Proposed new restrictions on trading in agricultural property
New regulations governing trading in agricultural real estate proposed by the Ministry of Agriculture and Rural Development may have a huge impact not only on the possibility of selling property, but also on share transactions.
EU procedure for monitoring the rule of law
There has been a lot of talk recently about launching of the EU’s procedure for monitoring compliance with the rule of law in Poland, but not much about what exactly the procedure is.
Changes in maximum and statutory interest rates
New rules for determining maximum interest rates and statutory interest rates for both interest on capital and interest on delay entered into force on 1 January 2016.
A new approach to mediation and its impact on judicial proceedings
An amendment to the Civil Procedure Code entered into force on 1 January 2016, raising the importance of mediation and significantly changing Poland’s mediation regulations. This will also affect the course of judicial proceedings commenced from that date forward.
New system of penalties and administrative sanctions for violation of Public Offering Act now before the Parliament
The bill would significantly raise the sanctions for violation of reporting obligations—to PLN 40 million or 5% of annual turnover. The Polish Financial Supervision Authority could also publish the names of persons violating the act.
Energy efficiency audits still not mandatory
The obligation to conduct energy efficiency audits was supposed to be implemented into Polish law in 2015, but it hasn’t happened yet.
Restructuring Law and amended Bankruptcy Law: Scope and essence of changes
The main provisions of the Restructuring Law of 15 May 2015 enter into force on 1 January 2016. It will serve one of the foundations of commercial law in Poland, enabling effective restructuring of insolvent enterprises.
Happy Holidays!
Warmest wishes to the readers and authors of our portal—for peace on earth and peace of mind.
The law of Christmas
A few words on the Merry Christmas Bill, sending telegrams during the holidays, and how Polish courts are caught up in the spirit of the season.
Will drones replace Rudolph?
With the implementation of new technologies at Claus Enterprises, Santa is seriously considering replacing his team of reindeer and using drones to deliver presents. Rudolph is already looking for another job.
Could Santa Claus buy real estate in Poland?
As everyone knows, Santa lives in Lapland. But what with the wave of inward investment in Poland, what if he decided to pull up stakes and move his establishment to property acquired here?
Battle over social insurance burdens
High social insurance premiums in Poland motivate remitters and insureds to seek business models allowing them to reduce their contributions. But the Social Insurance Institution—with the support of lawmakers—is closing more loopholes.
