Congratulations! Double success for CMS Poland’s Tax Team!
In the 9th Annual Ranking of Tax Advisors by Dziennik Gazeta Prawna (one of the leading economic dailies in Poland) CMS Polska Tax Team was recognised as the Best as well as the Second Most Effective tax team in Poland, in the category of small tax firms. The ranking considered various criteria, including turnover per tax team fee earner, number of clients, complexity of cases, influence on the market and tax payers, quality and innovation. This is a spectacular result, especially taking into account that this relatively small tax team acts on projects that tax advisory giants would be delighted to work on. CMS has also beaten other international law firms – none of them was ranked number one in any of the categories.
The comprehensiveness of our offer and our long-term cooperation with some key clients have been recognised in the ranking. Our advisory for Saipem SpA (ENI Group) and Techint SpA (two members of the Saipem-Techint-PBG consortium), with regard to the EUR 692 mln construction of the Liquefied Natural Gas (LNG) terminal in Świnoujscie – one of the most significant strategic investments in Poland – was noted and appreciated. Our work for Saipem covered the establishment and management of the investment as well as internal finance settlements. We also successfully represented the consortium in a dispute with Poland’s Minister of Finance. The case concerned the interpretation of VAT payment obligations by the Minister of Finance, with a disputed amount of more than EUR 240 mln. Three administrative courts judged in our client’s favour, securing this strategic investment with a tax breakthrough judgment.
CMS Polska Tax Team is run by Partners and tax advisors Arkadiusz Michaliszyn and Andrzej Pośniak. Team members are lawyers Agnieszka Sałuda, Piotr Nowicki and Łukasz Dynysiuk.
The American Investor
The American Investor is the official quarterly publication of the American Chamber of Commerce in Poland. It is a voice for foreign investors and the business community in Poland,...