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Personnel files: in Polish, in writing, and for 50 years
The Labour Code and other regulations require employers to maintain personnel files and other employment documentation, governing such specific issues as the language and longevity of the documentation.
Where there's a will there's a way
The Notarial Register of Wills, recently rolled out by Poland’s National Council of Notaries, makes it easier for creditors to locate a will and establish the legal successors of a deceased debtor.
Securitisation: Be careful about reserving title to sold goods!
A business may enter into an agreement assigning its receivables to a securitisation fund, but effective assignment of claims of title to generically identified sold goods may require notice to the buyer.
Test for application of the Payment Services Act
In light of the consequences that follow from a duty to comply with Poland’s new Payment Services Act, it is important for companies to review carefully whether the act will apply to the services they perform.
Statements or certificates in public procurement?
Whether a foreign bidder in a Polish tender must submit certificates issued by the public authorities abroad, or merely submit a declaration, depends on the scope of certificates that are issued in the other country.
Regulations implementing the Payment Services Act
We continue our series of articles on the act transposing the Payment Services Directive into Polish law with a few comments on the implementing legislation.
Amending the articles of association when the company is still in organisation
The Polish corporate code says the articles of association of a limited-liability company in organisation may be amended by a shareholder resolution, but the Supreme Court says a shareholder agreement is required.
Exercise of share rights by the acquirer of registered shares
Can the buyer of registered shares fully exercise all share rights immediately upon acquisition of the shares?
What does a shareholder have the right to know about a public company?
At a general meeting of a listed company, shareholders have a right to ask questions about the company’s affairs, but management is not required—or even allowed—to answer some of them.
Payment Services Directive finally implemented in Poland
There is a chance for uniform rules for payments across the European market. In a series of articles, we will review issues related to the new regulations that will impact nearly everyone involved in trade.