We draw up leasing agreements and the general terms and conditions of contracts for various types of leasing, including direct, indirect, leveraged, operating and financial, Polish currency, foreign currency, no-service, full-service, Norwegian, zero, and tenancy leasing.
We provide advice and consultations, and also issue legal opinions regarding all aspects of leasing, in particular the leasing of means of transport and real estate.
We help Clients choose the correct tax and balance sheet classification of a leasing agreement, in accordance with applicable tax law, the Act on Accountancy, the National Accountancy Standard for Leasing, Rent, and Lease, and International Accounting Standard 17. We advise in particular on the entry of a leasing agreement on the Client's financial statement. In this respect we adapt leasing agreements and the Overall Conditions for Leasing Agreements so so that they are most suited to the Client's adopted strategy. We also issue opinions regarding new leasing products from the point of view of compliance with currently applicable law.
We create and implement systems that provide security of receivables in leasing transactions, and draw up the full package of documentation required for them to be applied effectively, and this includes the relevant client service rules. We draw up and issue opinions on forms of security issued by foreign entities which are dominant with respect to lessees (letters of sponsorship, letters of comfort, guarantees, etc.).
Lawyers at the Firm represent Clients in court disputes with lessees arising in connection with the performance of leasing agreements, in particular concerning payment and release of the leased object. We also advise leasing firms on all aspects of bankruptcy of a lessee.