Providing loans to enterpreneurs
We assisted our client in the comprehensive preparation of the documentation necessary to start the process of granting loans to micro-entrepreneurs. The loan agreements granted by the client are supported by the European Union from the ‘InvestEU’ fund.
The client, a polish company, is part of a Lithuanian capital group, therefore all communication within the project was conducted in English. The documentation prepared by our team, including, among others, the loan agreement itself, which meets the requirements of the above-mentioned European Union fund, as well as agreements and documents concerning the security of the agreement, were prepared in two languages: Polish and English. A particular challenge in the work on the documentation was to bring the Polish document templates as close as possible to the documentation used in other countries where the group provides its services.
As part of the project, the law firm also prepared documentation for the company’s website, such as privacy policies and regulations. The project showcased our ability to navigate complex legal and regulatory environments, combining deep expertise with practical execution to deliver a fully compliant solution.
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We advised our client on the implementation of a commitment decision issued by the Polish Office of Competition and Consumer Protection (UOKiK), which addressed certain practices related to informing clients about changes in payment service agreements. Specifically, the decision highlighted issues such as the improper form of notifying customers about fee changes and the lack of appropriate modification clauses in contracts.
We advised our client on preparing its new loyalty scheme for deployment in the Polish market. Loyalty scheme allows users to accrue points for card spend, in-app challenges and the use of selected Revolut services, and to redeem those points for benefits offered within the application.