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new provisions

Shareholder loans under the amended Bankruptcy Law
Systemic amendments to Poland’s Bankruptcy & Recovery Law enter into force on 1 January 2016.
Shareholder loans under the amended Bankruptcy Law
Changes in inheritance law
New rules on heirs’ liability for decedents’ debts are the most significant changes in the set of amendments to the Civil Code and the Civil Procedure Code, among other acts, effective 18 October 2015.
Changes in inheritance law
New Bond Act
The Bond Act of 15 January 2015 will enter into force on 1 July 2015. Although it is a new law, for the most part it carries forward the regulations from the current law from 2005, with changes and additions where the need was revealed by the practice under the existing act.
New Bond Act
Changes in issuers’ reporting requirements
Companies listed on the main market of the Warsaw Stock Exchange and NewConnect will be required to release year-end and interim reports as well as disclose inside information. This is more of an evolution in reporting requirements than a revolution.
Changes in issuers’ reporting requirements
Polish financial institutions to be required to report to US tax authorities
On 7 October 2014 the Polish government signed an agreement with the United States to implement FATCA in Poland. The agreement now awaits ratification. It is supposed to enter into force prior to 30 September 2015.
Polish financial institutions to be required to report to US tax authorities
Key changes in Public Procurement Law
The Public Procurement Law amendment of 29 August 2014 introduces a number of important changes concerning non-price criteria, reliance on third-party capacity, abnormally low prices, trade secrets, grounds for exclusion, bid bond retention and wage indexation.
Key changes in Public Procurement Law
What is a reverse mortgage, and whom does it benefit?
In September 2014 the Polish Sejm adopted the long-awaited but controversial Reverse Mortgage Act. The act still requires the approval of the Senate and the President—and this new financial product deserves a closer look.
What is a reverse mortgage, and whom does it benefit?
New guidelines from the European Commission on de minimis agreements
A communiqué from the European Commission on de minimis agreements exempt from TFEU Art. 101 has been published in the Official Journal of the European Union.
New guidelines from the European Commission on de minimis agreements
Legalisation of employment and stay of foreigners in Poland from 1 May 2014
Temporary stay up to 3 years, application for a stay permit up to the day before the visa expires, and a single permit for stay and work: These are just a few of the advantages introduced by the new Foreigners Act.
Legalisation of employment and stay of foreigners in Poland from 1 May 2014
Public procurement requirements will apply to contracts for over PLN 126,747 net
An amendment to the Public Procurement Law will increase the threshold for application of the public procurement regime. Contracts and contests worth no more than EUR 30,000 will be exempt from procurement procedures.
Public procurement requirements will apply to contracts for over PLN 126,747 net
Changes in reporting obligations of securities issuers
Recent amendments to the Transparency for Listed Companies Directive should improve the system for release of information by listed companies.
Changes in reporting obligations of securities issuers
Work schedules: A new obligation of employers
The recent amendment of the Polish Labour Code introduced a requirement for employers to prepare work schedules for all employees. The new rules raise new doubts surrounding organisation of working time without eliminating the existing doubts.
Work schedules: A new obligation of employers