Rights of social groups in the construction process
What proceedings do ecological organisations have a right to participate in?
Test for application of the Payment Services Act
In light of the consequences that follow from a duty to comply with Poland’s new Payment Services Act, it is important for companies to review carefully whether the act will apply to the services they perform.
Identification requirements for corporate letterhead
The Commercial Companies Code requires companies to identify themselves in commercial dealings by providing specific information about the company. Failure to do so may have serious consequences for the individuals responsible.
Statements or certificates in public procurement?
Whether a foreign bidder in a Polish tender must submit certificates issued by the public authorities abroad, or merely submit a declaration, depends on the scope of certificates that are issued in the other country.
Regulations implementing the Payment Services Act
We continue our series of articles on the act transposing the Payment Services Directive into Polish law with a few comments on the implementing legislation.
Take a break from business
If business operations are not generating the expected profits, instead of closing down the business it is possible to suspend operations for a certain period. How should one go about this in a legal and effective manner?
Amending the articles of association when the company is still in organisation
The Polish corporate code says the articles of association of a limited-liability company in organisation may be amended by a shareholder resolution, but the Supreme Court says a shareholder agreement is required.
When a corporate manager may be held criminally liable for pollution
Criminal liability for unlawful acts detrimental to the environment may be imposed not only on a company, but also on its managers.
Exercise of share rights by the acquirer of registered shares
Can the buyer of registered shares fully exercise all share rights immediately upon acquisition of the shares?
New toy safety rules are not child's play
Toy companies must now control product quality, register suppliers and purchasers of certain products, and warn consumers against improper use of products.
What does a shareholder have the right to know about a public company?
At a general meeting of a listed company, shareholders have a right to ask questions about the company’s affairs, but management is not required—or even allowed—to answer some of them.
Omnibus securities accounts in Poland
From 2012, foreign investors wishing to invest directly in financial instruments in Poland should no longer need to open a securities account at a Polish brokerage or trust company.
