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Preliminary agreement for real estate transaction without a shareholder resolution?
A company may enter into a preliminary agreement to buy or sell real estate without obtaining shareholder approval, but the lack of a shareholder resolution will prevent the parties from seeking a court order enforcing the promise to go through with the t
May counterfeit and pirated goods in transit through the EU be seized and destroyed?
The European Court of Justice has clarified its holdings on the issue of transit of infringing goods through EU territory.
Environmental impact of shale gas exploration and extraction
Before beginning to explore or extract shale gas, is it always necessary to conduct an environmental impact assessment?
Will Poland avoid a recession?
Speakers at the 4th Warsaw CEE Financial Hub, an international conference held on 30 November 2011 at the Warsaw Stock Exchange, gave high marks to the Polish economy.
Duties of the management board of a limited-liability company in the process of share transactions
Sale or encumbrance of shares in a Polish limited-liability company requires the management board to take certain actions, including entry of changes in the share ledger and, in some cases, consent to the transaction.
When to supplement bid documents in a public procurement proceeding?
The Public Procurement Law allows the contracting authority to summon a bidder to supplement its bid documentation. The law does not prohibit a bidder from doing so on its own initiative, but is that a good idea?
Foreign exchange permits and reporting
Although foreign exchange permits are rarely required in Poland anymore, companies must still remember about certain central bank requirements in this area.
Illegally hired foreigner does not have to be deported
The province governor cannot issue a decision to deport a foreigner who was illegally hired if the hiring is legalised during the course of the deportation proceeding by obtaining the required permits and complying with the applicable procedures.
Easier to merge or spin off companies
An amendment to the Commercial Companies Code went into effect on 27 October 2011, simplifying and shortening the procedures for corporate mergers and divisions, including cross-border mergers.
The company that swallowed its own tail
When acquiring shares it is important to examine whether either of the parties is a parent or subsidiary of the other. The existence of such ties may significantly restrict the acquirer’s share rights or even prevent effective acquisition of the shares.
