Publication
What M&A trends will transform the 2024 insurance landscape?
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
Global | Publication | December 2016
The Polish energy regulator published its auction by-laws – under Poland’s renewable energy support scheme – in November 2016, and confirmed timings for the first auction sessions (to be held on 30 December).
The law
The Renewable Energy Sources Act, 2015 (Journal of Laws 2015, 478)
The regulator
The Energy Regulatory Office
The auction by-laws mirror provisions of the Renewable Energy Sources Act and include extensive detail on participants’ access to the auction platform.
Auctions should be held at least once a year. Each session will last at least 8 hours. An auction should be held if at least three valid bids have been submitted.
No deadlines are given for verification of a declaration of participation. It has to go to the online platform sufficiently in advance to “objectively allow for the verification”. If it is submitted too late to allow for verification before the auction closes, the installation will not be able to participate. The associated risk is borne by the investor.
An application for certificate of admission has to go to the online platform sufficiently in advance to “objectively allow for the verification”. The Energy Regulatory Office will issue (or refuse to issue) the certificate of admission within 30 days from filing the application (Renewable Energy Sources Act, 2015).
The bank guarantee should be valid for (as from December 31 of the year in which the auction is held):
An investor may act personally (through its Management Board) or through its lawyer-in-fact (pełnomocnik) or authorised agent (prokurent) but a bid has to be signed by the investor (not by its lawyer-in-fact or authorised agent).
30 December 2016
Publication
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
Publication
The ongoing conflicts and further geopolitical tensions in Eastern Europe and the Middle East, coupled with upcoming elections in a number of key countries including the US and the UK, make 2024 challenging to predict what impact this will have on the insurance sector.
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On 6 September 2022, the European Commission (EC) prohibited Illumina’s acquisition of Grail, bringing to an end the administrative stage of a legal saga that has attracted interest beyond competition law specialists.
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