On 19th June, entrepreneurs in Poland received new, even stronger version of the so-called Shield, a legal instrument created to assist companies, businessmen and workers in tough times of COVID-19 pandemic. The new act, officially known as Act on supplements to bank credits of entrepreneurs influenced by COVID-19 and on simplified proceeding on confirmation of…

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Even though it is relatively unknown, the Registry of Ultimate Beneficial Owners (in Polish: Centralny Rejestr Beneficjentów Rzeczywistych, CRBR) has become officially operational as of 13th October 2019 – almost one year ago. What is CRBR? Who should be listed in the Registry? And last but not least – what are the consequences for those…

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Beginning of a new year is often a time of various summaries, but it is also a time of novelties – even when it comes to judiciary.  In the new year, Polish courts must deal with a major amendment of code of civil procedure (kodeks postępowania cywilnego – KPC), probably the largest one in recent…

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On 2nd August, the President of the Republic of Poland signed an act which changes Polish code of commercial companies and introduces a widely anticipated and debated novelty – a simple joint-stock company (Simple JSC, in Polish – Prosta Spółka Akcyjna PSA). Ministry of Enterprise and Technology, being an author of the act, claims that…

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Spain is an important trade partner for Poland. In spite of the growing year by year trade between both countries, the potential for cooperation between Polish and Spanish entities still does not seem to be fully used. For years Poland has been obtaining a positive balance of trade with Spain – exporting more than importing….

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The level of indebtedness of Polish entrepreneurs is constantly growing. However, this tendency should not be considered as the problem. Most loans are taken out for investment purposes and to support the development of business. The growing investment potential of Polish entrepreneurs transfers directly into the growth of our country’s GDP. The most important investment…

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