Practice areas
particularly
valued
by our clients
  • Investment process. Negotiations and owner’s supervision
  • Restructuring and M&A
  • Intergenerational succession
  • International structures

Over the last several years, we have been rendering a full range of services to our clients by providing guidance on investment processes and asset management. YOURS’ expert team of lawyers and accountants provides legal, tax and accounting advice, and our long-standing relations with law firms worldwide make us a trusted and highly competent partner for managing assets and private investment structures.

Dr Anna Maria Panasiuk, who has been advising clients for nearly 20 years, is the founder of the YOURS group and YOURS Panasiuk sp. k. law firm.

As a long-standing advisor to multiple generations, our team delivers a full array of legal and tax services, including assistance in investment projects, changes in ownership structure and restructurings of Polish businesses, helping to carry out intergenerational succession. Not only do we make sure that our clients receive comprehensive legal support in investment matters, but we also assist them in their day-to-day economic activity.

It is our innovative approach combined with reliability that has built enduring relationships with our clients, giving them the confidence to entrust us with issues relating to their assets and succession, by appointing us as trustee or executor of last will. Our client portfolio includes investors, manufacturers, commercial companies, and features both companies ranked in Poland’s TOP 500 enterprises and fast-growing family businesses.

For us,

every client is important.

Sector experience

financial sector | development and construction | energy | transport and logistics
new technologies / IT | e-commerce | media and culture.

INVESTMENTS

RESTRUCTURING AND M&A

INTERGENERATIONAL SUCCESSION

INTERNATIONAL STRUCTURES

Services provided by our Investment team include, in particular:

  • We support our clients in negotiations relating to investment and economic processes. In addition to providing legal and tax advice, our team also assists in business negotiations domestically and in dealings with foreign business partners
  • We draft and negotiate investment agreements and provide comprehensive and rounded legal, tax and financial support
  • We represent our clients at shareholders’ and supervisory board meetings of Polish companies
  • We exercise owner’s supervision over foreign companies and foundations and funds
  • We provide services aimed at optimising the investment portfolio services in foreign financial institutions (cost optimisation)
  • We offer professional trustee and protector services (also in case of minor heirs and/or persons requiring supervision) etc.
  • We conduct both vendor due diligence and buy-side due diligence
  • We assist clients in negotiating and drafting business and legal assumptions for transactions
  • We provide comprehensive legal and tax advice during M&A transactions involving sale and purchase of shares in companies, partnerships, enterprises and/or components thereof
  • We represent clients before regulatory institutions (e.g. the Polish Office of Competition and Consumer Protection, the Polish Financial Supervision Authority), courts and tax authorities
  • We provide post-transaction legal and tax advice
  • We advise on the planning and implementation of the optimal legal frameworks for ventures and/orvinvestments
  • We provide legal and tax analysis of business assumptions, and assistance in selecting the appropriate mechanisms for achieving objectives
  • Our solutions involve Polish and foreign companies and funds
  • We liaise with reliable foreign advisors, which allows to handle cross-border matters with great efficiency
  • together with the client, we develop the optimal transaction structure, including tax, legal and business aspects of the planned investment
  • We provide assistance in designing the structure for transaction accounting, as well as in establishing /granting financing security instruments (escrow, mortgage, submission to enforcement, etc.)
  • We participate in procedures aimed at selecting bidders (e.g. tenders)
  • We advise during negotiations and assist in drafting documentation necessary to finalise the investment
  • We provide comprehensive acquisition assistance to domestic and foreign industry companies
  • We advise on private and commercial real estate property development, negotiate terms and conditions of investment projects, and provide a one-stop-shop for all legal and tax advice needs
  • We match parties to investment projects, with respect to seeking investment (acquisition) targets and investors (capital)
  • We provide comprehensive advice on business venture financing, with particular focus on debt financing provided from private (non-institutional) lenders
  • We support our clients by offering day-to-day investment portfolio services, performing tax and legal due diligence investigations, providing day-to-day tax assistance, and arranging contacts with banks and investment fund companies (TFI) by optimising investment portfolio costs
  • Our law firm runs the above projects also in collaboration with YOURS Family Office, a part of the YOURS Group
Dr Anna Maria
Panasiuk Attorney-at-law, Founder of Yours Group

Dr Anna Maria
Panasiuk

Attorney-at-law, Founder of Yours Group

Founder of YOURS Group and Managing Partner of YOURS Panasiuk spółka komandytowa law firm.

Anna heads a team of lawyers, tax advisors and bookkeepers. She supervises the performance of legal and tax services provided to clients, who oftentimes rely on her as a strategic legal counsellor not only with respect to legal affairs, but also diversification of investment portfolio and succession planning. Besides actively engaging in designing international holding structures, Anna is an effective negotiator representing clients at different investment stages. She specialises in intergenerational succession planning, and advises clients on the implementation of their family philanthropic policy. With her hands-on approach, she helps future heirs engage in the execution of family investment plans. She also acts as conservator of private foundations and last will’s executor. Based on her experience, she assembled a team of experts offering services for wealthy families under the brand YOURS Family Office, which has become a pioneer of such services in the Polish market.

Piotr Świąć Attorney-at-law

Piotr Świąć

Attorney-at-law

Piotr specialises in commercial companies law, mergers & acquisitions, as well as in negotiating and concluding economic agreements. He has vast experience in providing corporate advice to companies and investment funds, and in proceedings before registry courts. He is also an expert in bankruptcy law. Piotr has advised clients in ground-breaking bankruptcy proceedings of brokerage houses and investment companies. He has knowledge and expertise in the field of securities law, with particular focus on debt instruments, bonds and notes. He has provided comprehensive legal services to commercial companies, investment funds and associations. Piotr has also advised entrepreneurs, private and public companies, banks, insurance and leasing companies, investment fund companies, as well as foreign and international financial institutions.

Services provided by our Restructuring and M&A team include, in particular:

  • We advise on the planning and implementation of company restructurings, including by way of merger, division, transformation and/or liquidation
  • We develop timelines for such processes
  • We support clients at each stage of implementation, by offering either turnkey end-to-end solutions with clients’ minimum involvement, or by merely supervising projects run by clients
  • We deliver registered SPVs
  • We comprehensively develop and implement succession models
  • We provide coaching services to heirs and support them in the process of taking over the family business
  • The typical succession process conducted by us includes:
    • the succession analysis, i.e. an evaluation and description of the status of relationship ties between family members and ties in terms of assets with a view to identifying risks and potential problems, as well as possible alternative solutions
    • based on conclusions presented, the client proceeds to the decision-making process, which, due to the high sensitivity of the issues analysed, tends to be time-consuming; at this stage, our advice consists in providing answers to questions and presenting solutions to particular issues
    • developing a timeline for the implementation stage, depending on the chosen scenario, it may relate to the financial, legal or another area
    • implementation, i.e. the time for implementation of the concept, which involves the work of legal, tax and financial advisers, and accountancy professionals
    • periodical audits of the implemented solution, aimed at checking the functioning of the adopted model, and introducing possible amendments and/or updates
  • We advise on the planning and implementation of the optimal legal frameworks for particular types of business, taking into consideration the client’s needs and the specifics of the client’s situation
  • We support our clients in the decision-making process
  • We develop detailed timelines for planned actions, taking into account their cost and time necessary for implementation
  • We support clients at each stage of restructuring, by offering either turnkey end-to-end solutions with clients’ minimum involvement, or by merely supervising projects run by clients
  • We conduct legal audits of companies’ activity relating to planned investments, obtaining financing or compliance audits
  • We also analyse the decision-making mechanisms in a business in terms of the optimal apportionment of D&O liability
  • based on selected material contracts, we analyse the flow of information in the company and check whether corporate requirements are met
  • We check the completeness and correctness of corporate documentation
  • We check whether the terms of office of the company’s governing bodies are correctly renewed
  • We prepare comprehensible audit reports, together with our recommendations for amendments
  • We advise clients on developing restructuring scenarios for businesses that are insolvent or face the risk of insolvency
  • We hold a restructuring advisor licence issued by the Polish Minister of Justice
  • We represent clients in bankruptcy proceedings
  • We analyse the effectiveness of agreements concluded, and consequences resulting therefrom in case of bankruptcy
  • We provide advice on securing parties’ interests in case of a debtor’s bankruptcy
  • We analyse the state of insolvency and help mitigate liability risks connected therewith
  • We support clients in transactions involving the purchase of enterprises/assets from bankruptcy estate receivers, with respect to due diligence of the assets being purchased, as well as the development and negotiation of transaction documents
  • We analyse, issue opinions, negotiate agreements and evaluate their tax consequences
  • We advise on various aspects of business activity, such as employee matters, relations and disputes with business partners, authorities and courts
  • We draw up rules and regulations concerning various aspects of operation (including employee-related issues, loyalty programmes, provision of services, and functioning of governing bodies)
  • We provide day-to-day corporate assistance, and legal assistance with respect to meetings of the company’s governing bodies
  • We draft letters to administrative authorities, courts and business partners
  • We provide day-to-day legal support to particular organisational units of the enterprise with respect to their daily business operations
  • We conduct debt recovery
  • We conduct both vendor due diligence and buy-side due diligence
  • We assist clients in negotiating and drafting business and legal assumptions for transactions
  • We provide comprehensive legal and tax advice during M&A transactions involving sale and purchase of shares in companies, enterprises and/or components thereof
  • We represent clients before regulatory institutions (e.g. the Polish Office of Competition and Consumer Protection, the Polish Financial Supervision Authority), courts and tax authorities
  • We provide post-transaction legal and tax advice
Dr Anna Maria
Panasiuk Attorney-at-law, Founder of Yours Group

Dr Anna Maria
Panasiuk

Attorney-at-law, Founder of Yours Group

Founder of YOURS Group and Managing Partner of YOURS Panasiuk spółka komandytowa law firm.

Anna heads a team of lawyers, tax advisors and bookkeepers. She supervises the performance of legal and tax services provided to clients, who oftentimes rely on her as a strategic legal counsellor not only with respect to legal affairs, but also diversification of investment portfolio and succession planning. Besides actively engaging in designing international holding structures, Anna is an effective negotiator representing clients at different investment stages. She specialises in intergenerational succession planning, and advises clients on the implementation of their family philanthropic policy. With her hands-on approach, she helps future heirs engage in the execution of family investment plans. She also acts as conservator of private foundations and last will’s executor. Based on her experience, she assembled a team of experts offering services for wealthy families under the brand YOURS Family Office, which has become a pioneer of such services in the Polish market.

Andrzej Sałamacha Legal counsel, Insolvency and Restructuring Advisor

Andrzej Sałamacha

Legal counsel, Insolvency and Restructuring Advisor

Andrzej has gained his experience working on numerous projects involving foreign investors and major Polish companies in the field of M&A, sale and acquisition of enterprises, as well as on a variety of company restructurings and reorganisations, including by way of merger (also cross-border), division, transformation and liquidation. He also advises on day-to-day corporate matters, meetings of company’s governing bodies, and analyses relating to various aspects of their operations. Furthermore, his interests and experience cover the succession planning for family businesses, as well as legal and tax protection of the business during generation change. He is an expert in the restructuring of bankrupt entities, and bankruptcy matters.

Our team has gained the trust of the oldest Polish businesses, and thus we have expertise in:

  • We develop and implement succession models
  • We provide coaching services to heirs and support them in the process of taking over the family business
  • the typical succession process conducted by us includes:
    • the succession analysis, i.e. an evaluation and description of the status of relationship ties between family members and ties in terms of assets with a view to identifying risks and potential problems, and possible alternative solutions
    • based on conclusions presented, the client proceeds to the decision-making process, which, due to the high sensitivity of the issues analysed, tends to be time-consuming; at this stage, our advice consists in providing answers to questions and presenting solutions to particular issues
    • developing a timeline for the implementation stage, depending on the chosen scenario, it may relate to the financial, legal or another area
    • implementation, i.e. the time for implementation of the concept, which involves the work of legal, tax and financial advisers, and accountancy professionals
    • periodical audits of the implemented solution, aimed at checking the functioning of the adopted model, and introducing possible amendments and/or updates
  • We assist in drafting wills, statutes of family foundations, duties and responsibilities of executors
  • We act as executors and trustees of private foundations and companies in Poland and abroad
  • We participate in inheritance proceedings in Poland and abroad
  • We make sure that cross-border inheritance is dealt with smoothly and safely
  • We liaise with reliable foreign advisors, which allows to professionally handle cross-border inheritance cases
  • We make sure that actions taken abroad do not entail any adverse legal and/or tax consequences in Poland
  • We support clients in evaluating the investment climate in locations contemplated by them
  • We conduct liquidation and inheritance procedures outside of Poland
  • in collaboration with our long-term foreign partners, we make it possible to properly assess the investment attractiveness of a chosen location
  • We evaluate potential procedural and legal barriers which may be relevant in the process of choosing the investment location
  • We provide comprehensive services, including legal and tax assistance in cross-border transactions
  • We set up foreign private (family) foundations and provide services related thereto, which allows to flexibly craft succession solutions
  • We help to reflect the intent of the founder by properly formulating the statutes, designing principles for beneficiaries’ participation and introducing control mechanisms
  • We design solutions involving family foundations with definite and indefinite time perspective
  • We actively partake in lobbying in favour of legal regulations enabling to set up family foundations in Poland
  • We assist clients in setting up pro public bono foundations and provide services related thereto
Dr Anna Maria
Panasiuk Attorney-at-law, Founder of Yours Group

Dr Anna Maria
Panasiuk

Attorney-at-law, Founder of Yours Group

Founder of YOURS Group and Managing Partner of YOURS Panasiuk spółka komandytowa law firm.

Anna heads a team of lawyers, tax advisors and bookkeepers. She supervises the performance of legal and tax services provided to clients, who oftentimes rely on her as a strategic legal counsellor not only with respect to legal affairs, but also diversification of investment portfolio and succession planning. Besides actively engaging in designing international holding structures, Anna is an effective negotiator representing clients at different investment stages. She specialises in intergenerational succession planning, and advises clients on the implementation of their family philanthropic policy. With her hands-on approach, she helps future heirs engage in the execution of family investment plans. She also acts as conservator of private foundations and last will’s executor. Based on her experience, she assembled a team of experts offering services for wealthy families under the brand YOURS Family Office, which has become a pioneer of such services in the Polish market.

For 20 years, our team has specialised in:

  • We advise on choosing the optimal jurisdiction by presenting the client with an overview of available options
  • We help clients in setting up foreign companies and/or structures in chosen jurisdictions
  • We provide day-to-day corporate and transaction advice to domestic and foreign entities
  • We liaise with reliable foreign advisors, which allows to handle cross-border matters in a timely and professional manner
  • We provide comprehensive services, including international legal and tax advice and organisational support in choosing other services, such as accountancy, office lease and/or support of professional directors
  • We have expertise in advising individuals on change of tax residency
  • We settle tax residency related matters in Poland and abroad
  • We handle legal formalisation of held tax residency
  • We provide comprehensive services relating to the legalisation of funds and/or assets held at foreign financial institutions and not reported to the Polish tax authorities and/or the National Bank of Polish (NBP)
  • We have many years of expertise in legal and tax assistance in such matters
  • We analyse the correctness of reporting requirements towards the National Bank of Polish (NBP)
  • We work with renowned law firms and tax offices, both in Europe and beyond
  • We represent our clients before public administration bodies and offer assistance in organising foreign legal services
  • We support clients in developing and implementing cross-border restructuring concepts
  • We are committed to acting in total respect for transparency and compliance with Polish law
  • We make sure that actions taken abroad do not entail any adverse legal and/or tax consequences in Poland
  • We provide accountancy and financial services to businesses and individuals
  • We help in relocating assets held by foreign investment vehicles back to Poland
  • We develop concepts for optimal repatriation of funds/assets for inclusion in personal assets in Poland
  • We advise how to protect against financial losses resulting from the ever-changing legal and tax environment
  • We make sure that assets are safely transferred to Poland, and guarantee full accountancy and tax services, taking into account any outstanding accounting and tax liabilities in the country of registration of the business
  • We make sure that legal formalities relating to the liquidation of foreign structures are properly completed
  • We analyse whether reporting requirements are correctly fulfilled, taking into account new provisions on taxation of CFCs and the automatic exchange of information
Dr Anna Maria
Panasiuk Attorney-at-law, Founder of Yours Group

Dr Anna Maria
Panasiuk

Attorney-at-law, Founder of Yours Group

Founder of YOURS Group and Managing Partner of YOURS Panasiuk spółka komandytowa law firm.

Anna heads a team of lawyers, tax advisors and bookkeepers. She supervises the performance of legal and tax services provided to clients, who oftentimes rely on her as a strategic legal counsellor not only with respect to legal affairs, but also diversification of investment portfolio and succession planning. Besides actively engaging in designing international holding structures, Anna is an effective negotiator representing clients at different investment stages. She specialises in intergenerational succession planning, and advises clients on the implementation of their family philanthropic policy. With her hands-on approach, she helps future heirs engage in the execution of family investment plans. She also acts as conservator of private foundations and last will’s executor. Based on her experience, she assembled a team of experts offering services for wealthy families under the brand YOURS Family Office, which has become a pioneer of such services in the Polish market.

Szczepan Adamski President of the Management Board Yours sp. z o.o.

Szczepan Adamski

President of the Management Board Yours sp. z o.o.

Szczepan specialises in financial and company law, and supervises legal and bookkeeping services provided to domestic and international vehicles used in tax-planning projects and capital restructurings. He also has experience in establishing co-operation with numerous domestic and foreign financial institutions, with particular focus on building and managing investment portfolios. He combines experience in company law and international tax planning with extensive know-how on services as well as legal and tax solutions offered by foreign suppliers. Szczepan advises clients on changes in capital and ownership relations, investments and restructurings, and day-to-day corporate matters. With his many years of experience in managing business entities, he has numerous times served on the board of capital companies to improve and stabilise their performance.

Dr Anna Maria Panasiuk

Adwokat, Założycielka Grupy Yours

We have been there
for our clients for many years,
assisting in business restructurings
and new investments,
as well as negotiating
and exercising owner’s supervision.

Successful business development in a fast-changing economic landscape requires not only to keep up with the pace imposed by the competition, but also to take an innovative approach to succession and expansion of family business. Therefore, we support our clients in restructurings that are not only essential to mitigate legal and tax risks, but also to address the economic need for development of your business. For many years, we have assisted our clients in negotiations regarding obtaining financing, sale and/or purchase of material assets, and conduct of significant international business transactions.

We are particularly honoured to have your trust with respect to succession matters and issues evolving the transfer of family assets securing the interests of particular beneficiaries, especially the closest family members.

The projects we run are just as diverse and interesting as our clients. It is clear to us that, together, we are not only trying to preserve the material and social values set by our clients, but we are also creating a new basis for business organisation, Polish economy and timeless social values.

It is our pleasure to present below selected projects on which YOURS Panasiuk’s team worked in the years 2016 – 2017.

A restructuring of a Polish group of investment companies worth approx. PLN 350 million. The specifics and, at the same time, one of the main difficulties of this project was the absence of a standard successor. Therefore, the core task was to hand over the group to the key employees and maintain employment. The project was also aimed at achieving other objectives set by the founder of the group and, at the same time, a foundation performing significant social projects. In the course of the restructuring, a precedent-setting decision (which was also crucial for the project’s success) was handed down in our favour by the Voivodeship Administrative Court.

A succession of one of the oldest Polish trade businesses, with more than 65 years of history. Since it was vital for the business to be handed over to grandchildren, we made sure that the transfer to the fourth generation was effected smoothly. The new legal form of the business aims at ensuring the firm’s continuity, at least until the 100th anniversary of its founding.

A restructuring of companies holding the majority stake in a Polish company listed on the WSE in Warsaw, including, among other things, contribution of the majority stake to a Polish company by a foreign controlling company, and next a cross-border merger of said companies (the project is in its end phase). The merger process is unusual, among other things due to the fact that it involves a takeover of the parent company by its subsidiary, i.e. the so-called downstream merger, and that the acquiring company is a limited liability company (and not a joint-stock company), which entailed the necessity of an extensive analysis of legal issues relating thereto, as well as the necessity of coming forward with appropriate solutions.

A complex and multi-layered restructuring of portfolio companies including, among other things, establishing a Closed-end Investment Fund and conducting a procedure (together with the Investment Fund Company managing said Closed-end Investment Fund) aimed on one hand at designing the ultimate structure for the purpose of investment activity (primarily in the real estate market) and on the other at preparing it for the needs of settlement of cash flows arising out of the disposal of the controlling stake in a major player operating in the TMT sector.

A multi—stage restructuring of one of the leading distributers of synthetic fertilisers, also operating in the freight forwarding and fuel trading market. The project included advice on a series of share redemptions together with share capital reduction in several companies, and their subsequent merger by way of takeover by a newly established company. In terms of finances, the restructuring also required development and implementation of amendments to the indenture with respect to bonds issued by one of the companies.

We participated in the establishment of a private foundation dealing with matters verging on public and private purposes. “The purpose of the Foundation of the House of Herse in Warsaw is to carry on the legacy of my forefathers”, says the preamble to the Herse Foundation’s statutes signed by its founder Jan Górski, the grand grandson of Adam Herse. The purpose of the Foundation is to restore the memory and the functioning of “the most famous, in the pre-war time, and also the largest in Poland and Central and Eastern Europe, Bogusław Herse’s Fashion House”. Together with the descendants of the Herse family, we had the pleasure of co-designing solutions which will contribute to the continuation of the Polish tradition of fashion art, and which will incontrovertibly become an inseparable part of the Polish national heritage. It should also be noted that these solutions also serve family and private purposes aimed at rebuilding the pre-war Herse business.

Thank you for putting your
trust in us.