Rymarz Zdort advises Bank Millennium on consolidating brokerage business into the capital group

We are pleased to announce that Rymarz Zdort advised Bank Millennium (the “Bank”) on the consolidation of its brokerage business into the capital group and represented the Bank before the Polish Financial Supervision Authority (KNF) in connection with the extension of the Bank’s brokerage licence.

The Brokerage Office of Bank Millennium is a stand-alone division of the Bank formed by consolidating the brokerage business formerly operated by Millennium Dom Maklerski S.A.

The consolidation was effected by transferring the organised part of the enterprise of Millennium Dom Maklerski, which provided brokerage services, to its sole shareholder, the Bank. The Bank’s share capital was not increased in the process.

The advisory services of Rymarz Zdort covered transactional, corporate, tax and regulatory matters.

The firm’s transaction team was headed by Dr hab. Łukasz Gasiński, a partner in the corporate department who heads the regulatory practice. Ongoing day-to-day advice was provided by counsel Katarzyna Łukaszewicz and senior associate Szymon Cieniawski, with support from associates Sebastian Stępiński and Adam Drgas. The team also included Leszek Tokarski and Robert Krasnodębski, partners who head the tax department, and senior associates Artur Ciechomski and Maciej Kostrzewski from the tax department.