Legal acts tend to evolve or change extremely quickly in continental law systems, but sometimes we can encounter some old artifacts of legislation that somehow remained in force particularly long. In Poland, for example, the oldest still binding act of law is an Act on Purchasing of Real Estates by Foreigners, which dates back to…

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The infamous debt collection is a notion that haunts many entrepreneurs, particularly throughout recession, such as the one that we witness nowadays. This is, however, far from being death sentence for our company, and if we know our rights – we might defend ourselves and make use of this procedure to regain control over our…

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On June 1st, Polish entrepreneurs had to face a new VAT tariffs scheme, which was bound to enter into force as early as in April. The amendment has been postponed, however, due to the COVID-19 pandemic and subsequent chaos on the market, which would be even deeper with changes tax law. Even though we were…

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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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