hidden Champions (m/w/d) mit Großkanzlei-Background gesucht.



Sie sind ein Hidden Champion (m/w/d) mit Großkanzlei-Background (2-4 Jahre) und streben einen klaren Partnertrack in den Bereichen M&A • Private Equity • Restrukturierung • Arbeitsrecht an? Dann werden Sie ein Teil von act legal!

Wir benötigen von Ihnen keine förmliche Bewerbung, sondern ein simpler Anruf oder eine kurze Mail wäre aus unserer Sicht „just right“. Wir freuen uns darauf, Sie kennen zu lernen!

Mehr Infos erhalten Sie in unserer Stellenanzeige:

Folgen Sie uns auch auf LinkedIn

Common labour law issues and misconceptions in the state of emergency

If the company’s sales have fallen due to the crisis caused by the coronavirus, can employees’ salaries be reduced or even employed in other jobs?

The employer may not unilaterally reduce the wages of employees or change their jobs. According to the Labour Code, the parties to the employment contract must agree on the employee’s basic salary and position. That is why wages and positions can only be changed by mutual agreement of the parties. Thus, a salary reduction or a change of job can be made by amending the employment contract, which requires the consent of the parties.

If the salary cannot be reduced and the job cannot be changed unilaterally, then how can the employer get rid of the overstaffing situation?

The employment may be terminated by the employer by notice, which is a unilateral act, i.e. it does not require the agreement of the parties. If the parties can agree on the termination of the employment, they may settle the matter of parting ways by mutual agreement. Thus, the rules for termination of employment have not been changed with regard to the coronavirus, employment can still be terminated by mutual agreement or termination if the employee cannot be provided with work.

Could the coronavirus be the reason for the termination?

The employer is required to give the reasons for the termination and the Labour Code requires the reasons for the termination be clearly stated. This requirement is not met if the justification for the termination is merely that „the termination is due to the coronavirus“.

The reason for the termination in this case will be a reason related to the operation of the employer, i.e. the loss of income due to the coronavirus and the resulting redundancies and/or reorganisations. However, these must be apparent from the statement of reasons, which must be clear, real and reasonable.

Of course, in an eventual labour lawsuit, the employer has to prove the fact that the income has decreased and as a result the number of employees has actually been reduced and the work processes have been reorganized. Thus, termination will be unlawful if, after the termination, another employee is hired for the same job instead of the employee who was terminated with reference to redundancies.

If the rules for terminating employment have not changed, what has changed because of the coronavirus? Although the Labour Code has not changed since January 1, 2020, the government has allowed deviations from certain rules of the law for a period lasting until thirtieth day following the end of the state of emergency. Thus, for example, the employer may unilaterally order the employee to work from home and telework, but the government decree also gives the opportunity for the parties of the employment to deviate from the rules of the Labour Code in a separate agreement.

Last Call – Be prepared for the possible shutdown!

Starting Sunday, nationwide curfews are threatened. Ensure the legally compliant work of your employees in the mobile office. The conclusion of appropriate agreements is very useful for this.
In addition to the framework conditions under labour law, above all data protection regulations must also be laid down, as is the case with office work.

Read more (german version): https://act-newsletter.com/Coronakrise_Arbeiten_im_mobileoffice_datenschutzkonform_gestalten.pdf

We are happy to support you. Please contact us.

act legal Poland assists Adventum in purchase of Renaissance

Adventum International, a global property investment fund, has acquired Renaissance Plaza. The office building is located right next to Wola – the fastest-growing quarter of Warsaw. This is the fund’s second investment in Poland within just four months, following the June purchase of Poznań Financial Centre. 

Renaissance Plaza is a 7-storey B+ class building with a total area of 10,000 sqm, located in the Wola district of Warsaw, close to Rondo Daszyńskiego, the city’s most rapidly growing section. The building is fully occupied by Orange Polska S.A. It was extended in 1998 and underwent substantial renovation in 2016.

Adventum QUARTUM, a Maltese investment fund, acquired the building from REInvest Asset Management.

Under the Adventum QUARTUM fund we intend to utilise a further EUR 150 million in the forthcoming months for office and retail properties with special focus on Poland. We are glad to have undertaken our second such transaction with REInvest Asset Management,” says Andras Marton, Director at Adventum International.

act legal Poland (BSWW) was advising its client throughout the process of acquisition of Renaissance Plaza. The scope of services included a due diligence review of the property, preparation of transaction documents, as well as support in negotiations and transaction advisory.

The project team was led by Marek Wojnar (Managing Partner) and Marta Kosiedowska (Partner). They were supported by Michał Sołtyszewski (Partner).

It is the second out of several transactions on which we have advised Adventum International,” says Marta Kosiedowska.

We are pleased to have won the client’s trust and to take part in building our Client’s investment portfolio in Poland,” adds Marek Wojnar.

Deloitte supported the purchaser within the scope of financial advisory. The seller was supported by MFC Real Estate and CMS Cameron McKenna.

One of the 100 most attractive employers for lawyers

In the current azur Associate Survey „azur 100 Top Employers 2019“, act legal Germany (AC Tischendorf Rechtsanwälte) again scores excellently – due to the working atmosphere, the equal treatment, the internal communication and not least thanks to the short partner track – and is rewarded with being ranked among the top 100 employers in 2019.

The editors concluded: „Only in a few other law firms do lawyers feel as comfortable as at AC Tischendorf„.

Find the whole ranking description (in German only) here.

Every year, the industry press publisher JUVE presents its azur brand to the 100 top employers with good career prospects for lawyers. Through independent research, trainee lawyers, career starters and students receive valuable information, insights and evaluations on employers that the editorial staff considers to be the 100 most attractive in Germany this year. The decisive criteria are those that are important for young lawyers when assessing a desired employer: Employee satisfaction, training and development opportunities, opportunities for development and advancement, family friendliness, workload and number of new hires.