Assignment of receivables and effective satisfaction of lenders' secured claims
Under an amendment to the Bankruptcy Law, the position of a lender holding an assignment of the borrower’s receivables in the event of the borrower’s bankruptcy has changed, but the application and effects of the amendment in practice remain unclear.
The existence of a directors and officers liability policy is not sufficient to assert a direct action against the insurance com
The Warsaw Court of Appeal has held that an insurance company may be liable for a loss caused by an insured as a member of a corporate management board only upon compliance with certain formal conditions.
Foreign investors speak out on legal barriers in Poland
The country’s strengths include a large, strong market, a skilled workforce, and political stability. The main barriers are the inflexible employment law, unclear tax regulations, and difficulties in seeking investment incentives.
Commercial register transcripts free online
Since 1 January 2012, the National Court Register Information Centre has been required to provide free online access to complete up-to-date information from the National Court Register and copies of documents submitted to the registry files.
How many real changes in the Personal Data Protection Act?
A banner was posted at the beginning of 2012 on the website of Poland’s Inspector General for Personal Data Protection—”Notice: Change of law!”
Things to bear in mind when retaining title to goods sold
A seller may secure payment of the purchase price by reserving title to goods in the sale agreement, even if the goods are delivered to the buyer. Reservation of title must be made in writing with a certified date.
Mandatory elements of the articles of association of a limited-liability company
Z punktu widzenia kontrahentów i wierzycieli przystąpienie nowego wspólnika zarządzającego do spółki komandytowej lub komandytowo-akcyjnej jest co do zasady korzystne.
Public procurement-EU thresholds raised!
The European Union’s threshold for announcement of public works contracts awarded by all contracting authorities has been raised from EUR 4,845,000 to EUR 5,000,000. The thresholds for contracts for goods and services have also increased.
Tax office needs to know about amendments to corporate charter
The Commercial Companies Code requires a company to notify the tax office of amendments to its articles of association or statute, but the law provides no sanctions for failure to do so.
Preliminary agreement for real estate transaction without a shareholder resolution?
A company may enter into a preliminary agreement to buy or sell real estate without obtaining shareholder approval, but the lack of a shareholder resolution will prevent the parties from seeking a court order enforcing the promise to go through with the t
Wardyński & Partners co-author Cambridge book on liability for climate change
A book devoted to legal liability for climate change has been published by Cambridge University Press. Lawyers from Wardyński & Partners authored the section involving Polish law.
May counterfeit and pirated goods in transit through the EU be seized and destroyed?
The European Court of Justice has clarified its holdings on the issue of transit of infringing goods through EU territory.
