The Commission proposes a regulation to increase the safety of offshore oil and gas operations
Exploration and mining of offshore oil and gas fields will be possible only by the operators that have appropriate technical and financial conditions, which would ensure recovery of costs associated with liability for any harm to the environment.
Easier to merge or spin off companies
An amendment to the Commercial Companies Code went into effect on 27 October 2011, simplifying and shortening the procedures for corporate mergers and divisions, including cross-border mergers.
Acquirer's liability for contaminated property
Czy przepisy dopuszczają odpowiedzialność nabywcy nieruchomości za jej zanieczyszczenie także wtedy, gdy szkody nie spowodował, a nawet o niej nie wiedział?
The company that swallowed its own tail
When acquiring shares it is important to examine whether either of the parties is a parent or subsidiary of the other. The existence of such ties may significantly restrict the acquirer’s share rights or even prevent effective acquisition of the shares.
Conversion of a sole trader into a capital company
It is now possible for a person conducting business as an individual to convert the business into a single-shareholder company, carrying over most elements of the existing business—except tax breaks.
Personnel files: in Polish, in writing, and for 50 years
The Labour Code and other regulations require employers to maintain personnel files and other employment documentation, governing such specific issues as the language and longevity of the documentation.
Payment service providers
The Payment Services Act provides a fixed list of types of suppliers of payment services and specifies the range of permissible activity by particular categories of payment service providers.
What information may be protected in a procurement bid as a trade secret?
An offer filed by a bidder in a public procurement procedure may contain information that constitutes a trade secret, which as an exception to the rule of transparency may not be disclosed to other bidders or third parties.
Company not criminally liable for an offence by the management board
A collective entity may not be held responsible for a crime committed by the members of its managerial authorities.
Where there's a will there's a way
The Notarial Register of Wills, recently rolled out by Poland’s National Council of Notaries, makes it easier for creditors to locate a will and establish the legal successors of a deceased debtor.
Securitisation: Be careful about reserving title to sold goods!
A business may enter into an agreement assigning its receivables to a securitisation fund, but effective assignment of claims of title to generically identified sold goods may require notice to the buyer.
Best practice just gets better and better
Under amendments to the WSE Code of Best Practice, companies will have to publish their sponsorship policies and comment on false reports about the company.