Excessive requirements for members of supervisory boards at joint-stock companies
The basic obligation of the supervisory board is to oversee the activities of the management board, so that it acts in compliance with applicable laws, good practices and the company’s best interest. Based on the draft bill amending the Code of Commercial Companies, the...
Legal alert: Restrictions on business operations in retail developments
Restrictions on business operations in retail developments with a sales area of over 2,000 square metres, introduced under the Regulation of the Council of Ministers of November 06, 2020
Below you will our analysis of the Regulation of the Council of Ministers, dated N...
act BSWW proposes legislative changes: suspension of obligation to file for bankruptcy
With works underway to revise the so-called Anti-Crisis Shield, act BSWW has proposed that the amended legislation should include a provision suspending the obligation to file for bankruptcy. The issue is discussed in detail in the article of March 25, 2020 by Barbara S...
Significant changes for public limited companies and partnerships limited by shares in 2020
A commercial companies and partnerships code amendment, providing for dematerialization of shares, is to take effect on 1 January 2021.
From the beginning of 2021, entries in shareholders registers, kept by entities which are authorized to maintain securities accounts ...
New obligations for bond issuers
By 31 March 2020, any issuer of bonds which have not been redeemed before 1 July 2019 will be required to file, with KDPW, an electronic report of the debt owed to the holders of such bonds as at 31 December 2019.
Following the enactment of the Act on...
Regulations on combating payment backlogs and new rights of the UOKiK President enter into force on 1 January 2020
The new regulations meant to combat payment backlogs will enter into force on 1 January 2020 under the Act of 19 July 2019 on Amendments to Selected Other Acts (Ustawa z dnia 19 lipca 2019 roku o zmianie niektórych ustaw w celu ograniczenia zatorów płatniczych). The reg...
New Obligation for Public Companies: Adoption of Compensation Policy
Companies with at least one share admitted to trading on a regulated market are now required to pay compensation to management board and supervisory board members exclusively on the basis of adopted compensation policy.
What Will Change?
On November 30, 2019, a law wa...
Central Register of Beneficial Owners: new obligation for companies since October 13, 2019
Effective as of October 13, 2019, the Anti-Money Laundering and Counter-Terrorism Financing Act of March 01, 2018 (Dz. U. / Journal of Laws of 2019, item 1115, hereinafter referred to as the “AML Act”) introduces regulations that implement the Central Register of Benefi...
New rules for public offerings
Prospectus Regulation (no. 2017/1129) takes effect – changes and transition period for capital markets
Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or...
New obligations of partnerships and companies: Central Register of Beneficial Owners
The Central Register of Beneficial Owners (hereinafter referred to as the “Register”) is supposed to be implemented in Poland on October 13, 2019. This is related to the Anti-Money Laundering and Counter-Terrorism Financing Act, which came into effect as of July 13, 201...
act BSWW advised Echo Investment on its Łódź-based project
Echo Investment, Poland’s leading developer, has laid the cornerstone for Fuzja, a section of Łódź that will combine modern urban features with the historical spirit of Księży Młyn (a complex of textile factories). The company has started restoring the former Scheibler ...