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New rules for admission of foreign rolling stock onto the Polish rail market
On 14 June 2011 the Polish government approved a bill to amend the Rail Transport Act in order to provide for automatic admission of rail vehicles for operation in Poland if they have been admitted for operation in another EU member state.
Krzysztof Libiszewski: When there is a dispute between shareholders, the company always suffers
Litigation Portal: You co-head the Corporate Law practice at Wardyński & Partners. The team mainly handles transactions in which the parties have a common economic goal they seek to achieve. But sometimes disputes may arise?
Maintaining and storing Polish company accounts outside Poland
Under recently amended provisions of the Polish Accountancy Act, authorised entities outside Poland may maintain and store accounts of Polish companies—but only in compliance with Polish accounting requirements.
Permit from the president of URPL, not the Minister of Health
A change in the body responsible for issuing marketing authorisation for drugs should cut the time required to obtain approval in Poland.
Dispute resolution under FIDIC contracts
One of the reasons that FIDIC terms are so popular for construction contracts is the well-developed set of dispute resolution procedures.
New Private International Law
The new Private International Law went into force in Poland on 16 May 2011, replacing the old law from 1965.
Company must be notified of acquisition of shares
The transaction of acquiring shares in a limited-liability company typically ends upon signing of the share sale agreement, but the acquirer’s duties do not end there.
How long will it be necessary to store tax records?
If a taxpayer has generated a loss and plans to carry it forward to apply against income earned in subsequent tax years, the taxpayer may have to retain its tax records and related documents for up to 11 years.
Amendment of Personal Data Protection Act
The Polish Inspector General for Personal Data Protection will have authority to impose fines for failure to comply with data protection orders. The ability to withdraw consent to processing of personal data has also been clarified.
When to provide a performance bond, and for how long?
Contractors in public procurement who submit a performance bond in the form of a bank guarantee may not be sure when it needs to be provided to the contracting authority or what the duration of the guarantee should be.
