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Coronavirus alert

Capital markets – easing regulatory burdens in face of coronavirus epidemic

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...

Coronavirus alert

Further restrictions for shopping centers

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, ...

Coronavirus alert

Calling all businesses! Want to help? We’re here to help you at no cost

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...

Coronavirus alert

Another batch of anti-crisis tax measures

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...

Coronavirus alert

Coronavirus epidemic and its impact on performance of obligations arising from construction works agreements

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...

Coronavirus alert

Ant-crisis measures – aid package covering taxes and social insurance (ZUS) contributions

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 ...

Coronavirus alert

Government unveils major relief 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...

News

act BSWW advises TUF Real Estate on land purchase for retail project

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 ...

Coronavirus alert

Restructuring and bankruptcy at the time of #coronavirus

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...

Coronavirus alert

Coronavirus and public procurement procedure

What about agreements executed under public procurement law act? Potential actions for contractors and contracting authorities Undoubtedly, we are and will continue to be affected by the COVID-19 (“coronavirus”) pandemic and the state of epidemic threat, introduced in...

Coronavirus alert

Employers’ rights related to declaration of state of epidemic threat

On March 13, 2020, the Minister of Health announced the state of epidemic threat in Poland. One of the main consequences is the fact that many retail and cultural facilities are closed. Below you find key comments on the employer’s rights related to the necessity to pe...