New system of penalties and administrative sanctions for violation of Public Offering Act now before the Parliament
The bill would significantly raise the sanctions for violation of reporting obligations—to PLN 40 million or 5% of annual turnover. The Polish Financial Supervision Authority could also publish the names of persons violating the act.
Energy efficiency audits still not mandatory
The obligation to conduct energy efficiency audits was supposed to be implemented into Polish law in 2015, but it hasn’t happened yet.
Restructuring Law and amended Bankruptcy Law: Scope and essence of changes
The main provisions of the Restructuring Law of 15 May 2015 enter into force on 1 January 2016. It will serve one of the foundations of commercial law in Poland, enabling effective restructuring of insolvent enterprises.
Happy Holidays!
Warmest wishes to the readers and authors of our portal—for peace on earth and peace of mind.
The law of Christmas
A few words on the Merry Christmas Bill, sending telegrams during the holidays, and how Polish courts are caught up in the spirit of the season.
Will drones replace Rudolph?
With the implementation of new technologies at Claus Enterprises, Santa is seriously considering replacing his team of reindeer and using drones to deliver presents. Rudolph is already looking for another job.
Could Santa Claus buy real estate in Poland?
As everyone knows, Santa lives in Lapland. But what with the wave of inward investment in Poland, what if he decided to pull up stakes and move his establishment to property acquired here?
Battle over social insurance burdens
High social insurance premiums in Poland motivate remitters and insureds to seek business models allowing them to reduce their contributions. But the Social Insurance Institution—with the support of lawmakers—is closing more loopholes.
Control of trading in agricultural real estate
The new Agricultural System Act of 5 August 2015 enters into force on 1 January 2016, superseding the act of 11 April 2003. Barring further amendments, from the New Year the Agricultural Property Agency will be vested with expanded pre-emptive rights and new rights to decide on whether agricultural establishments can be partitioned.
Contact lenses are not cosmetics
The varying definitions of life science products and applicable provisions of EU directives and regulations can confuse even the most experienced judges, as in the case of a recent preliminary ruling by the Court of Justice sought by the regional court in the German city of Krefeld.
Economic capacity: Neither a borrower nor a lender be?
The nature of the resources that can be presented in a tender to demonstrate a contractor’s economic capacity raises doubts concerning the permissible forms in which economic capacity can be realistically shared. But the latest case law shows that there are actually many different ways for a contractor to make use of the economic capacity of another entity.
A lost opportunity: Corporate arbitration and reform of Polish arbitration law
The amendment to the arbitration law that enters into force on 1 January 2016 should increase the popularity of Poland as an arbitration forum. Lawmakers did not take full advantage of the opportunity to expand the scope of arbitration, however, ignoring calls for changes in the arbitrability of corporate disputes.
