Alerts

Amendment to the Polish Commercial Companies Code 2022 – the concepts of a “mandate” and a “term of office”

6 September 2022

On 13 October 2022, an amendment to the Polish Commercial Companies Code[1] will enter into force that includes changes that will affect the functioning of governing bodies of companies. The legislature has decided to amend Article 202 § 2, Article 218 § 2 and Article 369 § 1 of the CCC[2]. These provisions address issues related to the terms of office of members of manageme...

Amendment to the Polish Commercial Companies Code 2022 – the concepts of a “mandate” and a “term of office”

The 2022 amendments to the Commercial Companies Code – holding law

23 August 2022

On 13 October 2022, the Amendment to the Commercial Companies Code[1] will enter into force, which in addition to introducing certain changes to the rules concerning the exercise of corporate governance, introduces new provisions governing the holding law into the Commercial Companies Code. The Amendment to the Commercial Companies Code aims to regulate holdings (both de facto ...

The 2022 amendments to the Commercial Companies Code – holding law

The amended Sanction Act enters into force

18 August 2022

The Polish Act on Special Measures to Prevent and Counteract Aggression against Ukraine and to Safeguard National Security[1] dated 13 April 2022 (Polish: Ustawa z dnia 13 kwietnia 2022 r. o szczególnych rozwiązaniach w zakresie przeciwdziałania wspieraniu agresji na Ukrainę oraz służących ochronie bezpieczeństwa narodowego) (the “Sanction Act”) entered into force i...

The amended Sanction Act enters into force

The Digital Markets Act adopted by the European Parliament – the first step in regulating the digital sector

8 July 2022

On 5 July 2022, the European Parliament adopted a regulation on contestable and fair markets in the digital sector (the Digital Markets Act) (the "DMA"). It will enter into force twenty days after publication in the Official Journal of the EU and become effective six months from that date. Obligations constructed under the DMA will significantly affect the operation of undertak...

The Digital Markets Act adopted by the European Parliament – the first step in regulating the digital sector

The most important changes to the Labour Code 2022

27 June 2022

In 2022, employers will face significant changes in labour law. Currently, two significant amendments to the Labour Code are pending that will require companies to implement new internal regulations and to update their current internal labour law provisions. The planned changes will affect the following areas: remote work; monitoring employee sobriety; and work-li...

The most important changes to the Labour Code 2022

The 2022 amendments to the Commercial Companies Code – changes to the principles of corporate oversight

22 June 2022

On 13 October 2022 an amendment to the Commercial Companies Code (the “CCC Amendment”)[1] will enter into force which significantly strengthens the position of supervisory boards in joint stock and limited liability companies. The new powers vested in supervisory boards of such companies (and by non-executive directors in a simple joint stock company) are correlated with th...

The 2022 amendments to the Commercial Companies Code – changes to the principles of corporate oversight

Revision of EU competition rules regarding the assessment of vertical agreements

1 June 2022

On 1 June 2022, the new Vertical Block Exemption Regulation (2022/720) adopted by the European Commission (“VBER”) comes into force. The new VBER supersedes the regulation that has been in place for the past twelve years, and together with new guidelines from the EU Commission (the “EC”), partially revises the antitrust rules for the assessment of vertical agreements be...

Revision of EU competition rules regarding the assessment of vertical agreements

The Newsletter of the National Court Register will help prevent theft of companies

31 May 2022

Theft of companies The history of the National Court Register (Krajowy Rejestr Sądowy, “NCR”) shows that proceedings conducted before registry courts were sometimes initiated under false pretences for the purpose of stealing companies. This type of fraud involves filing applications with the NCR that are based on forged documents, typically with the aim of changing the ...

The Newsletter of the National Court Register will help prevent theft of companies

The Second Chance Directive – possible changes in restructuring proceedings from 17 July 2022

17 May 2022

Polish lawmakers have until 17 July 2022 to implement most of the provisions of Directive (EU) 2019/1023 of the European Parliament and of the Council of 20 June 2019 on preventive restructuring frameworks, on discharge of debt and disqualifications, and on measures to increase the efficiency of procedures concerning restructuring, insolvency and discharge of debt, and amending...

The Second Chance Directive – possible changes in restructuring proceedings from 17 July 2022

CCC Amending Act of 2022 – the highlights

17 May 2022

The CCC Amending Act[1] will come into force on 13 October 2022 and will introduce a number of significant changes in the operation of groups of companies and in the rules of the management and supervision of commercial companies. The changes cover the following areas: the law on groups of companies; amendments to the provisions on supervisory boards of capital compa...

CCC Amending Act of 2022 – the highlights
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