1. Statutory reduction of rent in retail complexes with sales area of over 2,000 sqm • Statutory rent reduction of 90%, applicable to retail developments with a sales area exceeding 2,000 sqm, covering the period over which the Tenant’s operations are prevented/hindere...

Supervisory Impulses Package – Polish Financial Supervision Authority’s Office (PFSAO) proposes to ease regulatory burden and supervision amid coronavirus outbreak. As the coronavirus epidemic spreads, the PFSAO works on a set of proposals to help entities supervised b...

The most recent Regulation tightens the restrictions on retail and services in commercial developments of over 2,000 m2. Limitations applicable to office buildings (canteens, restaurants, cafés) have been extended without any major modifications. Starting from March 21, ...

Want to support Poland in fighting the pandemic? Planning to donate goods or services to hospitals? Wish to provide machines, equipment or premises? Worried that your good intentions will backfire, and you'll end up in a maze of taxes and paperwork? We want to help...

Based on its announcement of March 19, 2020, the Ministry of Finance is suggesting the following types of anti-crisis solutions related to taxes. • Potential tax loss carryback (PIT and CIT). The loss recorded in 2020 can be applied to the previous profitable year (20...

The SARS-CoV2 (“Coronavirus”) epidemic might lead to numerous problems in performance of construction works agreements. Our clients point to conflicting signals coming from the market: • in some investment projects (e.g. large construction projects), investors ins...

On March 18, 2020, during a conference held after the Cabinet Council meeting, the President and Prime Minister of Poland announced that works are underway on a range of draft bills as part of the so-called “anti-crisis shield.” They are supposed to form an aid package ...

On Wednesday (18 March 2020), the President and Prime Minister announced a relief package worth PLN 212bn to counter the fallout from the coronavirus outbreak. Although full details of the relief measures are not yet available, it is clear that the stimulus plan is goin...

TUF Real Estate has closed the deal on land purchase for a new project to add to its retail park portfolio. TUF Real Estate’s new retail park will be located in Golub-Dobrzyń and is expected to be up and running next year. The investor has already taken first steps to ...

On 13 March 2020, the Polish government announced the state of epidemic threat due to COVID-19, more commonly known as the coronavirus. The days that followed saw the government close the Polish borders, impose a mandatory 14-day quarantine for Polish citizens returning...